1532 S 2nd St, Philadelphia, PA 19147

Local realty services provided by:ERA Cole Realty
1532 S 2nd St,Philadelphia, PA 19147
$550,000
  • 1 Beds
  • - Baths
  • 1,800 sq. ft.
  • Multi-family
  • Active
Listed by: michael l mita
Office: integrity real estate associates llc.
MLS#:PAPH2550262
Source:BRIGHTMLS

Price summary

  • Price:$550,000
  • Price per sq. ft.:$305.56

About this home

Rarely Offered Pennsport Quadplex – Cash Flow + Value-Add Opportunity! 🔥 Discover this cash-flowing 4-unit multifamily building on the iconic “2 Street” in Pennsport, one of South Philadelphia’s most desirable and fastest-growing neighborhoods. Property Highlights: 💰 Legal Quadplex – Zoned for 4 units, with 4 active rental licenses in hand 🛠️ Value-Add Upside – Currently configured as 5 units (2 fully renovated, 2 with long-term month-to-month tenants paying below-market rents) 🚪 Bonus 5th Unit – Endless potential! Option 1: Use as management office, tenant laundry, or storage space Option 2: Combine 2 units to create a larger premium rental within quadplex zoning At just $137,000 per unit, this property is well below replacement cost and offers significant upside through renovations and rent increases. Once fully updated, this building easily supports a projected value north of $800,000+. Perfect for both buy-and-hold investors and value-add multifamily operators, this is a

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Home facts

  • Year built:1915
  • Listing ID #:PAPH2550262
  • Added:29 day(s) ago
  • Updated:November 20, 2025 at 02:32 PM

Rooms and interior

  • Bedrooms:1
  • Living area:1,800 sq. ft.

Heating and cooling

  • Heating:Heat Pump(s), Natural Gas

Structure and exterior

  • Year built:1915
  • Building area:1,800 sq. ft.
  • Lot area:0.03 Acres

Utilities

  • Water:Cistern
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$550,000
  • Price per sq. ft.:$305.56
  • Tax amount:$2,910 (2025)

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