Distressed 5-Unit Apartment
For Sale
Contact for pricing
1705 W ERIE AVE, Philadelphia, PA 19140
Distressed five-unit multifamily building with multiple violations and a tenant move-out status largely complete.
Property Size2,759 SF
Price / SF$72.49
Days on Market126
Property Features for 1705 W ERIE AVE
General Information
Standard status
Active
Size
2,759 SF
Property subtype
Multifamily
Occupancy
20%
Additional Details
Multifamily Units
5
Building Details
Year Built
1930
Stories
3
Units
5
Tenancy
Single
Listing Agency:
Keller Williams Philly
Listed By:
Rich Cassell · License #PA RS330536
Source:
Crexi
Added: May 7
Changed: Sep 8
Last Checked: Sep 7 at 4:30PM
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 Keller Williams Philly
Investment Insights
Based on property information with market context.
This is a legally distressed five-unit multifamily apartment building with multiple reported violations. The property is being marketed as a distressed sale, with the outcome of any short-sale approval potentially dependent on the buyer’s offer.
According to the public remarks, all but one tenant has moved out, and the current scenario is most likely to involve a cash-for-keys arrangement. The seller is only accepting offers from direct buyers and is not accepting wholesales, assignments, or novations.
Because the property’s condition is tied to reported legal matters and remaining tenant status, prospective buyers should plan for approval steps and an orderly transition consistent with the stated move-out situation.
According to the public remarks, all but one tenant has moved out, and the current scenario is most likely to involve a cash-for-keys arrangement. The seller is only accepting offers from direct buyers and is not accepting wholesales, assignments, or novations.
Because the property’s condition is tied to reported legal matters and remaining tenant status, prospective buyers should plan for approval steps and an orderly transition consistent with the stated move-out situation.
Key Highlights
- Distressed five‑unit multifamily building with multiple violations
- Short sale approval may be required depending on the buyer’s offer
- All but 1 tenant has moved out; cash to keys is most likely
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
20%
Occupancy
Location Intelligence
Trade Area within ½ mile
3,093
Businesses Nearby
Explore this area
Business Placement
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
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Frequently Asked Questions
What type of property is this?
Apartment building - Distressed five-unit multifamily building with multiple violations and a tenant move-out status largely complete.
Where is this apartment building located?
The property is located at 1705 W ERIE AVE Philadelphia, PA.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Distressed five‑unit multifamily building with multiple violations; Short sale approval may be required depending on the buyer’s offer; All but 1 tenant has moved out; cash to keys is most likely
