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4631 Locust St 2 Unit Apartment Building $675,000 ($337,500/Unit) Philadelphia, PA 19139
Investment Highlights
- The property is situated in the University City neighborhood of Philadelphia.
- The area offers convenient access to public transportation, including SEPTA bus routes and stations serving the Market-Frankford Line.
- Residents benefit from proximity to a variety of neighborhood amenities including cafes, restaurants, grocery stores, and daycare centers.
- It is located on a tree-lined residential block, providing a picturesque streetscape and community atmosphere.
- University of Pennsylvania and Drexel University are nearby, contributing to consistent housing demand and strong rental potential for investors.
- Major roadways like Chestnut Street and Walnut Street are easily accessible
Executive Summary
MPN Realty, Inc. is pleased to present the exclusive sale of 4631 Locust St., a duplex in University City. The property features (1) 4 bed/ 2 bath unit and (1) 3 bed /1 bath unit. All units are self-contained, with newer kitchens, baths, flooring, systems, and W/D in unit. The corner property is located on a beautiful tree lined block in University City. The property is ideal for an investor looking for a turn-key investment, or an owner-occupant that would live in one unit and lease out the other
Property Facts
| Price | $675,000 | Apartment Style | Low-Rise |
| Price Per Unit | $337,500 | Lot Size | 0.04 AC |
| Sale Type | Investment | Building Size | 1,950 SF |
| No. Units | 2 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1925 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | RM-1 - Residential Multi-Family District – Low Density, | ||
| Price | $675,000 |
| Price Per Unit | $337,500 |
| Sale Type | Investment |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Lot Size | 0.04 AC |
| Building Size | 1,950 SF |
| No. Stories | 2 |
| Year Built | 1925 |
| Opportunity Zone |
Yes |
| Zoning | RM-1 - Residential Multi-Family District – Low Density, |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+3 | 2 | $2,035 | - |
1 1
Exceptionally walkable
90/100
Somewhat drivable
30/100
Exceptional public transit
90/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 461005800 | Improvements Assessment | $471,600 |
| Land Assessment | $117,900 | Total Assessment | $589,500 |
Property Taxes
Parcel Number
461005800
Land Assessment
$117,900
Improvements Assessment
$471,600
Total Assessment
$589,500
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4631 Locust St
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