4628 PENN ST, Philadelphia, PA 19124

• 2,910 sqft

Property Description

Attention Investors: Turnkey, Fully Occupied Triplex! 4628 Penn Street is a fully renovated, 100% occupied triplex generating $3,225/month ($38,700/year) in gross rental income. All units have separate gas and electric utilities paid directly by the tenants, reducing owner-paid expenses. The property generated 2025 NOI of $21,208.41, representing approximately a 6.8% cap rate at the $309,900 asking price. The property also features a coin-operated washer and dryer in the basement, providing an additional income stream. Unit Breakdown: Unit 1: 2 beds, 1 bath — $1,250/month with private backyard access
Unit 2: 2 beds, 1 bath — $1,150/month
Unit 3: 1 bed, 1 bath — $825/month All three units are occupied under fixed-term leases. With renovations complete and tenants already in place, the next owner can acquire a stabilized, income-producing multifamily property without a major upfront renovation or initial lease-up. Offered at $309,900. Schedule your private tour today.

Listing Status:

Active

Data Last Updated:

September 24, 2026 at 7:17AM

Listing Office:

BHHS Fox & Roach-Jenkintown : 2158870400

Listing Agent:

christian washington : 2679815392

MLS ID:

PAPH2665396

Interior

• Basement: FullUnfinished
• Flooring: Fully carpeted
• A/C: None
• Heating: Forced AirNatural Gas
• Disability Feature: None

Exterior

• General: Above GradeBelow Grade
• Style: Other

Construction

• Roofing: Flat
• General: Brick FrontBrickConcrete Perimeter

Location

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

Lot

• Zoning: RM1234286900

Utilities

• Utilities: Circuit breakers
• Water: Public
• Sewer: Public Sewer

Financial

• Source: BRIGHT_MAIN