Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    257 46Th St Philadelphia, PA 19139

    Sponsored
    For Sale
    $1,600,000

    8-unit apartment building, value-add opportunity.

    Property size:
    6,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents two side-by-side three-story buildings totaling 6,000 square feet situated on a 4,150 square foot lot in Philadelphia, Pennsylvania. The property, located at 257-259 South 46th Street, consists of eight rental units: four two-bedroom apartments, two one-bedroom apartments, and two studio apartments. Each building offers approximately 3,000 square feet of living space. This Class B multifamily property is zoned RTA1 and presents a significant value-add opportunity due to its location within Philadelphia's rapidly growing "Eds & Meds" economy, a powerhouse district encompassing higher education (University of Pennsylvania and Drexel University), healthcare (Children's Hospital of Philadelphia and University of Pennsylvania Health System), and innovation (Schuylkill Yards and Science Center). The property's prime location also benefits from being in the highly sought-after Penn Alexander School catchment (K-8), ensuring consistent rental demand. The asking price for this eight-unit apartment building is $1,600,000. This property offers significant upside potential for investors seeking a strong return in a thriving Philadelphia neighborhood. The original charm of the buildings, combined with the robust rental market, makes this a compelling investment prospect.

    Property Features for 257 46Th St

    General Information

    Property type
    Multifamily properties
    Square Feet
    6,000 SF
    Class
    B

    Building Details

    Buildings
    2
    Stories
    3
    Units
    8

    HighLights

    • Located in the Penn Alexander School catchment (K‑8).
    • Situated in Philadelphia's thriving "Eds & Meds" economy, near universities and hospitals.
    • Prime location in Philadelphia's highest‑growth rental submarket.
    • Value‑add opportunity: Two side‑by‑side three‑story buildings, totaling 6,000 square feet on a 4,150 square foot lot, with eight rental units (four 2BR, two 1BR, two studios), listed at $1,600,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market 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
    -75.2137712
    Latitude
    39.9536163

    Nearby Similar for Sale

    • $849,900
      8,412 SF

      Mixed-Use Corner Property in Mayfair

      Highly visible commercial mixed-use property in a densely populated area.
      4624 Rhawn St, Philadelphia, PA 19136
      View Details
    • $359,900
      1,856 SF

      Renovated Duplex Near Center City

      Fully renovated duplex with potential for a third unit.
      1411 W Loudon St, Philadelphia, PA 19141
      View Details
    • $960,000
      4,488 SF

      Renovated Triplex Near Fishtown

      Fully renovated triplex with bi-level units near Fishtown and Temple.
      1334 N 7Th St, Philadelphia, PA 19122
      View Details
    • $960,000
      4,488 SF

      Renovated Triplex Near Fishtown

      Fully renovated triplex with bi-level units near Fishtown and Temple.
      1336 N 7Th St, Philadelphia, PA 19122
      View Details
    • $400,000
      2,991 SF

      Philadelphia Multifamily Investment Opportunity

      Fully occupied 6-unit multifamily property near University City and Clark Park.
      4714 Woodland Ave, Philadelphia, PA 19143
      View Details
    • $400,000
      3,450 SF

      Philadelphia Multifamily Investment Opportunity

      Fully occupied 6-unit multifamily portfolio near University City and Clark Park.
      4712 Woodland Ave, Philadelphia, PA 19143
      View Details
    • $879,000
      2,868 SF

      Prime Retail with Two-Story Apartment

      Retail space with a two-story apartment in Queen Village.
      713 S 4Th St, Philadelphia, PA 19147
      View Details
    • $3,500,000
      0.51 Acres

      Versatile Philadelphia Restaurant/Nightclub Opportunity

      Spacious, upgraded restaurant/nightclub with liquor license and two kitchens.
      2154-72 Bridge St, Philadelphia, PA 19124
      View Details
    • $1,300,000
      0.03 Acres

      Spacious Commercial Property Near Rittenhouse

      Multi-level commercial property near Rittenhouse Square, Philadelphia.
      313 S 16Th St, Philadelphia, PA 19102
      View Details
    • $1,300,000
      3,423 SF

      Rittenhouse Square Multifamily Redevelopment Opportunity

      RM1-zoned property near Rittenhouse Square, ideal for multifamily conversion.
      313 S 16Th St, Philadelphia, PA 19102
      View Details
    • $325,000
      2,330 SF

      West Philly Triplex with Garage

      Turnkey triplex in West Philly with rare attached two-car garage.
      5636 Arch St, Philadelphia, PA 19139
      View Details
    • $2,850,000
      0.19 Acres

      Modern Creative Office in Manayunk

      Modern office property in a vibrant Philadelphia neighborhood.
      4640-46 Umbria St, Philadelphia, PA 19127
      View Details

    FAQs

    What type of property is this?
    Multifamily property - 8-unit apartment building, value-add opportunity.
    Where is this multifamily property located?
    The property is located at 257 46Th St Philadelphia, PA.
    What is the asking price?
    The asking price for this property is $1,600,000.
    What are key features of this property?
    This property features: Located in the Penn Alexander School catchment (K-8).; Situated in Philadelphia's thriving "Eds & Meds" economy, near universities and hospitals.; Prime location in Philadelphia's highest-growth rental submarket.
    Request Owner's contact information
    257 46Th St Philadelphia, PA 19139
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    257 46Th St
    Philadelphia, PA 19139
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    257 46Th St Philadelphia, PA 19139
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.