616 N 42ND ST, Philadelphia, PA 19104

• 3,066 sqft

Property Description

Fantastic opportunity to acquire a newer-construction, tax-abated quadruplex at 616 N 42nd Street. This modern multifamily investment features four residential units consisting of two 1-bedroom apartments and two 2-bedroom apartments, offering an attractive unit mix and multiple streams of rental income. The combination of newer construction and an existing tax abatement makes this an especially appealing opportunity for investors. Modern construction and systems can help minimize near-term capital expenditures and maintenance, while the tax abatement helps reduce operating expenses and strengthen the property's income potential. The mix of one- and two-bedroom apartments provides broad rental appeal, while the property's location offers convenient access to public transportation, neighborhood amenities, universities, and major routes throughout Philadelphia. Whether you're expanding an existing portfolio or looking for a newer multifamily asset with favorable tax benefits, 616 N 42nd Street offers an excellent opportunity for long-term investment and income growth.

Listing Status:

Active

Data Last Updated:

October 27, 2026 at 3:21PM

Listing Office:

Keller Williams Main Line : 6105200100

Listing Agent:

Denise A Frazier : 2154213362

MLS ID:

PAPH2679454

Interior

• Basement: Full
• Flooring: HardwoodCeramic tile
• A/C: Central A/C
• Heating: Forced AirNatural Gas
• Disability Feature: None

Exterior

• General: Above GradeBelow Grade
• Style: Contemporary
• Other Structures: BalconyPatio

Construction

• Roofing: FlatRubber
• General: ConcreteBrickVinyl SidingConcrete Perimeter

Location

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

Lot

• Zoning: RM1061255200

Utilities

• Utilities: 100 amp service
• Water: Public
• Sewer: Public Sewer

Financial

• Source: BRIGHT_MAIN