407 Pierce Street Philadelphia, PA $ 550,000
407 Pierce Street
$ 550,000
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407 Pierce Street

Philadelphia, PA, 19148
$ 550,000
Bedrooms1 Baths0.0

Monthly Estimate*

$ 3,386

407 Pierce Street, Philadelphia, PA 19148 - Image 1
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Multi-Family Home for sale in Philadelphia, PA

for $550,000 with 1 bedroom. This home was built in 1960 on a lot size of 0.02.

Unique investment opportunity in South Philadelphia featuring a multi-car garage and a second-floor apartment, both currently tenant-occupied, offering immediate rental income. The garage accommodates approximately four vehicles and provides strong income potential, with estimated rental income of $800$1,000 per month (buyer to verify). The second-floor apartment was remodeled in 2019 and includes updated roof, HVAC and a water heater. Estimated rental income for the apartment is $1,200$1,400 per month (buyer to verify). The unit offers a functional layout with ample storage and closet space, an eat-in kitchen with granite countertops and tile backsplash, newer appliances, gas range, hardwood floors throughout, central air conditioning, and recessed lighting. Tenant is responsible for all utilities except water and provides their own washer and dryer. Property presents an excellent opportunity for investors seeking a well-maintained, income-producing asset in a South Philadelphia location. All measurements, rental amounts, and property information are approximate and subject to buyer verification.

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Multi-Family Active

Price

$ 550,000

Bedrooms

1

Property Type

Multi-Family

Taxes

$ 3,359

Style

Traditional

Lot Size

0.02

Year Built

1960

Town/City

Philadelphia

County/Region

Philadelphia

MLS | Web ID

PAPH2581082

Features
General
Living Area 800
Sewer No Septic System
Heating Forced Air
Cooling Central A/C
Possession Negotiable
Zoning RSA5
Architectural Style Traditional
Construction Materials Masonry
School District PHILADELPHIA CITY
Year Built 1960
Property Subtype Other
Tax Year 2025
Ownership Fee Simple
Cool Fuel Natural Gas
Municipality PHILADELPHIA
Accessibility None
County PHILADELPHIA
New Construction N
Property Type Multi-Family
Garage Y/N N
Water Access Y/N N
Other Structures Above Grade Below Grade
Status ACTIVE
Directions It's between Mifflin St and Morris St. Mifflin St make a left on 5th street. Then Right on Pierce. Garage is on left
City PHILADELPHIA
Number Of Units Total 1
MLS Area 19148 (19148)
Lot Size Units Square Feet
Lot Size Square Feet 887.00
Number of Units Leased 2
Tax Annual Amount 3359.0
Property Condition Excellent
Two Bedroom 0
Structure Type Interior Row/Townhouse
Price Per Sq Ft Total AG 687.5
Historic Y/N N
Vacation Rental Y/N N
Lease Type Yearly
Standard Status Active
Year Built Source Assessor
Tax Lot 221
Total Actual Rent 27600.00
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Interior
Heating Fuel Natural Gas
Hot Water Natural Gas
Furnished Units None
Basement (Y/N) N
Heating Y/N Y
Fireplace Y/N N
Central Air Y/N Y
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Exterior
Pool No Pool
Water Source Public
Type of Parking On Street
Foundation Details Slab
Spa N
Water View Y/N N
Lot Dimensions 16.00 x 56.00
Lot Size Acres 0.02
Lot Size Source Assessor
Waterfront Y/N N
Land Assessed Value 48000.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 407
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* Excluded Features
List By
Keller Williams Real Estate - Media

Broker

angelamanzi@kw.com

Email

Affordability Calculator

$3,666
Per Month
92%
8%
0%
Monthly Principal & Interest
$3,386
Monthly Property Taxes
$280
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4835660 Elementary School
4835659 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
2/8/2026$550,000 Listed Price

Map


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407 Pierce Street, Philadelphia, PA, 19148 is a Multi-Family Home for sale at $550,000 with a lot size of 0.02. 407 Pierce Street has 1 bedrooms, 0.0 baths, and was built in 1960. The property's zip code is 19148 which is in Philadelphia, PA