Amazing opportunity for an income producing multi unit building currently grossing roughly $50K (@5% Cap Rate) located in the heart of East Passyunk Ave! You cant go wrong with lots of sweat equity and potential for increased rents. On the Ave and centrally located to the singing fountain, Broad St Subway line and surrounded by restaurants, cafes, bars, shopping and much more. This property has all separate utilities and a functional layout! 1st flr. is tenant occupied thru 3/26 with private access to the rear yard and basement (w/ washer/dryer). Features a spacious living room and kitchen area with 1 large bedroom with walk-in closet and 1 hallway bathroom. 2nd flr. is occupied on month-month with 2 bedroom sand 1 bath. 3rd flr. will be vacant 8/1 with 2 Bedrooms, 1 Bathroom and balcony with amazing views.
Listed by Michael A Esposito Jr.
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License #RS272183
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Alpha Realty Group
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2156519657
Last updated September 02, 2025
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Source: BrightMLS #PAPH2516846
Listing Facts
TypeMulti-family
NeighborhoodEast Passyunk
Days on Prevu47
Taxes$7,455/year
Size2,484 sqft
Price per sqft$310
Location
Mortgage Calculator
Listing History
07/22/2025
Listed by Alpha Realty Group
$769,900
Property Details for 1622 E Passyunk Avenue
Exterior
Construction
New Construction: No
Number Of Units Total: 4
Year Built: 1915
Architectural Style: Straight Thru
Construction Materials: Masonry
Features
Other Structures: Above Grade, Below Grade
Waterfront: No
Measurements
Lot Dimensions Source: Assessor
Lot Size Acres: 0.03
Lot Size Dimensions: 16
Lot Size Source: Assessor
Lot Size Square Feet: 1,216
Lot Size Units: Square Feet
Financial
Residential Income
Operating Expense: $5,820.00
Operating Expense Includes: Trash
Taxes
Tax Annual Amount: $7,455.00
Tax Year: 2024
Interior
Features
Fireplace: No
Measurements
Living Area: 2,484
Living Area Source: Assessor
Other
Location
Subdivision Name: PASSYUNK SQUARE
Tax Lot: 98
Parking
Parking
Garage: No
Utilities
Equipment
Cooling: Wall Unit
Heating: Baseboard - Hot Water
Has Heating: Yes
Sewer: Public Sewer
Water Source: Public
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