1627 N 56th St, Philadelphia, PA 19131
Local realty services provided by:Better Homes and Gardens Real Estate Realty Connect
1627 N 56th St,Philadelphia, PA 19131
$364,900
- 6 Beds
- - Baths
- 2,226 sq. ft.
- Multi-family
- Pending
Listed by: kinny peterkin
Office: tesla realty group, llc.
MLS#:PAPH2666240
Source:BRIGHTMLS
Price summary
- Price:$364,900
- Price per sq. ft.:$163.93
About this home
Income-Producing Triplex in Overbrook Park | Newly Renovated 2nd Floor Kitchen, Ready for Its Next Tenant
This three-unit property has three 2-bedroom apartments and a current rental license, and it's ready for an investor to step in and grow its income.
Current Rents:
2nd Floor (2BR): $1,700/month – recently vacated, newly renovated kitchen
1st Floor (2BR): $1,650/month – reliable PHA tenant
Lower Level (2BR): $1,450/month – reliable PHA tenant
Total: $4,800/month
Upside Potential:
All three units currently rent below the PHA payment standard. Current PHA standards show up to $2,010/month for a 2-bedroom, which could bring potential gross rent to about $6,030/month once the building is fully leased at updated rates. Increases for the PHA units are subject to PHA approval.
Features:
On-site laundry machines
Updated fire alarm system
Current rental license
Vacant 2nd floor ready to lease at market rate
Leases are available on request. The property is sold as-is, where-is. The seller will consider cash, hard money, and conventional financing. Inspections are for informational purposes only....
Contact an agent
Home facts
- Year built:1915
- Subdivision & Development:OVERBROOK PARK
- Listing ID #:PAPH2666240
- Added:66 day(s) ago
- Updated:November 08, 2026 at 09:00 AM
Rooms and interior
- Bedrooms:6
- Basement:Yes
- Basement Description:Interior Access
- Living area:2,226 sq. ft.
Heating and cooling
- Cooling:Window Unit(s)
- Heating:Baseboard - Electric, Electric
Structure and exterior
- Year built:1915
- Building area:2,226 sq. ft.
- Lot area:0.04 Acres
- Architectural Style:Traditional
- Construction Materials:Masonry
- Foundation Description:Brick/Mortar
Utilities
- Water:Public
- Sewer:Public Septic
Finances and disclosures
- Price:$364,900
- Price per sq. ft.:$163.93
- Tax amount:$3,047 (2026)
Parking
- Parking description:On Street
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