INVESTOR / OWNER OCCUPIED ALERT!! Great opportunity to live in a 4 Unit Corner Apt building (over 3,400 sf.) in prime Society Hill location. Use 3 rented apts. to pay your mortgage for instant equity or rent all 4 and start making $54,000 in NET income now! Rents are below market so raise the rents and make more $. Unit 4 is 1700 sf and makes an ideal owners unit occupying the top two floors of the building- 3 bedrooms/2.5 bath bright corner unit with windows on two sides, spacious kitchen with stainless dishwasher, new refrigerator, microwave and beamed ceiling plus roof access for fabulous city views and potential for a roof deck. Building is currently FULLY RENTED- Unit 4 is rented for $2,300/mo. Unit 1 is a studio ($1,150); Unit 2 is a 1 bedroom/1bath ($1,250) with new stove; Unit 3 is a 1 bedroom/ 1.5 bath bi level ($1,300) with new stove and microwave. All UTILITIES SEPARATED - Tenants pay own electric and gas. 4 gas furnaces and 4 NEWER gas hot water heaters ( 2018, 2019, 2021, 2021) plus one for laundry. Landlord pays only cold water and common electric. Low vacancy, well maintained and always easy to rent in this Premier location. Coin op washer and dryer in basement provides additional $1,000 yearly income. Convenient to hospitals, restaurants, shops, with easy access to NJ, plus McCall Elementary catchment. Start making money NOW!
Property Details
Property Features
Property Information:
Architectural Style: Dwelling with Rental, Unit/Flat, Bi-level
Year Built: 1920
Living Area: 3,424 SqFt
Listing Office:
Office Name: Compass Pennsylvania, LLC
Office Phone: (610) 822-3356
Listing Agent: Stephanie M MacDonald
Interior Features
Interior Information:
Appliances: Microwave, Dishwasher, Dryer, Exhaust Fan, Self Cleaning Oven, Oven, Gas Range, Refrigerator, Stainless Steel Appliances, Washer, Stove, Water Heater
Basement: Yes
Flooring Type: Hardwood, Carpet, Ceramic Tile
Interior: Built-Ins
Exterior Features
Exterior Information:
View: City
Exterior: Exterior Lighting, Sidewalks, Street Lights
Parking Information:
Parking: Public, On Street
Lot Features
Lot Information:
Lot: Corner Lot
Lot Size: 0.02 Acres
Utilities
Utilities Information:
Heating: Hot Water
Cooling: Ceiling Fan(s), Window Unit(s)
School Info
Assigned Schools Information:
Benjamin Franklin High School, Public District Grades 9-12
General George A. McCall School, Public District Grades KG-8
Other
Directions Information:
Directions: South on 4th. Property on corner of 4th and Lombard. Aka 402 Lombard St.
Municipality:
Philadelphia
Price Information
Listing Price Info
Price Summary:
List Price: $1,250,000
Price Per SqFt: $365/SqFt
Tax Information:
Annual Amount: $12,871
Tax Year: 2020
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Housing Market Comparison
See how this home compares to others in Philadelphia, PA.
This property is $991.1K more than the Median Sold Price and $169/SqFt more than other homes in Philadelphia, PA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: BRIGHT
MLS Number: #PAPH2352728
Listing Office:
Office Name: Compass Pennsylvania, LLC
Office Phone: (610) 822-3356
Listing Agent: Stephanie M MacDonald
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.
The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
6
/10
General George A. McCall School
325 S 7th St
Distance between this listing and this school0.25 miles
Public District Grades KG-8
High School
2
/10
Benjamin Franklin High School
550 N Broad St
Distance between this listing and this school1.60 miles
Public District Grades 9-12
Assigned Schools
6
/10
General George A. McCall School
325 S 7th St
Distance between this listing and this school0.25 miles
Public District Grades KG-8
Nearby Schools
7
/10
Meredith School
725 S 5th St
Distance between this listing and this school0.23 miles
Public District Grades KG-8
5
/10
George W. Nebinger Elementary School
601 Carpenter St
Distance between this listing and this school0.48 miles
Public District Grades KG-8
Nearby Schools
6
/10
Christopher Columbus Charter School
South Building
Distance between this listing and this school0.57 miles
Public Charter Grades KG-8
6
/10
Universal Institute Charter School
800 S 15th St
Distance between this listing and this school1.00 miles
Public Charter Grades KG-9
7
/10
Independence Charter School
1600 Lombard St
Distance between this listing and this school1.05 miles
Public Charter Grades KG-8
Assigned Schools
2
/10
Benjamin Franklin High School
550 N Broad St
Distance between this listing and this school1.60 miles
Public District Grades 9-12
Nearby Schools
2
/10
Charter High School For Architecture And
105 S 7th St
Distance between this listing and this school0.46 miles
Public Charter Grades 9-12
3
/10
Mastery Charter High School
35 S 4th St
Distance between this listing and this school0.50 miles
The neighbors living near this home have an average income of $85,360. Most Philadelphia, PA residents have annual incomes between $35k-100k. Most families are single, no kids. Most residents in this area have post secondary degree education.
This home is located at 502 S 4th St in Philadelphia, PA and zip code 19147 in the Center City neighborhood. This 3,424 square foot home, which was built in 1920, sits on a 0.02 acre lot. It has been listed on Rocket Homes since May 09, 2024 and is currently priced at $1,250,000.
In April 2024, from all listings sold in Philadelphia, PA there were more than 242 sold above asking price, over 502 sold below and more than 216 were sold right at the asked price. The inventory of homes for sale in Philadelphia, PA between March 2024 and April 2024 increased by 9.8%. Listings spent 50 days on the market in April 2024, and had a median list price of $258,806 during the same period.
From Rocket Homes Real Estate and based on county public records data.