For Sale
$875,000

261 High StPhiladelphia, PA 19144

Six-unit Philadelphia property, high potential.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a six-unit multifamily property situated in Philadelphia's vibrant Germantown neighborhood at 261 E. High Street. The 7,300 square foot property comprises two detached homes, offering a unique blend of historical charm and modern investment potential. The main structure, a stunning Victorian home, features a breathtaking three-bedroom, bi-level unit with preserved original woodwork and flooring. This unit presents a versatile option, potentially suitable for conversion into a high-yield Airbnb or owner occupancy upon lease expiration. Five additional units are located within the Victorian property. A sixth, detached three-bedroom unit, boasting a spacious open layout, sits behind the main house. Both detached homes include access to two separate garages currently generating rental income, along with ample parking for tenants. The property's prime location offers easy access to public transportation, schools, and shopping centers, ensuring a strong tenant pool. This well-maintained property, with its spacious living areas and significant curb appeal, promises steady rental income and substantial appreciation potential. Detailed financial projections are available upon request. This is a rare opportunity to acquire a substantial multifamily property in a desirable Philadelphia location.

Highlights

  • $875,000 asking price.
  • 7,300 square foot multifamily property on a land parcel.
  • Six-unit multifamily investment opportunity in Philadelphia's Germantown neighborhood.
  • Property consists of two detached homes, including a Victorian with original woodwork.
  • Features two detached garages and ample parking.

Property Details for 261 High St

Property type
Land, Apartment buildings
Square Feet
7,300 SF

Location Insight

City
Philadelphia
County
Philadelphia
State
Pennsylvania
Latitude
40.043003
Longitude
-75.1744919
261 High St, Philadelphia, Pennsylvania

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261 High St
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