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816 W Erie Ave, Philadelphia, PA 19140

Philadelphia
Local realty services provided by:CENTURY 21 Mertz & Associates
816 W Erie Ave,Philadelphia, PA 19140
$225,000
  • 4 Beds
  • - Baths
  • 1,408 sq. ft.
  • Multi-family
  • Pending
Listed by: zachary matz
Office: keller williams main line
MLS#:PAPH2613072
Source:BRIGHTMLS

Price summary

  • Price:$225,000
  • Price per sq. ft.:$159.8

About this home

Welcome to 816 W Erie Ave, a value-add triplex opportunity located in the Hunting Park section of Philadelphia. This property offers immediate income with two occupied 2-bedroom units and a partially completed basement space that has the potential to be finished into a 1-bedroom unit, allowing the cap rate to increase from approximately 6.3% to 8.1%. Zoned RM-1, the building allows a triplex by right and comes with plans for continued use as a three-unit property. Additional features include separate utilities and a semi-finished lower-level unit ready for final completion. This property presents a strong investment option or owner-occupant opportunity with value-added upside. Conveniently located near public transit and local amenities, this triplex is offered as-is and provides an excellent chance to expand or begin your rental portfolio.

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Home facts

  • Year built:1935
  • Listing ID #:PAPH2613072
  • Added:56 day(s) ago
  • Updated:June 23, 2026 at 08:24 AM

Rooms and interior

  • Bedrooms:4
  • Basement:Yes
  • Basement Description:Partially Finished
  • Living area:1,408 sq. ft.

Heating and cooling

  • Heating:Baseboard - Electric, Electric

Structure and exterior

  • Year built:1935
  • Building area:1,408 sq. ft.
  • Lot area:0.03 Acres
  • Architectural Style:Traditional
  • Construction Materials:Masonry

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$225,000
  • Price per sq. ft.:$159.8
  • Tax amount:$2,911 (2025)

Parking

  • Parking description:On Street

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