2532-38 Alter St, Philadelphia, PA 19146
Local realty services provided by:ERA Martin Associates
2532-38 Alter St,Philadelphia, PA 19146
$2,600,000
- 16 Beds
- - Baths
- 2,094 sq. ft.
- Multi-family
- Active
Listed by: billie motto
Office: realty management works llc.
MLS#:PAPH2652854
Source:BRIGHTMLS
Price summary
- Price:$2,600,000
- Price per sq. ft.:$1,241.64
About this home
Rare opportunity to acquire a portfolio of four newer-construction duplexes offered together in one of Philadelphia's fastest-growing neighborhoods. Built between 2019 and 2021, these low-maintenance investment properties are being sold as a portfolio, with a minimum purchase of three duplexes required, offering excellent scalability for investors looking to expand their holdings.
Each duplex consists of two well-appointed units:
The upper unit features 2 bedrooms, 2.5 bathrooms, a spacious 21-foot-wide open-concept layout, hardwood flooring throughout, quartz countertops, stainless steel appliances, a full-size in-unit washer and dryer, generously sized bedrooms, a primary suite with an en-suite bath, and exclusive access to a private rooftop deck.
The lower unit offers 2 bedrooms and 2 bathrooms with an open floor plan, hardwood floors, abundant natural light, a modern kitchen with white cabinetry, quartz countertops, stainless steel appliances, a full-size in-unit washer and dryer, spacious bedrooms, a primary suite with an en-suite bath, and a private rear patio.
This fully leased portfolio has experienced consistently high occupancy with an exceptionally low vacancy rate, providing immediate, reliable cash flow. Current rent roll and lease terms are available upon request.
Ideally located just minutes from the University of Pennsylvania, Drexel University, and Center City, the properties are convenient to Philadelphia's top employers, restaurants, shopping, and cultural attractions.
Generating $192,600 in gross annual rental income, this turnkey portfolio combines strong in-place cash flow, newer construction, low maintenance, and long-term appreciation potential. Whether you're completing a 1031 exchange or looking to scale your multifamily portfolio, this is an exceptional opportunity to acquire multiple stabilized assets in a single transaction....
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Home facts
- Year built:2018
- Listing ID #:PAPH2652854
- Added:62 day(s) ago
- Updated:September 28, 2026 at 01:56 PM
Rooms and interior
- Bedrooms:16
- Basement:Yes
- Basement Description:Full
- Living area:2,094 sq. ft.
Heating and cooling
- Cooling:Central A/C
- Heating:90% Forced Air, Natural Gas
Structure and exterior
- Year built:2018
- Building area:2,094 sq. ft.
- Lot area:0.02 Acres
- Architectural Style:Contemporary, Traditional
- Construction Materials:Block, Brick
- Foundation Description:Brick/Mortar
Utilities
- Water:Public
- Sewer:Public Septic
Finances and disclosures
- Price:$2,600,000
- Price per sq. ft.:$1,241.64
- Tax amount:$7,139 (2027)
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