1532 S 2ND ST Coming Soon Save Request In-Person Tour Request Virtual Tour
Philadelphia,PA 19147
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Coming Soon
Purchase Type For Sale
MLS Listing ID PAPH2549470
Year Built 1915
Available Date 2025-10-23
Annual Tax Amount $2,910
Tax Year 2025
Lot Size 1,307 Sqft
Acres 0.03
Property Sub-Type Mixed Use
Source BRIGHT
Property 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!
Location
State PA
County Philadelphia
Area 19147 (19147)
Zoning RSA5
Interior
Hot Water Natural Gas
Heating Heat Pump(s)
Cooling None
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Cistern
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 871500950
Ownership Fee Simple
Special Listing Condition Standard