Two-Structure Multifamily with
2137-39 E ANN Street Philadelphia, PA 19134
2137-39 E ANN Street, Philadelphia, PA, 19134
$589,000
For Sale
$589,000
MULTI_FAMILY - Other - PHILADELPHIA, PA
Property Size1,422 SF
Lot Size0.08 Acres
Price / SF$414.21
Days on Market341
Property Features for 2137-39 E ANN Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 6
- Parking features
- Driveway, Garage - Attached
- Standard status
- Active
- Size
- 1,422 SF
- Lot size
- 0.08 Acres
Taxes and HOA fees
- Tax Annual Amount
- 1927
Utilities
- Heating system
- Baseboard, Electric (Heating)
- Cooling system
- Ceiling Fan(s)
Building Details
- Year built
- 1930
- Number of units
- 4
- Building materials
- Masonry
- Architectural style
- Other
Listing Agency
RE/MAX Select Group
(215) 335-6900
9237 Frankford Avenue, Philadelphia, PA
Listed by
Marco A Troche · License #AB069365
(267) 255-8132
Added: Aug 12, 2025 Checked: Jul 18 at 11:06 am
MLS# PAPH2526708
Listing URL
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This property at 2137-39 E Ann Street consists of two structures on one lot. The main building is set up as a duplex with a 1-bedroom apartment on the first floor and a 2-bedroom apartment on the second floor. Each unit has a private entrance and separate utilities.
A corner structure adds additional income space, featuring a 1-bedroom apartment along with a 6-car garage. Additional storage space is available above or behind the garage, offering flexibility for seasonal storage or workspace needs.
The buildings are situated on a corner lot, with convenient access to local amenities, public transportation, and major routes.
A corner structure adds additional income space, featuring a 1-bedroom apartment along with a 6-car garage. Additional storage space is available above or behind the garage, offering flexibility for seasonal storage or workspace needs.
The buildings are situated on a corner lot, with convenient access to local amenities, public transportation, and major routes.
Key Highlights
- Two structures on one lot: a duplex and a separate unit with a 6‑car garage.
- Multiple income‑generating units: two apartments in the main building and one in the corner structure.
- Massive 6‑car garage with bonus storage space, ideal for car enthusiasts, storage, or a workshop.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $36.7k | $25.80 |
| − Vacancy | −$2.0k | −$1.42 |
| EGI | $34.7k | $24.38 |
| − OpEx | −$10.4k | −$7.31 |
| NOI | $24.3k | $17.06 |
1,422 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$346.7K
$303.3K – $404.4K
NOI $24,266 @ 7.0% cap · market cap 4.12%
Second Best
Apartment 5plus
$319.5K
$279.6K – $372.8K
NOI $22,367 @ 7.0% cap · market cap 3.80%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Two structures on one lot, including a duplex and a corner unit with a 6-car garage and extra storage.
Where is this quadplex located?
The property is located at 2137-39 E ANN Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $589,000.
What are key features of this property?
This property features: Two structures on one lot: a duplex and a separate unit with a 6‑car garage.; Multiple income‑generating units: two apartments in the main building and one in the corner structure.; **Massive 6‑car garage with bonus storage space**, ideal for car enthusiasts, storage, or a workshop.
