2532-38 Alter St,PHILADELPHIA, PA 19146
PHILADELPHIA, PA 19146
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.
Details
| MLS # | PAPH2652854 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active-bright |
| Year | 2018 |
| Days On Site | 80 |
| Listing Provided By | Realty Management Works LLC | Billie Motto |
Features
| SQ Feet | 2,094 |
|---|---|
| Basement | Y |
| Units | 2 |
| Zoning | RM1 |
| Acreage | 0.02 |
Interior
| Cooling | Central A/C |
|---|---|
| Heating Yes / No | Yes |
| Heating | 90% Forced Air |
Exterior
| Construction Materials | Brick, Block |
|---|---|
| Foundation Details | Brick/Mortar |
Parking
| Garage Yes / No | No |
|---|
Taxes
| Tax Annual Amount | 7139 |
|---|
Area Information
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19146 |
| Area | 19146 (19146) |
| School District | THE SCHOOL DISTRICT OF PHILADELP |
| Listing VS Median (in 19146) | |
Price: $2,600,000 low | high Med: $335,000 sqft: 2,094 low | high Med: 959 $ / sqft: $1,242 low | high Med: $349 On site: 80 low | high Med: 36 | |
Market Activity 19146
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Learn More About This Property
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19146 |
| Area | 19146 (19146) |
| School District | THE SCHOOL DISTRICT OF PHILADELP |
| Listing VS Median (in 19146) | |
Price: $2,600,000 low | high Med: $335,000 sqft: 2,094 low | high Med: 959 $ / sqft: $1,242 low | high Med: $349 On site: 80 low | high Med: 36 | |