890 N 42nd St, Philadelphia, PA 19104

Philadelphia
Local realty services provided by:ERA Valley Realty
890 N 42nd St,Philadelphia, PA 19104
$2,999,900
  • 27 Beds
  • - Baths
  • 10,800 sq. ft.
  • Multi-family
  • Active
Listed by: reda b akbil
Office: compass pennsylvania, llc.
MLS#:PAPH2666982
Source:BRIGHTMLS

Price summary

  • Price:$2,999,900
  • Price per sq. ft.:$277.77

About this home

Welcome to 890-892 N 42nd Street, a newer-construction 9-unit multifamily investment opportunity positioned just minutes from University City in Philadelphia’s 19104 zip code. This 2023 newer construction building has been designed around highly functional and desirable 3-bedroom, 2-bathroom residences, the property offers investors a stabilized, turnkey, low maintenance and low taxes through the Philadelphia 10 year tax abatement program and a compelling combination of substantial existing rental income, modern construction, strong tenant appeal, and a predominantly guaranteed voucher-supported rent roll. The property is 100% leased and currently generates approximately $18,701 per month and $224,412 annually in gross rental income. The current rent roll includes a combination of Section 8/voucher-supported and market-rate tenancies, providing a diversified rental structure within the building. Current rents range from approximately $1,936 to $2,200 per month, demonstrating strong...

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Home facts

  • Year built:2023
  • Listing ID #:PAPH2666982
  • Added:58 day(s) ago
  • Updated:November 12, 2026 at 03:13 PM

Rooms and interior

  • Bedrooms:27
  • Living area:10,800 sq. ft.

Heating and cooling

  • Cooling:Central A/C
  • Heating:Central, Electric

Structure and exterior

  • Roof:Fiberglass, Flat
  • Year built:2023
  • Building area:10,800 sq. ft.
  • Lot area:0.11 Acres
  • Construction Materials:Masonry

Utilities

  • Water:Public
  • Sewer:Private Sewer

Finances and disclosures

  • Price:$2,999,900
  • Price per sq. ft.:$277.77
  • Tax amount:$2,617 (2026)

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