1518 E PASSYUNK AVE, Philadelphia, PA 19147
1518 E PASSYUNK AVE, Philadelphia, PA 19147
1518 E PASSYUNK AVE, Philadelphia, PA 19147
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Listed by Jim Onesti • KW Empower
$795,000
Est. payment /mo
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1,190 Sqft Lot
New

1518 E PASSYUNK AVE Philadelphia, PA 19147

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Zack Grimmer

Zack Grimmer

+1(215) 667-0238

UPDATED:

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

Subdivision Passyunk Square

MLS Listing ID PAPH2687324

Year Built 1920

Annual Tax Amount $9,030

Tax Year 2026

Lot Size 1,190 Sqft

Acres 0.03

Property Sub-Type Five Or More Units

Source BRIGHT

Property Description

Excellent investment opportunity in the heart of East Passyunk! Located at 1518 E. Passyunk Avenue, this updated, fully leased multi-family property offers multiple residential units in one of South Philadelphia's most desirable and vibrant neighborhoods. The property presents one-bedroom apartments, with updated kitchens featuring white cabinetry, modern bathrooms with subway tile, stainless-steel appliances and durable vinyl plank flooring. The building also includes a full basement with a utility area, tenant storage closets, and separate coin-operated laundry facilities. The property is fully leased, currently generating approximately $72,105 in annual rental income, plus additional laundry income, and almost immediate potential to increase rents. Ideally situated just steps from the iconic Passyunk Square fountain, Black & Brew, and the many popular restaurants, cafés, boutiques, and neighborhood attractions along East Passyunk Avenue. This highly walkable location offers convenient access to public transportation, Center City, and surrounding neighborhoods. Whether you're looking to expand your investment portfolio or acquire an income-producing property in a sought-after rental location, this property presents an excellent opportunity to invest in the continued appeal and growth of East Passyunk. Schedule your showing today!

Location

State PA

County Philadelphia

Area 19147 (19147)

Zoning CMX2.5

Interior

Hot Water Natural Gas

Heating Baseboard - Hot Water

Cooling None

Heat Source Natural Gas

Exterior

Water Access N

Accessibility None

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 881133051

Ownership Fee Simple

Special Listing Condition Standard

Bright MLS (BMLS)

NEARBY SCHOOL & BUSINESS

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Zack Grimmer

Zack Grimmer

Associate Broker | Team Leader | REALTOR | Mortgage Loan Officer License ID: RS346782 | 1973175 | BK359849

+1(215) 667-0238

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1518 E PASSYUNK AVE