257 46Th St Philadelphia, PA 19139
- Commercial real estate
- 6,000 SF
Current Use by Public Records
- Commercial real estate
Property Details for 257 46Th St
- Property size
- 6,000 SF
- Property type
- Commercial real estate
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Philadelphia
- State
- Pennsylvania
- Longitude
- -75.2137712
- Latitude
- 39.9536163
