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2,226 sqft

$364,900

1627 N 56TH STREET, PHILADELPHIA PA, 19131

Price per sqft$163.93
Built in1915
Property size2,226 sqft
Property typeMulti-family

Overview

Active

Active-bright

Listed Oct 6, 2026

Updated 17h ago

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.

$2,428/mo

Est. mortgage payment based on a $364,900 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
PAPH2666240

Interior Features

Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.04 Acres

Other Property Details

Taxes
$3,047
Tax Frequency
Annually
MLS provider logo

Listed by Tesla Realty Group, LLC
Listing Contact: 6109308993 

The IDX display contains information sourced from the Bright MLS, Inc. as of 10/7/2026. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

©2026 Bright MLS, Inc. all rights reserved.

Data last updated on 10/7/2026 at 3:51 AM UTC

 

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