2600 Reed St Philadelphia, PA 19146
This exceptional investment opportunity presents three brand-new duplexes (six total units) located on Reed Street in Philadelphia's desirable Point Breeze neighborhood. These Class A properties, built in 2024, boast a total of 8,644 square feet on a 2,800 square foot lot, offering a compelling price per square foot of $271.86 and a price per unit of $391,666.67. Each duplex features two units, each with three bedrooms and three bathrooms. High-end finishes include quartz countertops and stainless steel appliances. Unit #1 in each duplex includes a large backyard, while Unit #2 boasts a private roof deck. The property benefits from a 10-year tax abatement. Conveniently located near Wharton Square Park, Center City, and Passyunk Square, residents enjoy easy access to public transportation (bus routes 7 and 29), local amenities, and vibrant neighborhood life. This fee-simple ownership offers a stabilized multifamily investment with significant potential for long-term growth. The permitted zoning is multi-family, ensuring future flexibility. This is a rare opportunity to acquire a portfolio of six units in a prime location, offering both immediate income and substantial appreciation potential. The property is offered at an asking price of $2,350,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.