523 W VENANGO ST new to site Save Request In-Person Tour Request Virtual Tour
Philadelphia,PA 19140
Key Details
Property Type Multi-Family, Townhouse
Sub Type End of Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 3,074 sqft
Price per Sqft $130
Subdivision Nicetown-Tioga
MLS Listing ID PAPH2540810
Style Back-to-Back,Contemporary
Abv Grd Liv Area 2,824
Year Built 1925
Available Date 2025-09-24
Annual Tax Amount $1,383
Tax Year 2025
Lot Size 2,066 Sqft
Acres 0.05
Lot Dimensions 21.00 x 100.00
Property Sub-Type End of Row/Townhouse
Source BRIGHT
Property Description
Love garages? Looking for a high-performing investment property with an impressive 16.45% cap rate and reliable tenants? Welcome to 523 W Venango Avenue. This pristine corner triplex with three garages showcases the care and attention the owner has invested. Each unit has been thoughtfully updated with modern kitchens, new flooring, renovated bathrooms, and electric baseboard heating. The building offers a mix of one studio, one two-bedroom, and one one-bedroom apartment. The garages are a standout feature—equipped with electric roll-up doors, heating, excellent overhead lighting, and extra storage space, plus a bonus upstairs mini office with AC and heat. The basement has been set up as a workshop, adding even more versatility to the property. Recent upgrades highlight the property's turnkey condition, including a new roof installed in 2022, four new water heaters added in 2023, 100-amp service for each apartment, replacement windows throughout, and current lead testing. This is a rare opportunity to own a fully upgraded property with strong income, modern improvements, and unique features that set it apart. Close to Temple and Temple Hospital, close to several bus line and stores for tenants within walking distance.
Location
State PA
County Philadelphia
Area 19140 (19140)
Zoning RSA5
Rooms
Basement Full,Improved,Outside Entrance,Poured Concrete,Workshop
Interior
Hot Water Natural Gas
Heating Baseboard - Electric
Cooling Window Unit(s)
Flooring Ceramic Tile,Partially Carpeted,Vinyl
Inclusions all appliances
Fireplace N
Heat Source Electric
Exterior
Parking Features Garage Door Opener,Garage - Front Entry,Additional Storage Area,Oversized
Garage Spaces 3.0
Water Access N
Roof Type Flat
Accessibility 2+ Access Exits
Attached Garage 3
Total Parking Spaces 3
Garage Y
Building
Foundation Brick/Mortar
Sewer Public Septic
Water Public
Architectural Style Back-to-Back,Contemporary
Additional Building Above Grade,Below Grade
Structure Type Dry Wall
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 884349175
Ownership Fee Simple
SqFt Source 3074
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Financing Cash,Conventional
Special Listing Condition Standard