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Listed by Michael Fiteni • LPMG Management Co.
$ 1,200,000
Est. payment | /mo
2,008 Sqft Lot
$ 1,200,000
Est. payment | /mo
2,008 Sqft Lot
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Subdivision Point Breeze
MLS Listing ID PAPH2651516
Year Built 2018
Annual Tax Amount $12,391
Tax Year 2026
Lot Size 2,008 Sqft
Acres 0.05
Lot Dimensions 32.00 x 67.00
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
Turnkey 5-Unit Investment & House-Hack Opportunity in Point Breeze — Built in 2018
Rarely does a boutique, newer-construction multifamily property hit the market in one of Philadelphia's fastest-growing neighborhoods. This beautifully maintained five-unit building combines modern construction, strong rental history, and exceptional flexibility for investors and owner-occupants alike.
Point Breeze Avenue is in the middle of a genuine construction boom, and this property sits right in the thick of it. A 57-unit apartment building recently delivered just up the block at 1622-40 Point Breeze Avenue, and a 42-unit new-construction building at 1420 Point Breeze Avenue is already leasing — both signs of the sustained investment reshaping this corridor block by block. Buying here means owning an already-finished, cash-flowing asset in a market still very much on the way up.
The standout feature: a sprawling third-floor owner's suite with 3 bedrooms, 2 full baths, a home office, and two private balconies — perfect for living upstairs while the four units below help cover, or even eliminate, your monthly housing costs.
Every residence features high ceilings, luxury vinyl plank flooring, and contemporary finishes throughout. Units 1L and 1R are well-appointed one-bedroom, one-bath apartments with access to a large fenced rear yard and over 500 square feet of private basement storage each. Unit 2R offers a spacious two-bedroom, one-bath layout, and Unit 2L features a one-bedroom, one-and-a-half-bath configuration with generous living space. All units include eat-in kitchens with modern countertops, Whirlpool stainless steel appliances, and in-unit laundry — the kind of finishes that keep renters signing leases.
Tenants cover all utilities, including a flat monthly water fee, keeping operations simple. The property has been under professional management since it was constructed in 2018, helping preserve its strong rental history and consistent upkeep. A tax appeal is currently underway to reinstate the property's tax abatement by year-end, adding further upside.
The location delivers for commuters and residents alike: quick access to the Broad Street Line, multiple SEPTA bus routes, I-95, and I-76, plus a short walk to Target, Sprouts Farmers Market, Starbucks, Two Eagles Café, The Fresh Works, On Point Bistro, and American Sardine Bar.
Whether you're adding a turnkey income-producing asset to your portfolio or eyeing the ultimate house-hack, this Point Breeze gem checks every box: location, quality, cash flow, and long-term upside. All information available upon request.
Book your showing today.
Rarely does a boutique, newer-construction multifamily property hit the market in one of Philadelphia's fastest-growing neighborhoods. This beautifully maintained five-unit building combines modern construction, strong rental history, and exceptional flexibility for investors and owner-occupants alike.
Point Breeze Avenue is in the middle of a genuine construction boom, and this property sits right in the thick of it. A 57-unit apartment building recently delivered just up the block at 1622-40 Point Breeze Avenue, and a 42-unit new-construction building at 1420 Point Breeze Avenue is already leasing — both signs of the sustained investment reshaping this corridor block by block. Buying here means owning an already-finished, cash-flowing asset in a market still very much on the way up.
The standout feature: a sprawling third-floor owner's suite with 3 bedrooms, 2 full baths, a home office, and two private balconies — perfect for living upstairs while the four units below help cover, or even eliminate, your monthly housing costs.
Every residence features high ceilings, luxury vinyl plank flooring, and contemporary finishes throughout. Units 1L and 1R are well-appointed one-bedroom, one-bath apartments with access to a large fenced rear yard and over 500 square feet of private basement storage each. Unit 2R offers a spacious two-bedroom, one-bath layout, and Unit 2L features a one-bedroom, one-and-a-half-bath configuration with generous living space. All units include eat-in kitchens with modern countertops, Whirlpool stainless steel appliances, and in-unit laundry — the kind of finishes that keep renters signing leases.
Tenants cover all utilities, including a flat monthly water fee, keeping operations simple. The property has been under professional management since it was constructed in 2018, helping preserve its strong rental history and consistent upkeep. A tax appeal is currently underway to reinstate the property's tax abatement by year-end, adding further upside.
The location delivers for commuters and residents alike: quick access to the Broad Street Line, multiple SEPTA bus routes, I-95, and I-76, plus a short walk to Target, Sprouts Farmers Market, Starbucks, Two Eagles Café, The Fresh Works, On Point Bistro, and American Sardine Bar.
Whether you're adding a turnkey income-producing asset to your portfolio or eyeing the ultimate house-hack, this Point Breeze gem checks every box: location, quality, cash flow, and long-term upside. All information available upon request.
Book your showing today.
Location
State PA
County Philadelphia
Area 19145 (19145)
Zoning RM1
Interior
Hot Water Electric
Heating Central
Cooling Central A/C
Heat Source Electric
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction Y
Schools
School District Philadelphia City
Others
Tax ID 881450742
Ownership Fee Simple
Special Listing Condition Standard
Nearby Locations
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