Condominium Philadelphia

West Philly Owner Occupant or Investor Special. Live on the first floor, generate income collecting rents from two other units to supplement expenses. Beautiful, well-maintained legally zoned triplex in Cedar Park, offering immediate income along with meaningful recent improvements. The property features three one-bedroom, one-bath units located on the basement, first and second floors. Each unit has its own entrance and independent heating and cooling. Residents also enjoy a shared rear yard and common laundry area—features tenants appreciate for both convenience and the property’s sense of community. The property is fully occupied, with current monthly rents of $1,330, $1,400 and the first floor, generating $4,000 per month and $48,000 annually. It is registered for three dwelling units under Use Permit No. 485482. The tenant in unit A will not be renewing and leaving the space available for an owner occupant opportunity. The owner has made substantial investments in the property, including a new sewer lateral from the city main in 2025; updated HVAC systems and water heaters; renovated kitchens and bathrooms in Units B and C; and a new 200-amp electrical service line. Additional 2026 work includes roof coating and edge cement, along with repairs to the rear siding and capping. The washer and dryer in the common laundry area were replaced in 2024. This is a strong opportunity for an investor looking for established rental income or an owner-occupant who wants to offset housing expenses with rent from the other two units. The property is being sold subject to the existing leases. Located just off the 52nd Street commercial corridor and steps from Malcolm X Park, the property offers convenient access to neighborhood shops, restaurants and services. SEPTA Routes 21, 42 and 52, along with the Market-Frankford Line at 52nd Street, provide connections through University City and Center City. The University of Pennsylvania, Drexel University, Penn Medicine and Children’s Hospital of Philadelphia are readily accessible, while nearby Spruce and Pine Street bike lanes offer an additional east-west route. The restaurants and businesses along Baltimore Avenue are also nearby.

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