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4215 Salem StreetPhiladelphia, PA 19124

For Sale

$898,500

Smart Buyer Rebate $8,985

11-UNIT MULTIFAMILY PORTFOLIO | Philadelphia, Pennsylvania Asking Price $898000 Investment Highlights ● 4 residential properties ● Portfolio includes: ● 4215 Salem St: 4 Units, All 1 BR/1 BA ● 4219 Salem St: 3 BR/1 BA Single Family Rowhome ● 4221 Salem St: 4 Units, All 1 BR/1 BA ● 4223 Salem St: 2 Units, Both 1 BR/1 BA. Convenient access to public transportationl, shopping, restaurants, schools, and major roads ● Strong rental demand with excellent long-term investment potential Financial Summary Gross Annual Income: $130,800 Annual Operating Expenses: Approximately $26,343 Net Operating Income (NOI): Approximately $104,457 Asking Price: $898000.00 Estimated NOI Yield: 10.45%. Gross Rental Yield 13.08%. Investment Opportunity This is a rare opportunity to acquire a well-maintained, income-producing multifamily portfolio in one of Philadelphia’s most desirable rental markets. The properties offer stable cash flow, low operating expenses, and upside potential through future rental growth. Whether you’re expanding an existing portfolio or completing a 1031 exchange, this asset presents an attractive investment opportunity. Closing Seller is seeking a fast closing. Qualified buyers are encouraged to provide proof of funds or financing pre-approval prior to scheduling property tours. For additional information, including the rent roll, operating statements, or to arrange a private showing, please contact the listing agent.

Investment highlights
11 Total Residential Units
Strong rental demand in 19124
Value-add opportunity
Adjacent lot included with 4215 Salem St
Ideal portfolio for cash flow investors
Prime location close to public transportation, major roads, shopping, and local amenities.

Listed by Zhan Su

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License #RM425672

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Longlong Zhan Real Estate Investment

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6105740988

Last updated October 29, 2026

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Source: Bright #PAPH2671322

Listing Facts

  • TypeSingle-family
  • NeighborhoodFrankford
  • Bedrooms13
  • Bathrooms11
  • Days on Prevu16
  • Taxes$2,383/year
  • Size6,979 sqft
  • Price per sqft$129

Amenities

  • Parking

Location

Mortgage Calculator

Listing History

10/30/2026
Price Decreased
$898,500
10/15/2026
Listed by Longlong Zhan Real Estate Investment
$1,000,000
  1. 10/30/2026$898,500
    Price Decreased
  2. 10/15/2026$1,000,000
    Listed by Longlong Zhan Real Estate Investment

Property Details for 4215 Salem Street

Exterior

Construction

  • New Construction: No
  • Property Condition: Good
  • Year Built: 1925
  • Architectural Style: Traditional
  • Construction Materials: Masonry

Features

  • Other Structures: Above Grade, Below Grade
  • Waterfront: No

Measurements

  • Lot Size Acres: 0.22
  • Lot Size Source: Estimated
  • Lot Size Square Feet: 9,583
  • Lot Size Units: Square Feet

Financial

Taxes

  • Tax Annual Amount: $2,383.00
  • Tax Year: 2026

Interior

Measurements

  • Living Area: 6,979
  • Living Area Source: Estimated

Rooms

  • Basement: Fully Finished
  • Has Basement: Yes
  • Bathrooms Full: 11
  • Bathrooms Total Integer: 11
  • Bedrooms Total: 13
  • Main Level Bedrooms: 13

Other

General

  • Senior Community: No

Location

  • Subdivision Name: PHILADELPHIA
  • Tax Lot: 87

Parking

Parking

  • Garage: No

Utilities

Equipment

  • Cooling: Window Unit(s)
  • Heating: Radiator
  • Has Heating: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Frequently Asked Questions

How many bedrooms and bathrooms does this single-family home have?

There are 13 bedrooms and 11 bathrooms in this single-family home at 4215 Salem Street.

What are the annual taxes for 4215 Salem Street?

Annual taxes for this single-family home are estimated at $2,383.

How does 4215 Salem Street compare to other single-family homes in Frankford?

This single-family home is listed 364% above the average price for single-family homes in Frankford and has been on the market for 87 less days than the typical home in this area.

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

According to the MLS, this listing is 6,979 sqft.

4215 Salem Street is a 13-bedroom, 11-bath single-family home for sale in PHILADELPHIA PA 19124. On Prevu for 16 days at $898,500. This includes a recent price decrease of $101,500. This property features 6,979 square feet of living space, located in Frankford. The median listing price for single-family homes in this area is $180,000. Property amenities include parking. Explore more single-family home listings in Philadelphia.

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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.