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Licensed Three-Unit Apartment Building
For Sale
$349,900

1507 W VENANGO STREET, Philadelphia, PA 19140

Three legal apartments with two bedrooms each and documented rental licensing.

Property Size2,470 SF
Days on Market113

Property Features for 1507 W VENANGO STREET

General Information

Standard status Active
Size 2,470 SF
Property subtype Triplex

Additional Details

Gross Income $45,600

Taxes and HOA fees

Annual Taxes $3,646

Building Details

Building Size 2,470 SF
Year Built 1930
Tenancy Multi
Listing Agency: KW Empower
Listed By: Michael P Cohen · License #AB066937
Source: Lizclarkrealestate
Added: Apr 14 Changed: Aug 2 Last Checked: Aug 3 at 11:11AM

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

Investment Insights

Based on property information with market context.

This Philadelphia triplex contains three two-bedroom apartments in a building constructed in 1930. The units are identified as legal multifamily residences and have completed lead testing, with rental licenses in place. Current utility responsibility is divided between the parties: the landlord covers water, while tenants pay electric and gas.

The property is located at 1507 W Venango Street in Philadelphia, PA 19140, within the Temple Town and Temple Hospital areas identified in the listing information. It is also offered within a broader group of multifamily buildings and a single-family house, while the seller has indicated openness to selling individual properties. A property tour and financial records are available during the stated due diligence process for qualified purchasers.

Key Highlights

  • Three two‑bedroom apartments in one triplex
  • Legal multifamily property with rental licenses
  • Lead testing completed

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Electrical Service Acupuncture Cafe & Coffee Shop Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

3,185
Businesses Nearby

Demographics for 19140, PA

52,124
Population
23,104
Households
2.3
Avg Household Size
36
Median Age
9%
College-Educated
73%
High-School Grad
3.2 sq mi
ZIP Area
16,289
Density / Sq Mi
$33,149
Median Household Income
$31,508
Median Earnings
$1,085
Median Rent
$101,100
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Three legal apartments with two bedrooms each and documented rental licensing.
Where is this triplex located?
The property is located at 1507 W VENANGO STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Three two‑bedroom apartments in one triplex; Legal multifamily property with rental licenses; Lead testing completed
More about this property
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