816 W Erie Ave, Philadelphia, PA 19140
- $225,000
- 1,408
- SqFt
- Sold Price
- $225,000
- List Price
- $225,000
- Closing Date
- Jul 16, 2026
- Status
- CLOSED
- MLS#
- PAPH2613072
- Living Area
- 1,408
- Lot Size (Acres)
- 0.03
- Style
- Traditional
- Year Built
- 1935
- County
- Philadelphia
- School District
- Philadelphia City
Property Description
Welcome to 816 W Erie Ave, a value-add triplex opportunity located in the Hunting Park section of Philadelphia. This property offers immediate income with two occupied 2-bedroom units and a partially completed basement space that has the potential to be finished into a 1-bedroom unit, allowing the cap rate to increase from approximately 6.3% to 8.1%. Zoned RM-1, the building allows a triplex by right and comes with plans for continued use as a three-unit property. Additional features include separate utilities and a semi-finished lower-level unit ready for final completion. This property presents a strong investment option or owner-occupant opportunity with value-added upside. Conveniently located near public transit and local amenities, this triplex is offered as-is and provides an excellent chance to expand or begin your rental portfolio.
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Additional Information
- Area
- 19140 (19140)
- Subdivision
- Hunting Park
- School District
- Philadelphia City
- Heating
- Electric Baseboard
- Cooling
- None
- Water
- Public
- Sewer
- Public Sewer
- Basement
- Partial
Mortgage Calculator
Listing courtesy of Keller Williams Main Line. Contact:
Selling Office: Giraldo Real Estate Group.