About This Home

This 0-bedroom, 0-bathroom residential multi family at 1642 SOUTH Street in Philadelphia, PA is listed for $1,475,000 ($390 per sqft). Built in 2002, the home offers 3,785 sqft of living space on a 0.03 acres lot.

Key Features

  • Built in 2002
  • 0.03 acre lot

Property Details

2002

Amenities

A/C
Listing Description

Positioned on a prime corner of one of the city's most vibrant corridors, 1642 South Street represents a rare chance to acquire a high-performing, fully occupied asset. This isn't just a building; it's a turnkey addition to any portfolio where you can start collecting rent on day one.

The property features two expansive 2-bedroom, 2-bathroom apartments that feel incredibly airy and bright. Thanks to the corner orientation, oversized windows to the north and east flood the living spaces with natural light, creating a sense of volume and warmth that is hard to find in urban rentals.

These units offer the kind of scale and layout that keeps occupancy high and turnover low. Anchoring the building is a thriving commercial space occupied by a long-term triple net (NNN) tenant. With a recently signed five-year renewal and an additional five-year option on the table, the ground floor provides the kind of stability and hands-off management investors crave.

This is an investor's dream defined by immediate cash flow, significant upside, and a location that continues to see incredible momentum. Between the steady commercial income and the high-demand residential units, the value proposition here is undeniable. Don't miss this opportunity to own this great building.

Monthly Cost Estimate

$7,889/mo

20% down · 6.5% · 30 years

Principal$1,067
Interest$6,392
Insurance$430

Estimates only. Actual payments may vary.

Location

1642 SOUTH Street

Philadelphia, PA 19146

GRADUATE HOSPITAL

Property Details

Construction

Masonry

Parking

On Street

Heating

Forced Air

Cooling

Central Air

Appliances

Washer/Dryer StackedOven/Range - GasDishwasherBuilt-In MicrowaveRefrigeratorFreezerWaterHeater

Questions & Answers

This 0-bedroom, 0-bathroom residential multi family at 1642 SOUTH Street is listed at $1,475,000 ($390/sqft). The estimated monthly payment is $7,888 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 2002, 0.03 acre lot.

This property is listed by Matthew Ostroff.

MO

Matthew Ostroff

Agent at Compass

Listed by Compass · Broker phone: 2674358015 · View on Broker Site · Broker website

MLS# PAPH2657594· Source: Bright MLS· 72 days on PropertySimple

Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

1642 SOUTH Street, Philadelphia, PA 19146

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