816 W ERIE AVE, Philadelphia, PA 19140

• 1,408 sqft

Property Description

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.

Listing Status:

Active

Data Last Updated:

May 2, 2026 at 8:16PM

Listing Office:

Keller Williams Main Line : 6105200100

Listing Agent:

Zachary Matz : 2159080944

MLS ID:

PAPH2613072

Interior

• Basement: Partially finished
• A/C: None
• Heating: Baseboard - ElectricElectric
• Disability Feature: None

Exterior

• General: Above GradeBelow Grade
• Style: Traditional

Construction

• General: MasonryOther

Location

• Originating MLS: BRIGHT_MAIN
• School District: PHILADELPHIA CITY
• County: PHILADELPHIA-PA

Lot

• Zoning: RM1432052100

Utilities

• Water: Public
• Sewer: Public Sewer

Financial

• Source: BRIGHT_MAIN