1642 Cambridge St, Philadelphia, PA 19130
- $1,149,000
- 4,568
- SqFt
- List Price
- $1,149,000
- Price Change
- ▼ $176,000 1779416535
- Days on Market
- 125
- Status
- ACTIVE
- MLS#
- PAPH2605536
- Living Area
- 4,568
- Style
- Contemporary
- Year Built
- 2019
- County
- Philadelphia
- School District
- Philadelphia City
Property Description
High-Income 3-Unit Investment Opportunity in Francisville | Built 2019 | Tax Abatement Turnkey triplex generating $6,495+ per month in projected rental income, located in the rapidly growing Francisville section of Philadelphia. Built in 2019, this modern multi-family property offers strong in-place income, low maintenance, and approximately 4 years remaining on a tax abatement, helping maximize cash flow. Ideal for investors or owner-occupants One unit is currently vacant, creating an immediate opportunity to house hack or lease at market rent. Property Breakdown: Unit A, Bi-Level, 4 Bed, 3 Bath Spacious private-entry unit with open living area, patio access, and in-unit laundry. Currently rented at $2,450/month through April 2027. Unit B, 2 Bed, 2 Bath Open layout with bedrooms on opposite ends, each with walk-in closets and bathroom access. Vacant, projected rent $1,995/month. Unit C, 2 Bed, 2 Bath + Roof Deck Split-bedroom design with private rooftop access and city views. Currently rented at $2,150/month through November 2026. Investment Highlights: Projected gross income: $77,940+ annually Tenants pay most utilities (low expense structure) Modern construction, built 2019 High bedroom-to-bath ratio increases rental demand Multiple rental strategies, long-term, roommate-style, or mid-term Located minutes from Center City, Temple University, major hospitals, and public transportation, this property sits in a high-demand rental corridor with continued neighborhood growth and strong tenant demand. Strong existing leases, modern layouts, and long-term upside make this a compelling addition to any portfolio. Disclaimer: Information is deemed reliable but not guaranteed. Buyer to verify all details including tax abatement, income, zoning, and square footage. This is not legal or financial advice.
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Additional Information
- Area
- 19130 (19130)
- Subdivision
- Francisville
- Taxes
- $3122
- Interior Features
- Combination Kitchen/Living, Primary Bath(s), Sprinkler System, Recessed Lighting, Bathroom - Stall Shower, Upgraded Countertops, Wood Floors, Bathroom - Walk-In Shower, Pantry, Walk-in Closet(s)
- School District
- Philadelphia City
- Flooring
- Ceramic Tile, Hardwood
- Exterior Features
- Roof Deck, Sidewalks, Street Lights
- View
- City
- Heating
- 90% Forced Air
- Heating Fuel
- Electric
- Cooling
- Central A/C
- Roof
- Fiberglass, Flat
- Water
- Public
- Sewer
- Public Sewer
- Basement
- Yes
Mortgage Calculator
Listing courtesy of Philadelphia Realty Exchange. Contact: 2155456111