Description
Rarely Offered Pennsport Quadplex – Cash Flow + Value-Add Opportunity! Discover this cash-flowing 4-unit multifamily building on the iconic “2 Street” in Pennsport, one of South Philadelphia’s most desirable and fastest-growing neighborhoods. Property Highlights: Legal Quadplex – Zoned for 4 units, with 4 active rental licenses in hand Value-Add Upside – Currently configured as 5 units (2 fully renovated, 2 with long-term month-to-month tenants paying below-market rents) Bonus 5th Unit – Endless potential! Option 1: Use as management office, tenant laundry, or storage space Option 2: Combine 2 units to create a larger premium rental within quadplex zoning At just $137,000 per unit, this property is well below replacement cost and offers significant upside through renovations and rent increases. Once fully updated, this building easily supports a projected value north of $800,000+. Perfect for both buy-and-hold investors and value-add multifamily operators, this is a rare chance to own a stabilized asset in one of Philadelphia’s most vibrant neighborhoods—steps from restaurants, shops, parks, and public transit. ✅ The numbers work. ✅ Prime location. ✅ Tons of upside. Bring your offers and start building wealth today!
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Neighborhood & Market Insights
This property is 32.9% above the current neighborhood median.
The schools block is active and ready for district, ratings, and assigned-school provider data.
-37.2% modeled change across available points
- Principal and Interest
- Property Tax
- HOA fee
