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Nick Lutkins

nick@lutkinsgroup.com +1(703) 626-6276

Listed by Alex Lam • EXIT Elevate Realty

$549,000

Est. payment - /mo

2,286 SqFt

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Key Details

Property Type Multi-Family, Townhouse

Sub Type Interior Row/Townhouse

Listing Status Active

Purchase Type For Sale

Square Footage 2,286 sqft

Price per Sqft $240

MLS Listing ID PAPH2666398

Style AirLite

Abv Grd Liv Area 2,286

Year Built 1915

Annual Tax Amount $6,100

Tax Year 2026

Lot Size 1,190 Sqft

Acres 0.03

Property Sub-Type Interior Row/Townhouse

Source BRIGHT

Property Description

Welcome to 523 Dickinson Street, a legal triplex offering an excellent opportunity for investors seeking rental income with immediate upside. The property features three residential units, all separate utility meters, and a desirable South Philadelphia location in the 19147 zip code. The first-floor unit is currently occupied and generating $1,300 per month, providing immediate rental income to the new owner. The second-floor unit is vacant and offers an estimated rental opportunity of approximately $1,300 per month, while the third-floor unit is also vacant and offers an estimated rental opportunity of approximately $1,195 per month. At projected rents, the property has the potential to generate approximately $3,795 per month, or $45,540 annually, in gross rental income. The two vacant units provide a new owner the opportunity to live in one unit as an owner-occupant or to lease up the property and increase overall cash flow. Separate meters further enhance the investment profile by allowing for more efficient utility management. Offered at $549,000, this is an excellent opportunity to acquire a legal triplex with an existing income stream, additional rental upside, and the potential for long-term appreciation in one of Philadelphia's highly sought-after neighborhoods. Conveniently located near Center City, Passyunk Square, shopping, restaurants, public transportation, and major roadways. Whether you're an experienced investor expanding your portfolio or a buyer looking for an income-producing property, 523 Dickinson Street is worth a closer look.

Location

State PA

County Philadelphia

Area 19147 (19147)

Zoning RSA5

Rooms

Basement Dirt Floor

Interior

Hot Water 60+ Gallon Tank

Heating Baseboard - Hot Water

Cooling Window Unit(s)

Equipment Oven - Single, Refrigerator

Fireplace N

Appliance Oven - Single, Refrigerator

Heat Source Natural Gas

Laundry None

Exterior

Water Access N

Accessibility Doors - Lever Handle(s)

Garage N

Private Pool No

Building

Foundation Brick/Mortar, Block

Above Ground Finished SqFt 2286

Sewer Public Sewer

Water Public

Architectural Style AirLite

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District Philadelphia City

Others

Tax ID 011263000

Ownership Fee Simple

SqFt Source 2286

Acceptable Financing Cash, Conventional, FHA

Listing Terms Cash, Conventional, FHA

Financing Cash,Conventional,FHA

Special Listing Condition Standard

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NEARBY SCHOOL & BUSINESS

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Nick Lutkins

+1(703) 626-6276

Team Leader, Realtor

523 DICKINSON ST Philadelphia, PA 19147

Nick Lutkins

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION