1532 S 2 Nd St

Highlights:

• Days on Market: 4
• Heating: Heat Pump(s)

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!

---

Report Listing This listing was syndicated through:

Listing ID: 804253670370