1516 Arrott St, Philadelphia, PA 19124
Local realty services provided by:Mountain Realty ERA Powered
Listed by: maria maria quattrone quattrone
Office: lpt realty, llc.
MLS#:PAPH2661824
Source:BRIGHTMLS
Price summary
- Price:$250,000
- Price per sq. ft.:$110.23
About this home
Live in One, Rent the Rest: Frankford Quadruplex with CRA Financing and $15,000 in Credits.
House hack alert. This property qualifies for CRA financing with just 3% down, no PMI, and an interest rate lower than FHA. Stack a $5,000 lender credit with the Philly First Home $10,000 grant, applied to closing costs or prepaids, and an owner occupant can step into an income producing building for a fraction of what most buyers spend on a single family home. The buyer must occupy the property as their primary residence to qualify.
Welcome to a rare multi unit opportunity in the heart of Frankford. This three story brick twin has 4 units with one studio and three one bedroom units, each with its own full bathroom. One front entrance and two side entrances keep resident access simple and private, accessible from the rear of the first floor unit, adds storage or expansion potential.
Two units are rented and two are vacant, giving a new owner immediate income plus the flexibility to move in, renovate, or lease at market rates. Total rental potential is approximately $3,000 per month, and the fully renovated building next door shows exactly where this corridor is heading.
Frankford keeps you connected: the Market Frankford Line and the Frankford Transportation Center put Center City within easy reach, with shopping and dining along Frankford Avenue nearby. Occupied units require 24 hour notice for showings.
Whether you are an owner occupant looking to live nearly payment free or an investor adding a value add asset, this one checks the boxes. Schedule your private showing today....
Contact an agent
Home facts
- Year built:1935
- Subdivision & Development:FRANKFORD
- Listing ID #:PAPH2661824
- Added:14 day(s) ago
- Updated:September 23, 2026 at 01:39 PM
Rooms and interior
- Bedrooms:3
- Basement:Yes
- Basement Description:Full
- Living area:2,268 sq. ft.
Heating and cooling
- Heating:Forced Air, Natural Gas
Structure and exterior
- Year built:1935
- Building area:2,268 sq. ft.
- Lot area:0.05 Acres
- Lot Features:Urban
- Architectural Style:Colonial
- Construction Materials:Masonry
- Exterior Features:Sidewalks, Street Lights
- Foundation Description:Stone
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$250,000
- Price per sq. ft.:$110.23
- Tax amount:$2,658 (2026)
Parking
- Parking description:On Street
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