Calling all investors looking to expand their portfolio. This multi-family property offers immediate income potential. Located the high demand Philadelphia neighborhood of Port Richmond, this property provides consistent rental income and all six apartments are currently fully leased. There are also three storage sheds that could bring in an additional estimated $225-$300 per month. Solid bones and a desirable location make this an attractive opportunity for the right buyer. The property is currently configured as six units with a cap rate of 9.45, however it is zoned for two apartments and is being sold AS IS. Buyers are encouraged to perform their own due diligence, seller makes no guarantee that the buyer will be able to obtain a variance from the city.
Listed by Tracy Siler
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License #RS278588
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Keller Williams Real Estate-Langhorne
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2152086123
Last updated April 30, 2026
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Source: BrightMLS #PAPH2581518
Listing Facts
TypeMulti-family
NeighborhoodRichmond
Days on Prevu85
Taxes$7,845/year
Size3,444 sqft
Price per sqft$138
Location
Mortgage Calculator
Listing History
04/30/2026
Price Decreased
$475,000
02/06/2026
Listed by Keller Williams Real Estate-Langhorne
$500,000
Property Details for 3029 Cedar Street
Exterior
Construction
New Construction: No
Number Of Units Total: 4
Year Built: 1920
Architectural Style: Traditional
Construction Materials: Masonry
Features
Other Structures: Above Grade, Below Grade
Waterfront: No
Measurements
Lot Dimensions Source: Assessor
Lot Size Acres: 0.07
Lot Size Dimensions: 35
Lot Size Source: Assessor
Lot Size Square Feet: 3,105
Lot Size Units: Square Feet
Financial
Residential Income
Cap Rate: 9.45
Operating Expense Includes: Insurance
Taxes
Tax Annual Amount: $7,845.00
Tax Year: 2025
Interior
Features
Fireplace: No
Measurements
Living Area: 3,444
Living Area Source: Assessor
Parking
Parking
Garage: No
Utilities
Equipment
Cooling: Window Unit(s)
Heating: Baseboard - Electric
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 3029 Cedar Street.
What are the annual taxes for 3029 Cedar Street?
Annual taxes for this multi-family home are estimated at $7,845.
How does 3029 Cedar Street compare to other multi-family homes in Richmond?
This multi-family home is listed 28% below the average price for multi-family homes in Richmond and has been on the market for 12 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 3,444 sqft.
3029 Cedar Street is a -bedroom multi-family home for sale in PHILADELPHIA PA 19134. On Prevu for 85 days at $475,000. This includes a recent price decrease of $25,000. This property features 3,444 square feet of living space, located in Richmond. The median listing price for multi-family homes in this area is $259,950. Explore more multi-family home listings in Philadelphia.
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