PHILADELPHIA, PA 19121 Philadelphia, PA 19121

This well-maintained, turnkey quadruplex is a three-story property containing four licensed residential units. The mix includes two 2-bedroom, 1-bath bi-level apartments and two 1-bedroom, 1-bath apartments. Several units feature private decks, including a 2-bedroom bi-level with a generously sized deck and one 1-bedroom unit with its own deck. Interiors are described as thoughtfully updated with modern kitchens, full-size appliances, and renovated bathrooms while preserving original character.

Additional building features include separately metered gas and electric service for all units, shared laundry facilities, and a large enclosed rear yard with alley access. There are two HVAC systems providing forced-air heat and central air conditioning to the bi-level units. Documented major capital improvements include a newer roof, five hot water heaters installed in 2021, and a current lead-safe certification valid through January 2028. The property also includes an approximately 350-square-foot, two-room finished flex space with private access, tiled flooring, and a plumbed toilet; it is not currently licensed as a residential apartment.

The flex space is currently configured as office, studio, or storage space and opens directly to the rear yard. With appropriate zoning approval and the installation of a heat source, it may be positioned for additional income opportunities, subject to licensing requirements. The building is fully occupied and currently generates approximately $56,000 in annual gross income. The asset is positioned for tenants drawn to the Temple University area and surrounding transit and employment access.