3154 Reach Street Philadelphia, PA 19134
Two-unit duplex in Kensington, close to amenities and transportation.
Type:Multi-Family / Fee Simple
Property size:
1,064 SF- Added:
- Feb 10, 2025
- Days on Market:
- 432
- 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
Listing agent Minh Nguyen-Rivera License #RS333589 (267) 628-8062
Listing office KW Empower (267) 628-8062
Listing date Feb 10, 2025
Source Compass
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
Overview
Kensington Duplex Near Transportation
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
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.1161976
- Latitude
- 39.9963877
Nearby Similar for Sale
FAQs
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
