Bought with Sela Elizabeth Fallt • KW Empower
$725,000
$725,000
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2427 BROWN ST Philadelphia, PA 19130
2,808 SqFt
Key Details
Sold Price $725,000
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 2,808 sqft
Price per Sqft $258
Subdivision Art Museum Area
MLS Listing ID PAPH2611022
Sold Date 06/12/26
Style Other
Abv Grd Liv Area 2,808
Year Built 1915
Annual Tax Amount $9,381
Tax Year 2026
Lot Size 1,233 Sqft
Acres 0.03
Lot Dimensions 18.00 x 69.00
Property Sub-Type Detached
Source BRIGHT
Property Description
7 CAP INVESTOR ALERT!!!!!!! - 2427 Brown Street presents a prime location, fully leased, all residential triplex in the heart of Fairmount, one of Philadelphia's most desirable and consistently strong rental markets. This well-maintained, corner property, legally zoned 3-family dwelling spans approximately 2,800 square feet and features an efficient unit mix of two one-bedroom units and one two-bedroom unit, appealing to a broad tenant base. Unit 1 is a 1 bed / 1 bath currently rented for $1,838 per month with a lease expiration of 5/31/2027, Unit 2 is a 1 bed / 1 bath rented for $1,885 per month with a lease expiration of 5/31/2027, and Unit 3 is a 2 bed / 1 bath rented for $1,849 per month with a lease expiration of 5/31/2027, bringing the total gross monthly rent to $5,572. Each unit offers bright, open layouts with excellent natural light and the convenience of in-unit laundry, supporting strong tenant retention and long-term rental performance. The property is 100% occupied with stable tenancy in place, providing immediate cash flow with minimal turnover risk. Constructed of solid brick with a full basement, the building has been well cared for and operates with straightforward expenses, making it a true turnkey asset with additional upside potential. Located just steps from Fairmount Avenue, the Art Museum, and major Center City access points, the property benefits from exceptional walkability, consistent tenant demand, and strong long-term appreciation potential, making it an ideal acquisition for both seasoned investors and those looking to enter the multifamily market in a prime location.
Location
State PA
County Philadelphia
Area 19130 (19130)
Zoning CMX1
Rooms
Basement Full
Interior
Hot Water Natural Gas
Heating Hot Water
Cooling Wall Unit
Fireplace N
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Foundation Other
Above Ground Finished SqFt 2808
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 152261700
Ownership Fee Simple
SqFt Source 2808
Special Listing Condition Standard
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