SQUARE FEET4,568
MLS#PAPH2605536
STATUSACTIVE
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONFRANCISVILLE
SCHOOLPHILADELPHIA CITY
Property Description
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.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Daylight, Full, Full, Fully Finished
Cooling: Central A/C
Fuel Type: Electric
Heating: 90% Forced Air
Home Style: Contemporary
Lot Size: 0.00 Acre(S)
Roof Type: Fiberglass, Flat
Taxes: $3,122
Year Built: 2019
Feature Descriptions
Additional Structures: Above Grade, Below Grade
Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer - Electric, Energy Efficient Appliances, Intercom, Microwave, Oven - Self Cleaning, Oven/Range - Electric, Stainless Steel Appliances, Stove, Washer
Exterior: Masonry, Advanced Framing, Brick, Concrete
Exterior: Roof Deck, Sidewalks, Street Lights
Flooring: Ceramic Tile, Hardwood
Interior: Combination Kitchen/Living, Primary Bath(s), Sprinkler System, Recessed Lighting, Bathroom - Stall Shower, Upgraded Countertops, Wood Floors, Bathroom - Walk-In Shower, Pantry, Walk-in Closet(s)
Location: Corner Lot/Unit
Lot: Corner
Lot Dimensions: 0.00 Acre(S)
Municipality: PHILADELPHIA
Sewer: Public Sewer
Special View Info: City
Structure Type: End of Row/Townhouse
Three Bedroom Units: 1
Two Bedroom Units: 2
Units: 3
Water: Public
Windows: Casement, Energy Efficient
Local Schools
School District: PHILADELPHIA CITY
Listed By / Shown By
Listed By
Agency Name: Philadelphia Realty Exchange
Agency Phone: 2155456111
Shown By
Agent Name: Julian Smith
Agent Phone: Cell: (484) 772-5070
Agency Title: Berkshire Hathaway HomeServices Homesale Realty
First AmericanEstimate Your Payment
Estimated Payment
$ 3,595.50 per month $2,948.88 Principal & Interest $260.17 Property Tax $386.46 Homeowner's Insurance
Corporate Office - 215 S Centerville Rd. Lancaster, PA 17603
1642 Cambridge Street | MLS# PAPH2605536
This multi-family property located at 1642 Cambridge Street, Philadelphia, PA 19130 is currently listed for sale with an asking price of $1,325,000. Cambridge Street is located within the PHILADELPHIA CITY school district. Search Philadelphia real estate on www.juliansmithrealtor.com today.