261 High St Philadelphia, PA 19144
- Small apartment buildings
- 7,300 SF
Current Use by Public Records
- Stephanie Nolt Photography / Photographer / Portrait Studio
Property Details for 261 High St
- Property size
- 7,300 SF
- Property type
- Small apartment buildings
Description
This exceptional investment opportunity presents a six-unit multifamily property situated in Philadelphia's vibrant Germantown neighborhood at 261 E. High Street. The 7,300 square foot property comprises two detached homes, offering a unique blend of historical charm and modern investment potential. The main structure, a stunning Victorian home, features a breathtaking three-bedroom, bi-level unit with preserved original woodwork and flooring. This unit presents a versatile option, potentially suitable for conversion into a high-yield Airbnb or owner occupancy upon lease expiration. Five additional units are located within the Victorian property. A sixth, detached three-bedroom unit, boasting a spacious open layout, sits behind the main house. Both detached homes include access to two separate garages currently generating rental income, along with ample parking for tenants. The property's prime location offers easy access to public transportation, schools, and shopping centers, ensuring a strong tenant pool. This well-maintained property, with its spacious living areas and significant curb appeal, promises steady rental income and substantial appreciation potential. Detailed financial projections are available upon request. This is a rare opportunity to acquire a substantial multifamily property in a desirable Philadelphia location.
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
- -75.1744919
- Latitude
- 40.043003
