1831 S 5Th St Philadelphia, PA 19148

Located in Dickinson Narrows, South Philadelphia, this legally zoned three-unit building features active rental licenses. The property is situated near East Passyunk, Moyamensing, and Pennsport, adjacent to a transformative intersection anchored by commercial mixed-use corridors. It is surrounded by residential and multi-unit development, as well as major infrastructure projects. The triplex consists of three large two-bedroom, one-bathroom units throughout the three-story structure, with a backyard and common easement. The first-floor unit has access to the backyard. The second-floor unit is not self-contained, presenting an opportunity to convert it into two studios, potentially increasing the total unit count to four or more. The property includes four gas meters, new 240 electrical service and heads, three water heaters, and one heating furnace. Common heat is currently configured for the building, but switching to in-unit baseboard electric is recommended. Cosmetic upgrades are present throughout the building, with an in-unit washer/dryer on the third-floor unit. All units are currently occupied below market rates. East Passyunk Avenue, with over 160 independent businesses and retail locations, is within short distance. Dickinson Narrows is also adjacent to the Riverwards along the Delaware River.