Three-Unit Multifamily Property with
For Sale
$589,000
2137-39 E ANN Street, Philadelphia, PA 19134
Multi-Family, PHILADELPHIA, PA
Property Size1,422 SF
Lot Size0.08 Acres
Price / SF$414.21
Days on Market438
Property Features for 2137-39 E ANN Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Parking
6
Parking features
Driveway, Garage - Attached
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
1,422 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Annual Amount
1927
Utilities
Heating system
Electric (Heating), Baseboard
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 · RE/MAX International
(215) 335-6900
Listed By:
Marco A Troche · License #AB069365
(267) 255-8132
Added: Aug 12, 2025
Changed: Oct 15
Last Checked: Oct 23 at 2:06AM
MLS# PAPH2526708
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.
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Investment Insights
Based on property information with market context.
The property consists of two masonry structures on a 0.0781-acre corner lot. The main building is arranged as a duplex, with a 1-bedroom apartment on the first floor and a 2-bedroom apartment on the second. A separate corner structure contains another 1-bedroom apartment and a 6-car garage. The recorded property size is 1,422 square feet, and the building dates to 1930.
The duplex apartments have private entrances and separate utilities. The garage structure also includes additional storage. Heating is electric baseboard, with ceiling fans for cooling. Driveway and attached-garage parking are listed among the property features.
The site is described as being near public transportation and major routes, with local amenities nearby.
The duplex apartments have private entrances and separate utilities. The garage structure also includes additional storage. Heating is electric baseboard, with ceiling fans for cooling. Driveway and attached-garage parking are listed among the property features.
The site is described as being near public transportation and major routes, with local amenities nearby.
Key Highlights
- Three apartments: one 2‑bedroom unit and two 1‑bedroom units
- Main structure is configured as a duplex with separate utilities and private entrances
- Corner structure includes a 6‑car garage and an additional storage area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,367
Cap Rate
3.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$447,340
$447.3K
Cap Rate 7%
$319,529
$319.5K
Cap Rate 9%
$248,522
$248.5K
Market Conditions
NOI Build-Up for 1,422 SF
Gross rent
$43.2K $30.36/SF
− Vacancy
−$2.5K −$1.76/SF
EGI
$40.7K $28.60/SF
− OpEx
−$18.3K −$12.87/SF
NOI
$22.4K $15.73/SF
Area
Philadelphia, PA
Vacancy
5.80%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$447,340
Cap Rate 7%
$319,529
Cap Rate 9%
$248,522
Alternative Uses
Best Use
Apartment 5plus
$319.5K
$279.6K – $372.8K
NOI $22,367 @ 7.0% cap · market cap 3.80%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$346.7K
$303.3K – $404.4K
NOI $24,266 @ 7.0% cap · market cap 4.12%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
3
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,411
Businesses Nearby
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Business Placement
Demographics for 19134, PA
57,463
Population
25,290
Households
2.3
Avg Household Size
33
Median Age
18%
College-Educated
77%
High-School Grad
3.4 sq mi
ZIP Area
16,901
Density / Sq Mi
$41,849
Median Household Income
$35,858
Median Earnings
$1,179
Median Rent
$127,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - Three apartments have private entrances, with separate utilities serving the duplex units.
Where is this multifamily property 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: Three apartments: one 2‑bedroom unit and two 1‑bedroom units; Main structure is configured as a duplex with separate utilities and private entrances; Corner structure includes a 6‑car garage and an additional storage area
