$364,900
 $1,959 est/mo Sourced by Back At You

1627 N 56th St,PHILADELPHIA, PA 19131

PHILADELPHIA, PA 19131

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Description

Income-Producing Triplex in Overbrook Park | Newly Renovated 2nd Floor Kitchen, Ready for Its Next Tenant This three-unit property has three 2-bedroom apartments and a current rental license, and it's ready for an investor to step in and grow its income. Current Rents:2nd Floor (2BR): $1,700/month - recently vacated, newly renovated kitchen1st Floor (2BR): $1,650/month - reliable PHA tenantLower Level (2BR): $1,450/month - reliable PHA tenantTotal: $4,800/month Upside Potential:All three units currently rent below the PHA payment standard. Current PHA standards show up to $2,010/month for a 2-bedroom, which could bring potential gross rent to about $6,030/month once the building is fully leased at updated rates. Increases for the PHA units are subject to PHA approval. Features:On-site laundry machinesUpdated fire alarm systemCurrent rental licenseVacant 2nd floor ready to lease at market rate Leases are available on request. The property is sold as-is, where-is. The seller will consider cash, hard money, and conventional financing. Inspections are for informational purposes only.

Details

MLS #PAPH2666240
Listing TypeFor Sale
Sub-TypeResale
StatusActive Under Contract-bright
Year1915
Days On Site49
Listing Provided ByTesla Realty Group, LLC | Kinny Peterkin

Features

SQ Feet2,226
BasementY
Units3
ZoningRM1
Acreage0.04

Interior

CoolingWindow Unit(s)
Heating Yes / NoYes
HeatingBaseboard - Electric

Exterior

Construction MaterialsMasonry
Foundation DetailsBrick/Mortar

Parking

Garage Yes / NoNo

Taxes

Tax Annual Amount3047

Area Information

StatePA
CountyPHILADELPHIA PA
CityPHILADELPHIA
Zip Code19131
Area19131 (19131)
Community NameOVERBROOK PARK
School DistrictPHILADELPHIA CITY
Listing VS Median (in OVERBROOK PARK)
Price:
$364,900
low | high
Med:
$273,000
75.184982186901% of Average
sqft:
2,226
low | high
Med:
1,120
99.685534591195% of Average
$ / sqft:
$164
low | high
Med:
$244
2% of Average
On site:
49
low | high
Med:
63
77.777777777778% of Average
Sourced by Back At You

Market Activity 19131

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Contact

Learn More About This Property

Tim Murphy

Tim Murphy

Class Harlan Real Estate

 (267) 769-9682timmurphycares@gmail.com
StatePA
CountyPHILADELPHIA PA
CityPHILADELPHIA
Zip Code19131
Area19131 (19131)
Community NameOVERBROOK PARK
School DistrictPHILADELPHIA CITY
Listing VS Median (in OVERBROOK PARK)
Price:
$364,900
low | high
Med:
$273,000
75.184982186901% of Average
sqft:
2,226
low | high
Med:
1,120
99.685534591195% of Average
$ / sqft:
$164
low | high
Med:
$244
2% of Average
On site:
49
low | high
Med:
63
77.777777777778% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $273K - $456K
sqft: 1,500 - 2,500
Nearby Listings Property ImageNearby Listings Details
5556 LANSDOWNE AVE Property Photo 1
$399,900
5556 Lansdowne Ave
Philadelphia, PA 19131
Listing Updated: October 21, 2026 at 2:07:36 PM PDT