1642 Cambridge Street
Philadelphia, PA, 19130 $ 1,149,000
Bedrooms7 Baths0.0 Monthly Estimate*
$ 7,936
for $1,149,000 with 7 bedrooms. This home was built in 2019.
High-Income 3-Unit Investment Opportunity in Francisville | Built 2019 | Tax Abatement Turnkey triplex generating $6,495+ per month in projected rental income, located in the rapidly growing Francisville section of Philadelphia. Built in 2019, this modern multi-family property offers strong in-place income, low maintenance, and approximately 4 years remaining on a tax abatement, helping maximize cash flow. Ideal for investors or owner-occupants One unit is currently vacant, creating an immediate opportunity to house hack or lease at market rent. Property Breakdown: Unit A, Bi-Level, 4 Bed, 3 Bath Spacious private-entry unit with open living area, patio access, and in-unit laundry. Currently rented at $2,450/month through April 2027. Unit B, 2 Bed, 2 Bath Open layout with bedrooms on opposite ends, each with walk-in closets and bathroom access. Vacant, projected rent $1,995/month. Unit C, 2 Bed, 2 Bath + Roof Deck Split-bedroom design with private rooftop access and city views. Currently rented at $2,150/month through November 2026. Investment Highlights: Projected gross income: $77,940+ annually Tenants pay most utilities (low expense structure) Modern construction, built 2019 High bedroom-to-bath ratio increases rental demand Multiple rental strategies, long-term, roommate-style, or mid-term Located minutes from Center City, Temple University, major hospitals, and public transportation, this property sits in a high-demand rental corridor with continued neighborhood growth and strong tenant demand. Strong existing leases, modern layouts, and long-term upside make this a compelling addition to any portfolio. Disclaimer: Information is deemed reliable but not guaranteed. Buyer to verify all details including tax abatement, income, zoning, and square footage. This is not legal or financial advice.
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FeaturesGeneralLiving Area 4568
Sewer Public Sewer
Heating 90% Forced Air
Cooling Central A/C
Possession 31-60 Days CD
Roof Fiberglass Flat
Appliances Built-In Microwave Dishwasher Disposal Dryer - Electric Energy Efficient Appliances Intercom Microwave Oven - Self Cleaning Oven/Range - Electric Stainless Steel Appliances Stove Washer
Zoning RM1
Patio/Porch Features Patio(s) Roof
Architectural Style Contemporary
Security Features Intercom
Construction Materials Masonry Advanced Framing Brick Concrete
School District PHILADELPHIA CITY
Exclusions All window coverings including but not limited to curtains drapes rods hardware shades and blinds are excluded from the sale. Additionally any personal property or belongings owned by current tenants
Year Built 2019
View City
Property Subtype Triplex
Tax Year 2026
Ownership Fee Simple
Cool Fuel Electric
Municipality PHILADELPHIA
Accessibility None
County PHILADELPHIA
New Construction N
Property Type Multi-Family
Subdivision Name FRANCISVILLE
Garage Y/N N
Water Access Y/N N
Other Structures Above Grade Below Grade
Status ACTIVE
Directions Gps
City PHILADELPHIA
Number Of Units Total 3
MLS Area 19130 (19130)
Lot Size Units Square Feet
Lot Size Square Feet 1176.00
Tax Annual Amount 3122.0
Property Condition Excellent
Two Bedroom 2
Structure Type End of Row/Townhouse
Price Per Sq Ft Total AG 251.53
Acceptable Financing Cash Conventional FHA VA
Vacation Rental Y/N N
Location Type Corner Lot/Unit
Standard Status Active
Year Built Source Estimated
Tax Lot 106
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InteriorInterior Amenities Combination Kitchen/Living Primary Bath(s) Sprinkler System Recessed Lighting Bathroom - Stall Shower Upgraded Countertops Wood Floors Bathroom - Walk-In Shower Pantry Walk-in Closet(s)
Heating Fuel Electric
Basement Daylight Full Full Fully Finished
Flooring Ceramic Tile Hardwood
Hot Water Electric
Basement (Y/N) Y
Heating Y/N Y
Window Features Casement Energy Efficient
Fireplace Y/N N
Central Air Y/N Y
Laundry Type Dryer In Unit Washer In Unit
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ExteriorExterior Amenities Roof Deck Sidewalks Street Lights
Pool No Pool
Lot Features Corner
Water Source Public
Type of Parking On Street
Foundation Details Concrete Perimeter
Water View Y/N N
Lot Dimensions 18.00 x 65.32
Lot Size Acres 0.00
Lot Size Source Estimated
Waterfront Y/N N
Land Assessed Value 223060.00
Navigable Water Y/N N
Water Oriented Y/N N
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* Excluded FeaturesList ByPhiladelphia Realty ExchangeBroker
homestopent@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $7,936
- Monthly Property Taxes
- $260
- 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 NearbyMulti-family listings in Philadelphia, PA
Average List Price $514,136
Percent of Sale Price 55%
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 |
|---|
| 10/19/2026 | $1,149,000 | | Listed Price |