1516 ARROTT ST, Philadelphia, PA 19124

• 2,268 sqft

Property Description

Live in One, Rent the Rest: Frankford Quadruplex with CRA Financing and $15,000 in Credits. House hack alert. This property qualifies for CRA financing with just 3% down, no PMI, and an interest rate lower than FHA. Stack a $5,000 lender credit with the Philly First Home $10,000 grant, applied to closing costs or prepaids, and an owner occupant can step into an income producing building for a fraction of what most buyers spend on a single family home. The buyer must occupy the property as their primary residence to qualify. Welcome to a rare multi unit opportunity in the heart of Frankford. This three story brick twin has 4 units with one studio and three one bedroom units, each with its own full bathroom. One front entrance and two side entrances keep resident access simple and private, accessible from the rear of the first floor unit, adds storage or expansion potential. Two units are rented and two are vacant, giving a new owner immediate income plus the flexibility to move in, renovate, or lease at market rates. Total rental potential is approximately $3,000 per month, and the fully renovated building next door shows exactly where this corridor is heading. Frankford keeps you connected: the Market Frankford Line and the Frankford Transportation Center put Center City within easy reach, with shopping and dining along Frankford Avenue nearby. Occupied units require 24 hour notice for showings. Whether you are an owner occupant looking to live nearly payment free or an investor adding a value add asset, this one checks the boxes. Schedule your private showing today.

Listing Status:

Active

Date Added:

September 18, 2026

Data Last Updated:

September 24, 2026 at 6:16AM

Listing Office:

LPT Realty, LLC : 8773662213

Listing Agent:

Maria Maria Quattrone Quattrone : 2156073535

MLS ID:

PAPH2661824

Interior

• Basement: Full
• A/C: None
• Heating: Forced AirNatural Gas
• Disability Feature: None

Exterior

• General: SidewalksStreet LightsAbove GradeBelow Grade
• Style: Colonial

Construction

• General: MasonryStone

Location

• Originating MLS: BRIGHT_MAIN
• School District: THE SCHOOL DISTRICT OF PHILADELPHIA
• County: PHILADELPHIA-PA

Lot

• Zoning: RSA3232140100
• View: Street

Utilities

• Water: Public
• Sewer: Public Sewer

Financial

• Source: BRIGHT_MAIN