$489,999
For Sale by Owner $243/sq ft
Listed 4 months ago

Multi-Family for Sale in Philadelphia, PA

1427 W Ritner St, Philadelphia, PA 19145
Studio
0 Bath
2,016 sq ft
Built 1920
PropSlick Verified Data Key facts & insights for this exact address
$243
Price / sq ft
1920
Year Built
$4,385
Property Tax / yr
960 sf
Lot Size
Philadelphia
County

Key Facts

Property TypeMulti-Family
Year Built1920
Square Footage2,016 sq ft
Lot Size960 sq ft
Annual Property Tax$4,385
Price / SqFt$243

Property Description

A rare opportunity to buy in one of Philadelphia's most enduring and high-demand neighborhoods. This striking 3-story masonry rowhome occupies a corner position just one block off bustling Passyunk Avenue - one of South Philadelphia's most celebrated corridors, known for its award-winning restaurants, cafes, boutique shops, and locally owned businesses that keep foot traffic and rental demand consistently strong. Outdoor enthusiasts will appreciate the proximity to FDR Park, and commuters will love the quick access to the Broad Street Line and SEPTA, offering an easy ride to Center City, the stadiums, and major transit connections throughout the region. The building offers approximately 2,016 square feet above grade plus a basement and is currently generating income as a multi-unit investment property. Units were thoughtfully updated approximately 5 years ago - kitchens and baths vary by unit but reflect genuine investment, with highlights including stylish black and white subway tile baths and well-appointed kitchens with updated cabinetry and countertops. Electric is separately metered by unit, keeping operating costs lean and management straightforward. Current rents are well below market, giving a new owner significant upside potential from day one. Three one bedroom, one bathroom units, and two studio units. One studio unit with private side entrance. All but one unit are currently occupied with tenants on month-to-month leases, delivering immediate cash flow while affording a new owner complete flexibility to reposition, reconfigure, or re-tenant the property entirely on their own terms. Financials available upon request. Opportunities like this in this location don't come along often. Schedule your showing today! Seller will not make repairs. Buyer is responsible for Use & Occupancy certificate and all due diligence.

Listing description provided by the property owner. PropSlick is not responsible for the accuracy of listing descriptions or any claims made by property owners. PropSlick operates as an advertising platform under 47 U.S.C. 230. Report discriminatory content.

Amenities and Features

Heating

Property Location

Map shows approximate location. Exact address provided to serious inquirers upon contact.

Property Research
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Sale history, tax records, neighborhood appreciation, and investment analysis for this address.
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