1516 Arrott St, Philadelphia, PA 19124
Local realty services provided by:Better Homes and Gardens Real Estate Valley Partners
Listed by: maria maria quattrone quattrone
Office: lpt realty, llc.
MLS#:PAPH2661824
Source:BRIGHTMLS
Price summary
- Price:$250,000
- Price per sq. ft.:$110.23
About this home
Live in One, Rent the Rest: Frankford Quadruplex with CRA Financing and $15,000 in Credits.
House hack alert. This property qualifies for CRA financing with just 3% down, no PMI, and an interest rate lower than FHA. Stack a $5,000 lender credit with the Philly First Home $10,000 grant, applied to closing costs or prepaids, and an owner occupant can step into an income producing building for a fraction of what most buyers spend on a single family home. The buyer must occupy the property as their primary residence to qualify.
Welcome to a rare multi unit opportunity in the heart of Frankford. This three story brick twin has 4 units with one studio and three one bedroom units, each with its own full bathroom. One front entrance and two side entrances keep resident access simple and private, accessible from the rear of the first floor unit, adds storage or expansion potential.
Two units are rented and two are vacant, giving a new owner immediate income plus the flexibility to move in, renovate, or lease at market rates. Total rental potential is approximately $3,000 per month, and the fully renovated building next door shows exactly where this corridor is heading.
Frankford keeps you connected: the Market Frankford Line and the Frankford Transportation Center put Center City within easy reach, with shopping and dining along Frankford Avenue nearby. Occupied units require 24 hour notice for showings.
Whether you are an owner occupant looking to live nearly payment free or an investor adding a value add asset, this one checks the boxes. Schedule your private showing today....
Contact an agent
Home facts
- Year built:1935
- Subdivision & Development:FRANKFORD
- Listing ID #:PAPH2661824
- Updated:September 09, 2026 at 01:45 AM
Rooms and interior
- Bedrooms:3
- Basement:Yes
- Basement Description:Full
- Living area:2,268 sq. ft.
Heating and cooling
- Heating:Forced Air, Natural Gas
Structure and exterior
- Year built:1935
- Building area:2,268 sq. ft.
- Lot area:0.05 Acres
- Lot Features:Urban
- Architectural Style:Colonial
- Construction Materials:Masonry
- Exterior Features:Sidewalks, Street Lights
- Foundation Description:Stone
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$250,000
- Price per sq. ft.:$110.23
- Tax amount:$2,658 (2026)
Parking
- Parking description:On Street
New listings near 1516 Arrott St
- Coming Soon
$345,000Coming Soon1 beds 1 baths850 sq. ft.241 S 6th St #1106c, PHILADELPHIA, PA 19106
MLS# PAPH2668060Listed by: FUSION PHL REALTY, LLC - Coming Soon
$299,900Coming Soon3 beds 2 baths1,740 sq. ft.7229 Shearwater, PHILADELPHIA, PA 19153
MLS# PAPH2668502Listed by: HOME LINE REALTY CORP - Coming Soon
$600,000Coming Soon3 beds 3 baths2,268 sq. ft.1629 Ellsworth, PHILADELPHIA, PA 19146
MLS# PAPH2666794Listed by: KW EMPOWER - Coming Soon
$695,000Coming Soon3 beds 3 baths2,096 sq. ft.2 Tohopeka Ln, PHILADELPHIA, PA 19118
MLS# PAPH2666898Listed by: KURFISS SOTHEBY'S INTERNATIONAL REALTY - Coming Soon
$445,000Coming Soon3 beds 3 baths1,685 sq. ft.1927 E Letterly St, PHILADELPHIA, PA 19125
MLS# PAPH2667892Listed by: ELFANT WISSAHICKON REALTORS - Coming Soon
$374,900Coming Soon1 beds 2 baths1,248 sq. ft.314-18 Brown St #207, PHILADELPHIA, PA 19123
MLS# PAPH2623246Listed by: COMPASS PENNSYLVANIA, LLC - Coming SoonOpen Sun, 11am to 12:30pm
$800,000Coming Soon3 beds 3 baths2,230 sq. ft.752 N 24th St, PHILADELPHIA, PA 19130
MLS# PAPH2665166Listed by: ELFANT WISSAHICKON-RITTENHOUSE SQUARE - Coming Soon
$339,900Coming Soon3 beds -- baths2,160 sq. ft.3113 Frankford Ave, PHILADELPHIA, PA 19134
MLS# PAPH2667654Listed by: REALTY MARK ASSOCIATES - Coming SoonOpen Sat, 12 to 1:30pm
$439,000Coming Soon1 beds 1 baths834 sq. ft.700 Commodore Ct #2727, PHILADELPHIA, PA 19146
MLS# PAPH2668042Listed by: FUSION PHL REALTY, LLC