540 Edgley St,PHILADELPHIA, PA 19122
PHILADELPHIA, PA 19122
Description
Welcome to 540 Edgley St, a beautifully designed newer construction home located in the rapidly developing Norris Square / Ludlow corridor of Philadelphia. This modern residence presents an exceptional opportunity for both homeowners and investors seeking strong long-term upside in one of the city's most active growth markets. Surrounded by ongoing redevelopment, increasing rental demand, and continued neighborhood appreciation, the property is ideally positioned just minutes from Temple University, where the surrounding area continues to see consistent demand from students, young professionals, and renters seeking modern housing close to campus, transit, and Center City. Offering approximately 1,400 square feet of thoughtfully designed living space, the home features the flexibility for three full bedrooms, including a fully finished basement that can easily function as an additional bedroom suite with its own en-suite bathroom. The main living level features an open-concept layout with spacious living and dining areas flowing seamlessly into a modern chef's kitchen, creating an ideal setup for both entertaining and everyday living. The property includes two full bathrooms and one half bathroom, along with custom closet solutions throughout the home for added functionality and convenience. Outdoor living is another standout feature, with both a private rear yard and a spacious roof deck perfect for entertaining, relaxing, or enjoying skyline views. Additional highlights include dual-zone HVAC systems for year-round comfort and ample nearby street parking. For investors, this property is especially attractive due to the new full 10-year tax abatement with a little over six years remaining, significantly reducing ownership expenses and enhancing overall cash flow potential. The property is currently occupied by a PHA-backed tenant paying $2,061 per month while also covering all utilities, providing stable, government-backed income with minimal landlord expense responsibility. Combined with strong rental demand driven by nearby Temple-area housing needs and continued investment throughout Norris Square and Ludlow, 540 Edgley St offers a rare opportunity to acquire a modern, low-maintenance asset positioned for long-term appreciation and stable rental performance in one of Philadelphia's fastest-growing residential corridors.
Details
| MLS # | PAPH2674214 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| Sub-Type | Resale |
| Status | Active-bright |
| Year | 2023 |
| Days On Site | 18 |
| Listing Provided By | BHHS Fox & Roach-Center City Walnut | ERIC Andrew Dvotsky |
Features
| Bed(s) | 3 |
|---|---|
| Bath(s) | 3 Total |
| SQ Feet | 1,470 |
| Basement | Y |
| Story(s) | 3 |
| Zoning | RSA5 |
| Acreage | 0.01 |
Interior
| Cooling | Central A/C |
|---|---|
| Heating Yes / No | Yes |
| Heating | Central |
Exterior
| Construction Materials | Brick Front |
|---|---|
| Foundation Details | Slab |
Parking
| Garage Yes / No | No |
|---|
Taxes
| Tax Annual Amount | 1738 |
|---|
Area Information
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19122 |
| Area | 19122 (19122) |
| Community Name | LUDLOW |
| School District | PHILADELPHIA CITY |
| Listing VS Median (in LUDLOW) | |
Price: $349,900 low | high Med: $1,600 sqft: 1,470 low | high Med: 600 $ / sqft: $238 low | high Med: $3 On site: 18 low | high Med: 131.5 | |
Market Activity 19122
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Learn More About This Property
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19122 |
| Area | 19122 (19122) |
| Community Name | LUDLOW |
| School District | PHILADELPHIA CITY |
| Listing VS Median (in LUDLOW) | |
Price: $349,900 low | high Med: $1,600 sqft: 1,470 low | high Med: 600 $ / sqft: $238 low | high Med: $3 On site: 18 low | high Med: 131.5 | |