Kensington Duplex Near Transportation

3154 Reach Street, Philadelphia, PA 19134

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For Sale

$119,000

Two-unit duplex in Kensington, close to amenities and transportation.

Type:Multi-Family / Fee Simple

Property size:

1,064 SF

Price / SF:

$111/SF

HighLights

High Capitalization Rate: 14.75% with $1,600 monthly rental income
Package Deal Opportunity: Purchase with two other properties for a total of 9 units
Qualified Opportunity Zone: Offers potential capital gains tax advantages
Prime Location: Heart of Kensington, close to Fishtown and Norris Square, with easy access to public transportation
Development Potential: Located near major development projects and revitalization efforts
Existing Rental Income: Both units are currently occupied with tenants current on rent payments

We can help!

Listing Contact

Minh Nguyen-Rivera

Learn more

For Sale

$119,000

Two-unit duplex in Kensington, close to amenities and transportation.

Type:Multi-Family / Fee Simple

Property size:

1,064 SF

Price / SF:

$111/SF

Added:: Feb 10, 2025
Days on Market:: 489
Last Refresh:: Mar 13 at 10:44 am

Property Features for 3154 Reach Street

General Information

Standard status: Active
Size: 1,064 SF
Property subtype: Multi-Family / Fee Simple

Building Details

Year Built: 1920

We can help!

Listing Contact

Minh Nguyen-Rivera

Listing agent Minh Nguyen-Rivera License #RS333589

Listing office KW Empower

Listing date Feb 10, 2025

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Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of KW Empower

HighLights

High Capitalization Rate: 14.75% with $1,600 monthly rental income
Package Deal Opportunity: Purchase with two other properties for a total of 9 units
Qualified Opportunity Zone: Offers potential capital gains tax advantages
Prime Location: Heart of Kensington, close to Fishtown and Norris Square, with easy access to public transportation
Development Potential: Located near major development projects and revitalization efforts
Existing Rental Income: Both units are currently occupied with tenants current on rent payments

Overview

Located in the heart of Kensington, this two-unit duplex is situated near Fishtown, Norris Square, and Olde Kensington. The property is nestled between public transportation infrastructure, medical institutions, new construction, and commercial mixed-use corridors with a multitude of amenities. Both units are currently occupied and generating rental income. The property has a capitalization rate of 14.75% with a current rental income of $1,600 per month. Unit 1, located on the first floor, features one bedroom and one bathroom and rents for $800 per month. Unit 2, located on the second floor, includes two bedrooms and one bathroom and also rents for $800 per month. The lease agreements are annual, with potential for increased rental income. Major development projects are occurring nearby, including the commercial mixed-use corridor revitalization of Kensington Avenue. Block developments ranging from 15 to 200 units are also in progress. The property is located within a Qualified Opportunity Zone, offering potential capital gains tax advantages. Additional features include easy parking and close proximity to trolley and bus stops. The property is also near multicultural cuisine and food establishments, as well as Fishtown, Norris Square, Olde Kensington, and Port Richmond.

Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Location Insight

Map
Local Demand

City: Philadelphia
County: Delaware
State: Pennsylvania
Longitude: -75.1161976
Latitude: 39.9963877

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For sale
Duplexes
PA
Philadelphia
19134
3154 Reach Street

What type of property is this?

Duplex - Two-unit duplex in Kensington, close to amenities and transportation.

Where is this duplex located?

The property is located at 3154 Reach Street Philadelphia, PA.

What is the asking price?

The asking price for this property is $119,000.

What are key features of this property?

This property features: High Capitalization Rate: 14.75% with $1,600 monthly rental income; Package Deal Opportunity: Purchase with two other properties for a total of 9 units; Qualified Opportunity Zone: Offers potential capital gains tax advantages

3154 Reach Street, Philadelphia, PA 19134

Two-unit duplex in Kensington, close to amenities and transportation.

Property Features for 3154 Reach Street

General Information

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Freestanding Single-Story Retail Building

Freestanding Office Building on Corner

Restaurant Opportunity in Philadelphia, PA

Medical Office Building with Parking

Iconic East Falls Cornerstone Building

Industrial Garage-Style Property Package

Mixed-Use Brownstone with Storefront

Prime Philadelphia Retail Opportunity

Mixed-Use Building with Two-Level Layout

Turnkey Three-Story Building with Elevator

Triplex with Central Air Units

Turnkey Triplex with Tax Abatement

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