1686 HARRISON ST, Philadelphia, PA 19124

2,240 sqft

other
Built in 1940
2,614sqft lot
—— car garage
$147/sqft
Listed 2 days ago

Property Description

1686 Harrison Street, a stabilized five-unit multifamily asset located in the Holmesburg section of Northeast Philadelphia. This well-maintained walk-up offers a balanced mix of tenant affordability and durable in-place cash flow, making it an attractive investment for first-time buyers or seasoned operators seeking low-maintenance yield. Priced at just $66,000 per unit, the asset provides strong day-one returns and the opportunity for future upside through light operational enhancements and rent adjustments. This property offers reliable returns and low-friction management. INVESTMENT HIGHLIGHTS: - Fully occupied and cash flowing at acquisition -Operating expenses at just 34.9% of income -Gross income of $44,460/ year with potential for modest rent increases -CAP Rate: 8.51% with Cash-on-Cash Return of 8.12% -Walking distance to SEPTA transit, retail, and regional employment

Listing Status:: Active
Listing Office:: Trophy Commercial Real Estate LLC : 2156085745
Listing Agent:: Saam Tashayyod : 2156085745
MLS ID:: PAPH2529392

A/C: Central A/C
Heating: Forced AirElectric
Disability Feature: Other

This listing courtesy of Saam Tashayyod, Trophy Commercial Real Estate LLC

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

John Marshall Elementary School

4500 Griscom St, Philadelphia, PA, 19124

Grades KG-5

0.49 miles away

Warren G. Harding Middle School

2000 Wakeling St, Philadelphia, PA, 19124

Grades 6-8

0.41 miles away

Frankford High School

5000 Oxford Ave, Philadelphia, PA, 19124

Grades 9-12

0.43 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.