1634-40 Master St Philadelphia, PA 19121
- Apartment buildings
- 11,151 SF
Current Use by Public Records
- Apartment buildings
Property Details for 1634-40 Master St
- Year built
- 1915
- Property size
- 11,151 SF
- Property type
- Apartment buildings
Description
This exceptional investment opportunity presents a 25-unit apartment building located at 1634-40 W Master St, Philadelphia, PA 19121. The property, built in 1915 and encompassing 11,151 square feet, is offered at $875,000 ($78.47/sq ft). Currently requiring renovation, this fee-simple owned building (APN 881427250, permitted zoning RSA5) previously held a legal rental license for all 25 units, including one manager's unit. Each unit features tall ceilings, windows, and closets. Shared amenities include six powder rooms, six showers, a laundry room, three common areas/lounges, and two kitchens. A large gated outdoor space and a reception area enhance the property. The building's location offers convenient access to public transportation, proximity to Temple University, and is surrounded by new construction, making it an attractive location. While recently occupied, the property sustained vandalism during a brief vacancy and requires renovation to restore its leasable condition. The asking price reflects the estimated renovation costs. This property is well-suited for investors familiar with federal programs supporting short-term housing and housing stabilization initiatives.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Philadelphia
- State
- Pennsylvania
- Longitude
- -75.1634
- Latitude
- 39.9751
