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Cara Pearlman

cara@dcsuburbhomes.com +1(202) 641-3008

Listed by Katherine Vail • Elfant Wissahickon-Rittenhouse Square

$ 400,000

Est. payment -/mo

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523 W VENANGO ST Philadelphia, PA 19140

3,074 SqFt

UPDATED:

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

Cara Pearlman

+1(202) 641-3008

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Bethesda, MD

Cara Pearlman

523 W VENANGO ST Philadelphia, PA 19140

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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523 W VENANGO ST