2532-38 ALTER ST, Philadelphia, PA 19146
2532-38 ALTER ST, Philadelphia, PA 19146
2532-38 ALTER ST, Philadelphia, PA 19146
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Listed by Billie Motto • Realty Management Works LLC
$2,600,000
Est. payment /mo
2,094 SqFt
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Key Details

Property Type Multi-Family, Townhouse

Sub Type Interior Row/Townhouse

Listing Status Active

Purchase Type For Sale

Square Footage 2,094 sqft

Price per Sqft $1,241

MLS Listing ID PAPH2652854

Style Contemporary,Traditional

Abv Grd Liv Area 2,094

Year Built 2018

Annual Tax Amount $7,139

Tax Year 2027

Lot Size 871 Sqft

Acres 0.02

Property Sub-Type Interior Row/Townhouse

Source BRIGHT

Property Description

Rare opportunity to acquire a portfolio of four newer-construction duplexes offered together in one of Philadelphia's fastest-growing neighborhoods. Built between 2019 and 2021, these low-maintenance investment properties are being sold as a portfolio, with a minimum purchase of three duplexes required, offering excellent scalability for investors looking to expand their holdings.

Each duplex consists of two well-appointed units:

The upper unit features 2 bedrooms, 2.5 bathrooms, a spacious 21-foot-wide open-concept layout, hardwood flooring throughout, quartz countertops, stainless steel appliances, a full-size in-unit washer and dryer, generously sized bedrooms, a primary suite with an en-suite bath, and exclusive access to a private rooftop deck.

The lower unit offers 2 bedrooms and 2 bathrooms with an open floor plan, hardwood floors, abundant natural light, a modern kitchen with white cabinetry, quartz countertops, stainless steel appliances, a full-size in-unit washer and dryer, spacious bedrooms, a primary suite with an en-suite bath, and a private rear patio.

This fully leased portfolio has experienced consistently high occupancy with an exceptionally low vacancy rate, providing immediate, reliable cash flow. Current rent roll and lease terms are available upon request.

Ideally located just minutes from the University of Pennsylvania, Drexel University, and Center City, the properties are convenient to Philadelphia's top employers, restaurants, shopping, and cultural attractions.

Generating $192,600 in gross annual rental income, this turnkey portfolio combines strong in-place cash flow, newer construction, low maintenance, and long-term appreciation potential. Whether you're completing a 1031 exchange or looking to scale your multifamily portfolio, this is an exceptional opportunity to acquire multiple stabilized assets in a single transaction.

Location

State PA

County Philadelphia

Area 19146 (19146)

Zoning RM1

Rooms

Basement Full

Interior

Hot Water Natural Gas

Cooling Central A/C

Heat Source Natural Gas

Exterior

Water Access N

Accessibility None

Garage N

Private Pool No

Building

Foundation Brick/Mortar

Above Ground Finished SqFt 2094

Sewer Public Septic

Water Public

Architectural Style Contemporary, Traditional

Additional Building Above Grade

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 361232105

Ownership Fee Simple

SqFt Source 2094

Special Listing Condition Standard


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Ben Grande

Ben Grande

+1(610) 780-2857

REALTOR® | License ID: RS270219

REALTOR® License ID: RS270219

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