1532 S 2nd St, Philadelphia, PA 19147

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 … read more …