About 1622 E Passyunk Ave
Amazing opportunity for an income producing multi unit building currently grossing roughly $50K (@5% Cap Rate) located in the heart of East Passyunk Ave! You cant go wrong with lots of sweat equity and potential for increased rents. On the Ave and centrally located to the singing fountain, Broad St Subway line and surrounded by restaurants, cafes, bars, shopping and much more. This property has all separate utilities and a functional layout! 1st flr. is tenant occupied thru 3/26 with private access to the rear yard and basement (w/ washer/dryer). Features a spacious living room and kitchen area with 1 large bedroom with walk-in closet and 1 hallway bathroom. 2nd flr. is occupied on month-month with 2 bedroom sand 1 bath. 3rd flr. will be vacant 8/1 with 2 Bedrooms, 1 Bathroom and balcony with amazing views.
Features of 1622 E Passyunk Ave
| MLS® # | PAPH2516846 |
|---|---|
| Price | $749,900 |
| Bathrooms | 0.00 |
| Square Footage | 2,484 |
| Acres | 0.03 |
| Year Built | 1915 |
| Type | Multi-Family |
| Sub-Type | Triplex, Interior Row/Townhouse |
| Style | Straight Thru |
| Status | Active |
Community Information
| Address | 1622 E Passyunk Ave |
|---|---|
| Area | 19148 |
| Subdivision | PASSYUNK SQUARE |
| City | PHILADELPHIA |
| County | PHILADELPHIA-PA |
| State | PA |
| Municipality | PHILADELPHIA |
| Zip Code | 19148 |
Amenities
| Is Waterfront | No |
|---|
Interior
| Heating | Baseboard - Hot Water |
|---|---|
| Cooling | Wall Unit |
| Has Basement | No |
| Fireplace | No |
Exterior
| Foundation | Brick/Mortar |
|---|
School Information
| District | PHILADELPHIA CITY |
|---|
Additional Information
| Date Listed | July 22nd, 2025 |
|---|---|
| Days on Market | 94 |
| Zoning | CMX25 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Alpha Realty Group |
|---|---|
| Contact Info | (215) 463-0777 |