17 days on rocket

332 N 62nd St, Philadelphia, PA, 19139

$399,900

Home List Price

$4,749*

Closing Credit

0 Baths
1,880 SqFt
$213/SqFt
Multi
Schools Nearby

Location

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332 N 62nd St, Philadelphia$399,900

Buyer Closing Credits

$4,749*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
ParkingOn Street
Year Built1915
HeatingForced Air
CoolingCentral Air
BasementYes
MLS #PAPH2338956
Lot Size0.04 Acres
StatusActive
(ACTIVE)

About 332 N 62nd St

INVESTORS BEHOLD! 332 N 62nd Street is a golden opportunity for savvy investors seeking a lucrative addition to their portfolio. This property is also perfect for the beginning investor looking for their first investment. The property is part of a six unit portfolio. Here's what makes this investment stand out: **Income Potential:** This multi-unit property boasts 4 spacious units, each offering comfortable living spaces and modern amenities. Whether you're targeting long-term renters or looking to live in one of the units and rent the others, the income potential is substantial. With competitive rental rates in the area and increasing demand for housing, you can expect a consistent cash flow and attractive returns on your investment. **Value-Add Opportunity:** While the property is already generating income, there's ample room for value enhancement. With a strategic renovation or upgrade plan, you can maximize rental income and increase property value. Whether it's modernizing interiors, enhancing curb appeal, or adding amenities, the potential for appreciation is significant. The property does already have a State of the Art Security System with electronic entry and a full sprinkled interior with an up to date fire alarm system. **Prime Location:** Situated in the vibrant and rapidly developing Haddington neighborhood of Philadelphia, this property is strategically positioned to capitalize on the growth of West Philadelphia. It is a short walk to the Market/Frankford 63rd street station. The #30 & #31 buses are steps away. There is easy access to major transportation routes, as well as, all of the renowned West Philadelphia universities, employment hubs, and a plethora of amenities. This location is highly desirable for tenants seeking convenience and connectivity. Very close to Haddington Woods and Cobbs Creek Park. Wonderful restaurants are within walking distance: Jim’s Steaks West, 5-Star Jamaican, Morronne’s Water Ice etc. **Stable Market Dynamics:** West Philadelphia's real estate market has demonstrated resilience and stability, making it an ideal environment for investors seeking long-term growth. With a diverse economy, a thriving job market, and a steady influx of residents, the demand for rental properties remains robust. **Investment Highlights:** - Multi-unit property with 4 units - Prime location in the heart of Philadelphia, PA - Strong rental demand and competitive rental rates - Value-add opportunities for increased cash flow and appreciation - Stable and growing real estate market with favorable investment conditions 332 N 62nd Street offers an exceptional blend of potential and profitability.

Property Details

Property Features

Property Information:

  • Architectural Style: AirLite
  • Year Built: 1915
  • Living Area: 1,880 SqFt

Listing Office:

  • Office Name: Select Commercial Advisors
  • Office Phone: (215) 315-3326
  • Listing Agent: Piruz Partow

Interior Features

Interior Information:

  • Basement: Yes

Exterior Features

Parking Information:

  • Parking: On Street

Lot Features

Lot Information:

  • Lot Size: 0.04 Acres

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • William L. Sayre High School, Public District Grades 9-12
  • Comm. John Barry Elementary School, Public District Grades KG-8

Other

Directions Information:

  • Directions: From the intersection of Haverford Ave and Girard Ave: Head west on W Girard Ave toward Haverford Ave/SR 3018/State Rte 3018 Turn left onto N 61st St Turn right onto Noble St Turn left onto N 62nd St

Municipality:

  • Philadelphia

Price Information

Listing Price Info

Price Summary:

  • List Price: $399,900
  • Price Per SqFt: $213/SqFt

Tax Information:

  • Annual Amount: $1,422
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Philadelphia, PA.

Med. Sold Price

$257.6K

Med. Price/SqFt

$195

Avg. Days On Market

54

# of Sold Homes

923

332 N 62nd St vs Philadelphia

17 DAYS ON ROCKET

-37 Days

$399,900

+$142.2K More

$213/SqFt

+$18 More

KEY TAKEAWAY

This property is $142.2K more than the Median Sold Price and $18/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: #PAPH2338956

Listing Office:

  • Office Name: Select Commercial Advisors
  • Office Phone: (215) 315-3326
  • Listing Agent: Piruz Partow

IDX 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.

BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2024 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/29/2024, 4:25:20 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Oct 09, 2019Home Sold
$44,000
Jul 12, 2005Home Sold
$60,000

Tax History

YEARPROP. TAXASSESSMENT
2020$1,422 -
2019$1,369$97,800
2018$1,240$88,600
2017$1,240$88,600

History based on county public records data.

Payment Calculator

$2,063

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,265

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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

school-card-donut-3214089
4
/10
  • Comm. John Barry Elementary School

  • 5900 Race St

  • 0.37 miles

  • Public District Grades KG-8

High School

school-card-donut-3214090
3
/10
  • William L. Sayre High School

  • 5800 Walnut St

  • 0.74 miles

  • Public District Grades 9-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $32,396. Most Philadelphia, PA residents have annual incomes less than $35k. Most families are single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas


Rocket HomesPennsylvaniaPhiladelphia CountyPhiladelphia19139332 N 62nd St

This home is located at 332 N 62nd St in Philadelphia, PA and zip code 19139 in the Haddington neighborhood. This 1,880 square foot home, which was built in 1915, sits on a 0.04 acre lot. It has been listed on Rocket Homes since April 12, 2024 and is currently priced at $399,900.

While more than 228 listings in Philadelphia, PA in March 2024 were sold above asking price, there were more than 214 listings sold at asking price, and more than 481 were sold below. In March 2024 in Philadelphia, PA there were 4.6% more homes for sale than in February 2024. In March 2024 median list price was $257,610 and the average listing age was 54 days.

From Rocket Homes Real Estate and based on county public records data.

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