Philadelphia, PA 19124,1686 HARRISON ST
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Philadelphia, PA 19124,1686 HARRISON ST
Philadelphia, PA 19124,1686 HARRISON ST
Philadelphia, PA 19124,1686 HARRISON ST
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Listed by Saam Tashayyod • Trophy Commercial Real Estate LLC
$ 330,000
Est. payment /mo
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1686 HARRISON ST Philadelphia, PA 19124

2,240 SqFt


UPDATED:

Key Details

Property Type Multi-Family

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 2,240 sqft

Price per Sqft $147

MLS Listing ID PAPH2529392

Style Other

Abv Grd Liv Area 2,240

Year Built 1940

Annual Tax Amount $3,282

Tax Year 2025

Lot Size 2,677 Sqft

Acres 0.06

Lot Dimensions 25.00 x 106.00

Property Sub-Type Other

Source BRIGHT

Property Description

1686 Harrison Street, a stabilized five-unit multifamily asset located in the Holmesburg section of Northeast Philadelphia. This well-maintained walk-up offers a balanced mix of tenant affordability and durable in-place cash flow, making it an attractive investment for first-time buyers or seasoned operators seeking low-maintenance yield. Priced at just $66,000 per unit, the asset provides strong day-one returns and the opportunity for future upside through light operational enhancements and rent adjustments. This property offers reliable returns and low-friction management.

INVESTMENT HIGHLIGHTS:
- Fully occupied and cash flowing at acquisition
-Operating expenses at just 34.9% of income
-Gross income of $44,460/ year with potential for modest rent increases
-CAP Rate: 8.51% with Cash-on-Cash Return of 8.12%
-Walking distance to SEPTA transit, retail, and regional employment

Location

State PA

County Philadelphia

Area 19122 (19122)

Zoning RM1

Interior

Hot Water Electric

Heating Forced Air

Cooling Central A/C

Fireplace N

Heat Source Electric

Exterior

Water Access N

Accessibility Other

Garage N

Building

Sewer Public Sewer

Water Public

Architectural Style Other

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District Philadelphia City

Others

Tax ID 232200100

Ownership Fee Simple

SqFt Source Assessor

Acceptable Financing Cash, Conventional, Other

Listing Terms Cash, Conventional, Other

Financing Cash,Conventional,Other

Special Listing Condition Standard


Bright MLS (BMLS)
agent

Andrew Himes

+1(267) 231-8255

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1686 HARRISON ST