Pennsylvania
Philadelphia
1622 E PASSYUNK AVE

$769,900

1622 E PASSYUNK AVE, Philadelphia, PA 19148

2,484 sqft

Triplex
Built in 1915
1,307sqft lot
—— car garage
$310/sqft
Listed 1 month ago

Property Description

Amazing opportunity for an income producing multi unit building currently grossing roughly $50K (@5% Cap Rate) located in the heart of East Passyunk Ave! You cant go wrong with lots of sweat equity and potential for increased rents. On the Ave and centrally located to the singing fountain, Broad St Subway line and surrounded by restaurants, cafes, bars, shopping and much more. This property has all separate utilities and a functional layout! 1st flr. is tenant occupied thru 3/26 with private access to the rear yard and basement (w/ washer/dryer). Features a spacious living room and kitchen area with 1 large bedroom with walk-in closet and 1 hallway bathroom. 2nd flr. is occupied on month-month with 2 bedroom sand 1 bath. 3rd flr. will be vacant 8/1 with 2 Bedrooms, 1 Bathroom and balcony with amazing views.

Listing Status:: Active
Date Added:: July 22, 2025 at 05:00AM
Listing Office:: Alpha Realty Group : 2154630777
Listing Agent:: Michael A Esposito Jr. : 2156519657
MLS ID:: PAPH2516846

A/C: Wall Unit
Heating: Baseboard - Hot WaterNatural Gas
Disability Feature: None

This listing courtesy of Michael A Esposito Jr., Alpha Realty Group

Monthly Payment

$Est. Payment

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

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Location

Schools Nearby

Southwark School

1835 S 9th St, Philadelphia, PA, 19148

Grades KG-8

0.31 miles away

Southwark School

1835 S 9th St, Philadelphia, PA, 19148

Grades KG-8

0.31 miles away

South Philadelphia High School

2101 S Broad St, Philadelphia, PA, 19148

Grades 9-12

0.47 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.