This fully occupied 7-unit multifamily property offers immediate cash flow and peace of mind with a fully renovated interior throughout. Located in the desirable Mt. Airy neighborhood of Philadelphia, each unit has been thoughtfully updated with modern finishes, new flooring, kitchens, baths, and mechanical systems. Tenants enjoy a comfortable and stylish living space, while investors benefit from low maintenance and strong rental demand in this sought-after area. Minutes from public transportation, shops, and restaurants. Perfect for both seasoned and new investors seeking a stable, income-generating asset in a prime location. Potential sits in updating the exterior and receiving an income from the two car detached garage.
Listed by Michael Olsakowski
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License #RS371764
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Keller Williams Real Estate-Langhorne
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9735257179
Last updated July 10, 2025
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Source: BrightMLS #PAPH2497016
Listing Facts
TypeMulti-family
NeighborhoodEast Mount Airy
Days on Prevu78
Taxes$6,078/year
Size3,780 sqft
Price per sqft$309
Amenities
Parking
Location
Mortgage Calculator
Listing History
07/10/2025
Price Decreased
$1,169,000
06/20/2025
Listed by Keller Williams Real Estate-Langhorne
$1,189,000
Property Details for 400 E Vernon Road
Exterior
Construction
New Construction: No
Number Of Units Total: 4
Property Condition: Very Good
Roof: Pitched, Shingle
Year Built: 1921
Architectural Style: Other
Construction Materials: Masonry
Features
Other Structures: Above Grade
Waterfront: No
Measurements
Lot Dimensions Source: Estimated
Lot Size Acres: 0.28
Lot Size Dimensions: 120
Lot Size Source: Estimated
Lot Size Square Feet: 12,000
Lot Size Units: Square Feet
Financial
Residential Income
Cap Rate: 6.93
Gross Income: $100,980.00
Taxes
Tax Annual Amount: $6,078.00
Tax Year: 2025
Interior
Measurements
Living Area: 3,780
Living Area Source: Estimated
Rooms
Rooms Total: 7
Other
General
Exclusions: All Tenants belongings
Location
Tax Lot: 153
Parking
Parking
Garage Spaces: 2
Garage: Yes
Utilities
Equipment
Heating: Radiator
Has Heating: Yes
Sewer: Public Sewer
Water Source: Public
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