1642 Cambridge St, Philadelphia, PA 19130
Local realty services provided by:Better Homes and Gardens Real Estate Murphy & Co.
1642 Cambridge St,Philadelphia, PA 19130
$1,149,000
- 7 Beds
- - Baths
- 4,568 sq. ft.
- Multi-family
- Active
Listed by: tykey m jackson, donna l walker-bey
Office: philadelphia realty exchange
MLS#:PAPH2605536
Source:BRIGHTMLS
Price summary
- Price:$1,149,000
- Price per sq. ft.:$251.53
About this home
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....
Contact an agent
Home facts
- Year built:2019
- Listing ID #:PAPH2605536
- Added:45 day(s) ago
- Updated:May 24, 2026 at 01:31 PM
Rooms and interior
- Bedrooms:7
- Flooring:Ceramic Tile, Hardwood
- Kitchen Description:Built-In Microwave, Combination Kitchen/Living, Dishwasher, Disposal, Energy Efficient Appliances, Microwave, Oven - Self Cleaning, Oven/Range - Electric, Pantry, Recessed Lighting, Stainless Steel Appliances, Stove, Upgraded Countertops
- Basement:Yes
- Basement Description:Daylight, Full, Fully Finished
- Living area:4,568 sq. ft.
Heating and cooling
- Cooling:Central A/C
- Heating:90% Forced Air, Electric
Structure and exterior
- Roof:Fiberglass, Flat
- Year built:2019
- Building area:4,568 sq. ft.
- Lot Features:Corner, Corner Lot/Unit
- Architectural Style:Contemporary
- Construction Materials:Advanced Framing, Brick, Concrete, Masonry
- Exterior Features:Patio(s), Roof, Sidewalks, Street Lights
- Foundation Description:Concrete Perimeter
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,149,000
- Price per sq. ft.:$251.53
- Tax amount:$3,122 (2026)
Features and amenities
- Amenities:Intercom, Recessed Lighting, Sprinkler System
Parking
- Parking description:On Street
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