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Renovated Triplex with Tax Abatement
For Sale
$445,000

320 N 62nd St, Philadelphia, PA 19139

Three-unit residential property with two two-bedroom apartments and a studio unit.

Property Size2,700 SF
Price / SF$164.81
Days on Market36

Property Features for 320 N 62nd St

General Information

Standard status Active
Size 2,700 SF
Property subtype Multi-Family

Units

Unit Mix 2 x 2BR/1BA, 1 x studio
Multifamily Units 3

Building Details

Year Built 1915
Year Renovated 2023
Buildings 1
Listing Agency: HomeSmart Realty Advisors
Listed By: Gazi Ataseven · License #RM426020
Source: Upgradebymichaud
Added: Jul 26 Changed: Aug 30 Last Checked: Aug 30 at 7:43PM

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 HomeSmart Realty Advisors

Investment Insights

Based on property information with market context.

Located at 320 N 62nd St in Philadelphia, this 2,700-square-foot triplex contains three separate residential units: two apartments with two bedrooms and one bathroom each, plus a studio. The property was renovated in 2023, with updated systems and contemporary interior finishes.

The first two units are currently occupied, while the studio is in the renting process. An approved tax abatement has approximately 7 years remaining, adding a defined tax-related benefit to the property’s operating profile. Built in 1915, the building offers a three-unit configuration suited to residential income ownership.

Key Highlights

  • Three‑unit triplex with two 2‑bedroom, 1‑bath units and one studio
  • Approximately 2,700 square feet of property size
  • Complete renovation completed in 2023

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Skin Care Clinic Gym & Fitness Center Parking Lot & Garage Electrical Service

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

3
Residential units

Location Intelligence

Trade Area within ½ mile

1,627
Businesses Nearby

Demographics for 19139, PA

43,281
Population
23,896
Households
1.8
Avg Household Size
36
Median Age
22%
College-Educated
86%
High-School Grad
1.8 sq mi
ZIP Area
24,045
Density / Sq Mi
$38,701
Median Household Income
$34,796
Median Earnings
$1,110
Median Rent
$118,700
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

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

What type of property is this?
Triplex - Three-unit residential property with two two-bedroom apartments and a studio unit.
Where is this triplex located?
The property is located at 320 N 62nd St Philadelphia, PA.
What is the asking price?
The asking price for this property is $445,000.
What are key features of this property?
This property features: Three‑unit triplex with two 2‑bedroom, 1‑bath units and one studio; Approximately 2,700 square feet of property size; Complete renovation completed in 2023
More about this property
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