109-15 Carpenter Ln, Philadelphia, PA 19119
Local realty services provided by:ERA Martin Associates
109-15 Carpenter Ln,Philadelphia, PA 19119
$1,999,999
- 14 Beds
 - - Baths
 - 6,428 sq. ft.
 - Multi-family
 - Active
 
Listed by:ryan j mcmanus
Office:keller williams liberty place
MLS#:PAPH2552886
Source:BRIGHTMLS
Price summary
- Price:$1,999,999
 - Price per sq. ft.:$311.14
 
About this home
109 Carpenter Lane is a turnkey multifamily property located in the coveted West Mount Airy submarket of Philadelphia, Pennsylvania — a Top-10 USA MSA — now available as a turnkey real estate investment opportunity for qualified investors. With eight (8) units rented below market coupled with a private parking area for residents, sited on a generously proportioned, suburban-style ±20K SF parcel, 109 Carpenter Lane presents an immediate cash-flowing asset with nearly a half-acre of land in a transit-oriented, amenity-rich neighborhood in Northwest Philly known for its bucolic feel, local parks, and laid-back lifestyle. The apartments are outfitted with hardwood floors, shaker cabinetry, stainless steel appliances, recessed lighting and high ceilings. A diverse unit mixture in the apartment building includes studio, 1bd and 2bd apartments, ensuring that this apartment remains in high demand within the sought-after rental marketplace. Originally constructed in 1929 and fully renovated in 2015, the multifamily property carries a 10 year tax abatement through 2027. Emanating with original detail and charm, 109 Carpenter Lane boasts stained-glass windows, early-century masonry, expert carpentry/millwork and more — while still offering contemporary kitchens and bathrooms built to today's expectational standards. A combination of central air and mini splits ensure thermal comfort year-round. Minimal OPEX. Rental upside via parking income, storage income, utility rubs — producing a juicy cap rate. Enquire within for financials and floorplans for this NWPHL gem  of a property.   
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Home facts
- Year built:1884
 - Listing ID #:PAPH2552886
 - Added:4 day(s) ago
 - Updated:November 03, 2025 at 04:03 PM
 
Rooms and interior
- Bedrooms:14
 - Living area:6,428 sq. ft.
 
Heating and cooling
- Cooling:Central A/C, Ductless/Mini-Split
 - Heating:Central, Natural Gas, Wall Unit
 
Structure and exterior
- Year built:1884
 - Building area:6,428 sq. ft.
 - Lot area:0.46 Acres
 
Utilities
- Water:Public
 - Sewer:Public Sewer
 
Finances and disclosures
- Price:$1,999,999
 - Price per sq. ft.:$311.14
 - Tax amount:$3,463 (2025)
 
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