1427 W Ritner St, Philadelphia, PA 19145
Local realty services provided by:ERA OakCrest Realty, Inc.
1427 W Ritner St,Philadelphia, PA 19145
$489,999
- 3 Beds
- - Baths
- 2,016 sq. ft.
- Multi-family
- Active
Listed by: matthew bigelow, antonio atacan
Office: kw empower
MLS#:PAPH2592318
Source:BRIGHTMLS
Price summary
- Price:$489,999
- Price per sq. ft.:$243.06
About this home
A rare opportunity to buy in one of Philadelphia's most enduring and high-demand neighborhoods. This striking 3-story masonry rowhome occupies a corner position just one block off bustling Passyunk Avenue — one of South Philadelphia's most celebrated corridors, known for its award-winning restaurants, cafés, boutique shops, and locally owned businesses that keep foot traffic and rental demand consistently strong. Outdoor enthusiasts will appreciate the proximity to FDR Park, and commuters will love the quick access to the Broad Street Line and SEPTA, offering an easy ride to Center City, the stadiums, and major transit connections throughout the region.
The building offers approximately 2,016 square feet above grade plus a basement and is currently generating income as a multi-unit investment property. Units were thoughtfully updated approximately 5 years ago — kitchens and baths vary by unit but reflect genuine investment, with highlights including stylish black and white subway tile baths and well-appointed kitchens with updated cabinetry and countertops. Electric is separately metered by unit, keeping operating costs lean and management straightforward. Current rents are well below market, giving a new owner significant upside potential from day one.
Three one bedroom, one bathroom units, and two studio units. One studio unit with private side entrance. All but one unit are currently occupied with tenants on month-to-month leases, delivering immediate cash flow while affording a new owner complete flexibility to reposition, reconfigure, or re-tenant the property entirely on their own terms. Financials available upon request.
Opportunities like this in this location don't come along often. Schedule your showing today!
Seller will not make repairs. Buyer is responsible for Use & Occupancy certificate and all due diligence....
Contact an agent
Home facts
- Year built:1920
- Listing ID #:PAPH2592318
- Added:148 day(s) ago
- Updated:August 21, 2026 at 01:38 PM
Rooms and interior
- Bedrooms:3
- Living area:2,016 sq. ft.
Heating and cooling
- Heating:Electric, Forced Air
Structure and exterior
- Year built:1920
- Building area:2,016 sq. ft.
- Lot area:0.02 Acres
- Construction Materials:Masonry
- Foundation Description:Brick/Mortar
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$489,999
- Price per sq. ft.:$243.06
- Tax amount:$5,785 (2025)
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