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1642 Cambridge StreetPhiladelphia, PA 19130

For Sale

$1,325,000

Smart Buyer Rebate $13,250

High-Income 3-Unit Investment Opportunity in Francisville | Built 2019 | Tax Abatement

Turnkey triplex generating $6,495+ per month in projected rental income, located in the rapidly growing Francisville section of Philadelphia. Built in 2019, this modern multi-family property offers strong in-place income, low maintenance, and approximately 4 years remaining on a tax abatement, helping maximize cash flow.

Ideal for investors or owner-occupants
One unit is currently vacant, creating an immediate opportunity to house hack or lease at market rent.

Property Breakdown:

Unit A, Bi-Level, 4 Bed, 3 Bath
Spacious private-entry unit with open living area, patio access, and in-unit laundry.
Currently rented at $2,450/month through April 2027.

Unit B, 2 Bed, 2 Bath
Open layout with bedrooms on opposite ends, each with walk-in closets and bathroom access.
Vacant, projected rent $1,995/month.

Unit C, 2 Bed, 2 Bath + Roof Deck
Split-bedroom design with private rooftop access and city views.
Currently rented at $2,150/month through November 2026.

Investment Highlights:

Projected gross income: $77,940+ annually
Tenants pay most utilities (low expense structure)
Modern construction, built 2019
High bedroom-to-bath ratio increases rental demand
Multiple rental strategies, long-term, roommate-style, or mid-term

Located minutes from Center City, Temple University, major hospitals, and public transportation, this property sits in a high-demand rental corridor with continued neighborhood growth and strong tenant demand.

Strong existing leases, modern layouts, and long-term upside make this a compelling addition to any portfolio.

Disclaimer:
Information is deemed reliable but not guaranteed. Buyer to verify all details including tax abatement, income, zoning, and square footage. This is not legal or financial advice.

Listed by Tykey M Jackson

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License #RS359431

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Philadelphia Realty Exchange

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6096004553

Last updated April 26, 2026

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Source: BrightMLS #PAPH2605536

Listing Facts

  • TypeMulti-family
  • NeighborhoodFrancisville
  • Days on Prevu23
  • Taxes$3,122/year
  • Size4,568 sqft
  • Price per sqft$290

Amenities

  • Dishwasher
  • Washer/Dryer

Location

Mortgage Calculator

Listing History

04/08/2026
Listed by Philadelphia Realty Exchange
$1,325,000

Property Details for 1642 Cambridge Street

Exterior

Construction

  • New Construction: No
  • Number Of Units Total: 3
  • Property Condition: Excellent
  • Roof: Fiberglass, Flat
  • Window Features: Casement, Energy Efficient
  • Year Built: 2019
  • Architectural Style: Contemporary
  • Construction Materials: Masonry, Advanced Framing, Brick, Concrete
  • Exterior Features: Roof Deck, Sidewalks, Street Lights

Features

  • Other Structures: Above Grade, Below Grade
  • Patio And Porch Features: Patio(s), Roof
  • View: City
  • Waterfront: No

Measurements

  • Lot Dimensions Source: Estimated
  • Lot Features: Corner
  • Lot Size Dimensions: 18
  • Lot Size Source: Estimated
  • Lot Size Square Feet: 1,176
  • Lot Size Units: Square Feet

Financial

Residential Income

  • Cap Rate: 6.0
  • Operating Expense Includes: Trash,Snow Removal,Insurance

Taxes

  • Tax Annual Amount: $3,122.00
  • Tax Year: 2026

Interior

Features

  • Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer - Electric, Energy Efficient Appliances, Intercom, Microwave, Oven - Self Cleaning, Oven/Range - Electric, Stainless Steel Appliances, Stove, Washer
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood
  • Interior Features: Combination Kitchen/Living, Primary Bath(s), Sprinkler System, Recessed Lighting, Bathroom - Stall Shower, Upgraded Countertops, Wood Floors, Bathroom - Walk-In Shower, Pantry, Walk-in Closet(s)

Measurements

  • Living Area: 4,568
  • Living Area Source: Assessor

Rooms

  • Basement: Daylight, Full, Full, Fully Finished
  • Has Basement: Yes

Other

General

  • Exclusions: All window coverings, including but not limited to curtains, drapes, rods, hardware, shades, and blinds, are excluded from the sale. Additionally, any personal property or belongings owned by current tenants are expressly excluded.

Location

  • Subdivision Name: FRANCISVILLE
  • Tax Lot: 106

Parking

Parking

  • Garage: No

Utilities

Equipment

  • Cooling: Central A/C
  • Heating: 90% Forced Air
  • Has Heating: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Frequently Asked Questions

How many bedrooms does this multi-family home have?

There is bedrooms in this multi-family home at 1642 Cambridge Street.

What are the annual taxes for 1642 Cambridge Street?

Annual taxes for this multi-family home are estimated at $3,122.

How does 1642 Cambridge Street compare to other multi-family homes in Francisville?

This multi-family home is listed 3% above the average price for multi-family homes in Francisville and has been on the market for 80 less days than the typical home in this area.

What is the square footage on this multi-family home?

According to the MLS, this listing is 4,568 sqft.

1642 Cambridge Street is a -bedroom multi-family home for sale in PHILADELPHIA PA 19130. On Prevu for 23 days at $1,325,000. This residence features 4,568 square feet of living space, located in Francisville. The median listing price for multi-family homes in this area is $499,900. Additional amenities include dishwasher and washer. View other multi-family home listings in Philadelphia.

The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright BRIGHT, All Rights Reserved.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.