Amazing investment opportunity. This modern, fully occupied 3-unit, 7-bedroom multi-family property was built in 2012 and is situated in the highly sought-after West Powelton neighborhood of Philadelphia. Just a short walk from the University of Pennsylvania and Drexel University, ensuring consistent demand from students and professionals. This property offers investors an excellent opportunity to acquire a turnkey asset with significant potential for rental growth. The property is also located within a Qualified Opportunity Zone, providing potential tax advantages for investors. The unit mix includes two (2) two-bedroom, one-bathroom units and one (1) three-bedroom, two-bathroom unit. The units offer hardwood floors, stainless-steel appliances, in-unit washer and dryers, and much more. Don’t miss this rare opportunity to own a high-performing multi-family property in a rapidly developing area. Eight property portfolio, can be purchased individually or as a full / partial portfolio (4008, 4010, 4032 & 4011 Baring Street, 416-18 N. Wiota Street, 508 Budd Street, 1537 Swain Street and 1802 N. 5th Street). Seller is in the process of appealing taxes.
Listed by Steven Onesti
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License #RS372317
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KW Empower
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2157837779
Last updated June 20, 2025
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Source: BrightMLS #PAPH2460910
Listing Facts
TypeMulti-family
NeighborhoodWest Powelton
Days on Prevu168
Taxes$12,259/year
Size3,141 sqft
Price per sqft$235
Location
Mortgage Calculator
Listing History
06/20/2025
Price Decreased
$739,000
03/24/2025
Listed by KW Empower
$750,000
Property Details for 4008 Baring Street
Exterior
Construction
New Construction: No
Number Of Units Total: 3
Year Built: 2012
Architectural Style: Other
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: 20
Lot Size Source: Assessor
Lot Size Square Feet: 1,500
Lot Size Units: Square Feet
Financial
Taxes
Tax Annual Amount: $12,259.00
Tax Year: 2024
Interior
Measurements
Living Area: 3,141
Living Area Source: Assessor
Rooms
Basement: Fully Finished
Has Basement: Yes
Other
Location
Subdivision Name: WEST POWELTON
Tax Lot: 2
Parking
Parking
Garage: No
Utilities
Equipment
Cooling: Central A/C
Heating: Forced Air, Heat Pump(s)
Has Heating: Yes
Sewer: Public Sewer
Water Source: Public
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