New

$2,600,000

For Sale

9 hours ago

38 - 2532-38 Alter St, Philadelphia, PA

Name: 38 - 2532-38 Alter St, For Sale in Philadelphia - eXp Realty
Brand: Realty Management Works LLC
SKU: PAPH2652854
Price: 2600000 USD

MLS® PAPH2652854

0 Bed

0 Bath

2094 sqft

Key Facts
Description
Map

Key Facts

Type Triplex

Levels Residential Income

Size 2094 sqft

Garage No

Taxes $7,139

Days Active 0

Lot Size 0.019999999552965164 Acres

Approx. Age 2018

Avg. Price Per Sqft $1,241

MLS® Number PAPH2652854

Property Address: 38-2532-38 Alter St, Philadelphia, PA, 19146-3923

Average square foot calculated using Size range provided by listing agent.

Description

Rare opportunity to acquire a portfolio of four newer-construction duplexes offered together in one of Philadelphia's fastest-growing neighborhoods. Built between 2019 and 2021, these low-maintenance investment properties are being sold as a portfolio, with a minimum purchase of three duplexes required, offering excellent scalability for investors looking to expand their holdings. Each duplex consists of two well-appointed units: The upper unit features 2 bedrooms, 2.5 bathrooms, a spacious 21-foot-wide open-concept layout, hardwood flooring throughout, quartz countertops, stainless steel appliances, a full-size in-unit washer and dryer, generously sized bedrooms, a primary suite with an en-suite bath, and exclusive access to a private rooftop deck. The lower unit offers 2 bedrooms and 2 bathrooms with an open floor plan, hardwood floors, abundant natural light, a modern kitchen with white cabinetry, quartz countertops, stainless steel appliances, a full-size in-unit washer and dryer, spacious bedrooms, a primary suite with an en-suite bath, and a private rear patio. This fully leased portfolio has experienced consistently high occupancy with an exceptionally low vacancy rate, providing immediate, reliable cash flow. Current rent roll and lease terms are available upon request. Ideally located just minutes from the University of Pennsylvania, Drexel University, and Center City, the properties are convenient to Philadelphia's top employers, restaurants, shopping, and cultural attractions. Generating $192, 600 in gross annual rental income, this turnkey portfolio combines strong in-place cash flow, newer construction, low maintenance, and long-term appreciation potential. Whether you're completing a 1031 exchange or looking to scale your multifamily portfolio, this is an exceptional opportunity to acquire multiple stabilized assets in a single transaction.

MLS® NumberPAPH2652854

Laundry Level

Central VacNo

FireplaceNo

Acreage0.02

Exterior

GarageNo

Approx. Age2018

BasementFull

DrivewayNone

Garage Spaces

Heat90% Forced Air, Natural Gas

A/CCentral A/C, Electric

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Jul 28, 2026List Date

$2,600,000List Price

Commute

Commute

Starting Address

Destination Address

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