220-222 Taylor Ave, Essington, PA 19029
Local realty services provided by:CENTURY 21 Downtown
220-222 Taylor Ave,Essington, PA 19029
$799,900
- 8 Beds
- - Baths
- 4,176 sq. ft.
- Multi-family
- Active
Listed by: vincent michael memmo
Office: cg realty, llc.
MLS#:PADE2120824
Source:BRIGHTMLS
Price summary
- Price:$799,900
- Price per sq. ft.:$191.55
About this home
220-222 Taylor Ave, Essington, PA – Prime 5-Unit Multifamily Investment Opportunity
Don't miss this outstanding opportunity to acquire a well-maintained, income-producing 5-unit multifamily property in Essington. The building features four spacious 2-bedroom, 1-bath apartments along with a finished basement efficiency apartment, currently generating $79,800 in annual gross rental income. The current rent roll consists of the efficiency unit at $900 per month, with the remaining apartments renting for $1,150, $1,250, $1,400, and $1,450 per month.
In addition to the apartment income, the property includes a detached two-car garage that generates $500 per month in rental income. The garage is situated on its own separate 50' x 100' lot, which is included in the sale, providing additional value and future potential for the next owner.
This property offers immediate cash flow with significant upside. The current rents are below market, with comparable two-bedroom units in the area supporting rents of approximately $1,600 per month, creating an attractive value-add opportunity through future lease renewals. The building is equipped with four separate heating systems and four separate water heaters, helping to efficiently serve the residential units and simplify utility management.
The owner is responsible for water, common area maintenance, lawn care, and snow removal, with water costs averaging approximately $200 per month. Even with these expenses, the property provides strong income today while offering the potential for increased returns as rents are brought to market levels.
Conveniently located near Philadelphia International Airport, I-95, and major employment centers, 220-222 Taylor Ave presents a rare opportunity to acquire a stable multifamily asset with immediate cash flow, rental upside, and the added benefit of a separately deeded garage lot included in the sale. Whether you're an experienced investor or looking to expand your portfolio, this property offers an exceptional combination of current income and long-term appreciation potential....
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Home facts
- Year built:1950
- Listing ID #:PADE2120824
- Added:1 day(s) ago
- Updated:July 31, 2026 at 01:36 AM
Rooms and interior
- Bedrooms:8
- Living area:4,176 sq. ft.
Heating and cooling
- Cooling:Window Unit(s)
- Heating:Hot Water, Natural Gas
Structure and exterior
- Year built:1950
- Building area:4,176 sq. ft.
- Lot area:0.12 Acres
- Architectural Style:Traditional
- Construction Materials:Brick
- Foundation Description:Block
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$799,900
- Price per sq. ft.:$191.55
- Tax amount:$7,977 (2025)
Parking
- Parking description:Detached Garage, Oversized
- Garage:Yes
- Garage spaces:2
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