1532 S 2ND ST, Philadelphia, PA 19147

• 1,800 sqft

Property Description

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 rare chance to own a stabilized asset in one of Philadelphia’s most vibrant neighborhoods—steps from restaurants, shops, parks, and public transit. ✅ The numbers work. ✅ Prime location. ✅ Tons of upside. Bring your offers and start building wealth today!

Listing Status:

Active

Date Added:

October 23, 2025 at 05:00AM

Listing Office:

Integrity Real Estate Associates LLC : 2152209848

Listing Agent:

Michael L Mita : 2158805819

MLS ID:

PAPH2550262

Interior

• A/C: None
• Heating: Heat Pump(s)Natural Gas
• Disability Feature: None

Exterior

• General: Above Grade
• Style: Traditional

Construction

• General: MasonryOther

Location

• Originating MLS: BRIGHT_MAIN
• School District: PHILADELPHIA CITY
• County: PHILADELPHIA-PA

Lot

• Zoning: RSA5871500950

Utilities

• Water: Cistern
• Sewer: Public Sewer

Financial

• Source: BRIGHT_MAIN

This listing courtesy of Michael L Mita, Integrity Real Estate Associates LLC