4215 Salem Street
Philadelphia, PA, 19124 $ 1,000,000
Bedrooms13 Baths11.0 Sq 6,979 Monthly Estimate*
$ 6,907
for $1,000,000 with 13 bedrooms and 11 full baths. This 6,979 square foot home was built in 1925 on a lot size of 0.22.
11-UNIT MULTIFAMILY PORTFOLIO | Philadelphia, Pennsylvania Asking Price $1,000,000 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: $1,000,000 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 Philadelphias most desirable rental markets. The properties offer stable cash flow, low operating expenses, and upside potential through future rental growth. Whether youre 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.
See more
FeaturesGeneralLiving Area 6979
Sewer Public Sewer
Heating Radiator
Cooling Window Unit(s)
Possession 0-30 Days CD
Zoning RM1
Architectural Style Traditional
Construction Materials Masonry
School District PHILADELPHIA CITY
Year Built 1925
Levels 2
Tax Year 2026
Ownership Fee Simple
Cool Fuel Electric
Municipality PHILADELPHIA
Accessibility None
County PHILADELPHIA
New Construction N
Property Type Residential
HOA N
Subdivision Name PHILADELPHIA
Garage Y/N N
Water Access Y/N N
Other Structures Above Grade Below Grade
Full Baths 11
Status ACTIVE
Directions GPS
City PHILADELPHIA
Senior Community Y/N N
MLS Area 19124 (19124)
Lot Size Units Square Feet
Lot Size Square Feet 9583.00
Tax Annual Amount 2383.0
Property Condition Good
Structure Type Other
Condo/Coop Association fee Y/N N
Bathrooms Full Main Level 11
Bathrooms Count Main Level 11.00
Price Per Sq Ft Total AG 143.29
Lease Considered Y/N N
Vacation Rental Y/N N
Standard Status Active
Year Built Source Assessor
Tax Lot 87
See more
InteriorHeating Fuel Electric
Basement Fully Finished
Hot Water Natural Gas
Basement (Y/N) Y
Heating Y/N Y
Above Grade Finished Area 6979
Half Baths 0
Central Air Y/N N
Total Bedrooms 13
Below Grade Finished Area 0
Main Level Bedrooms 13
Below Grade Finished Area Unit Type Square Feet
Below Grade Finished Area Source Assessor
Above Grade Finished Area Source Estimated
Above Grade Finished Area Unit Type Square Feet
Total Baths 11
See more
ExteriorPool No Pool
Water Source Public
Type of Parking Off Street
Water View Y/N N
Lot Size Acres 0.22
Lot Size Source Estimated
Waterfront Y/N N
Land Assessed Value 34060.00
Navigable Water Y/N N
Water Oriented Y/N N
See more
* Excluded FeaturesList ByLonglong Zhan Real Estate InvestmentBroker
Affordability Calculator
- Monthly Principal & Interest
- $6,907
- Monthly Property Taxes
- $199
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% 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.
Learn more about how to save NearbySingle family listings in Philadelphia, PA
Average List Price $565,364
Percent of Sale Price 43%
About Philadelphia, PA 1,588,239 Population
5% Since 2002
$ 42,223 Median Income
36 Median Age
24% Households with Children
Trends Information provided by ATTOM Data Solutions.
4835660 Elementary School
4835659 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 10/16/2026 | $1,000,000 | | Listed Price |