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    1844 Front St Philadelphia, PA 19122

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    For Sale
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    Two-unit building, redevelopment potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This Philadelphia, PA multifamily property, located at 1844 N Front St, in the desirable Fishtown neighborhood (zip code 19122), presents a compelling investment opportunity. The building consists of two large residential units, each featuring one bedroom and one bathroom. Currently, the units are rented below market rate, offering immediate potential for increased revenue through rent adjustments. Adding to its appeal is a ground floor commercial unit, ripe for redevelopment or lease to generate additional income streams. The property's location within a strong residential corridor of Fishtown ensures consistent demand for rental units. This presents a unique chance for an investor to acquire a property with significant upside potential, either through maximizing rental income or pursuing a comprehensive redevelopment project. The property's coordinates are 39.9782387 latitude and -75.1339126 longitude. This is a two-unit apartment building in Philadelphia County, Pennsylvania. Serious investors are encouraged to explore this promising venture.

    Property Features for 1844 Front St

    General Information

    Property type
    Multifamily properties

    Building Details

    Units
    2

    HighLights

    • Multifamily property consisting of two residential units, each with one bedroom and one bathroom.
    • Ground floor commercial unit with redevelopment potential.
    • Below‑market rents offering value‑add opportunity.
    • Situated in a strong residential area of Fishtown, Philadelphia.
    Property Profile Location Intelligence

    Current Use by Public Records

    HDE Studios Recording Studio Philly Faces Talent Agency

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Philadelphia
    State
    Pennsylvania
    Longitude
    -75.1339126
    Latitude
    39.9782387

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    FAQs

    What type of property is this?
    Multifamily property - Two-unit building, redevelopment potential.
    Where is this multifamily property located?
    The property is located at 1844 Front St Philadelphia, PA.
    What are key features of this property?
    This property features: Multifamily property consisting of two residential units, each with one bedroom and one bathroom.; Ground floor commercial unit with redevelopment potential.; Below-market rents offering value-add opportunity.
    Request Owner's contact information
    1844 Front St Philadelphia, PA 19122
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1844 Front St Philadelphia, PA 19122
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