109-15 Carpenter Ln, Philadelphia, PA 19119
Local realty services provided by:ERA Reed Realty, Inc.
109-15 Carpenter Ln,Philadelphia, PA 19119
$1,999,999
- 11 Beds
- - Baths
- 6,428 sq. ft.
- Multi-family
- Active
Listed by: ryan j mcmanus, brandon ribeiro
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:110 day(s) ago
- Updated:February 17, 2026 at 02:35 PM
Rooms and interior
- Bedrooms:11
- 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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