616 N 42nd St, Philadelphia, PA 19104

Philadelphia
Local realty services provided by:ERA Valley Realty
616 N 42nd St,Philadelphia, PA 19104
$975,000
  • - Beds
  • - Baths
  • 3,066 sq. ft.
  • Multi-family
  • Active
Listed by: denise a frazier
Office: keller williams main line
MLS#:PAPH2679454
Source:BRIGHTMLS

Price summary

  • Price:$975,000
  • Price per sq. ft.:$318

About this home

Fantastic opportunity to acquire a newer-construction, tax-abated quadruplex at 616 N 42nd Street. This modern multifamily investment features four residential units consisting of two 1-bedroom apartments and two 2-bedroom apartments, offering an attractive unit mix and multiple streams of rental income. The combination of newer construction and an existing tax abatement makes this an especially appealing opportunity for investors. Modern construction and systems can help minimize near-term capital expenditures and maintenance, while the tax abatement helps reduce operating expenses and strengthen the property's income potential. The mix of one- and two-bedroom apartments provides broad rental appeal, while the property's location offers convenient access to public transportation, neighborhood amenities, universities, and major routes throughout Philadelphia. Whether you're expanding an existing portfolio or looking for a newer multifamily asset with favorable tax benefits, 616 N...

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Home facts

  • Year built:2021
  • Subdivision & Development:PHILADELPHIA (WEST)
  • Listing ID #:PAPH2679454
  • Added:3 day(s) ago
  • Updated:October 17, 2026 at 01:48 PM

Rooms and interior

  • Rooms Total:14
  • Flooring:Ceramic Tile, Hardwood
  • Basement:Yes
  • Basement Description:Full
  • Living area:3,066 sq. ft.

Heating and cooling

  • Cooling:Central A/C
  • Heating:Forced Air, Natural Gas

Structure and exterior

  • Roof:Flat, Rubber
  • Year built:2021
  • Building area:3,066 sq. ft.
  • Lot area:0.04 Acres
  • Architectural Style:Contemporary
  • Construction Materials:Brick, Concrete, Vinyl Siding
  • Exterior Features:Balcony, Patio(s)
  • Foundation Description:Concrete Perimeter

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$975,000
  • Price per sq. ft.:$318
  • Tax amount:$2,800 (2026)

Features and amenities

  • Amenities:100 Amp Service

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