# 1642 SOUTH Street, Philadelphia, PA 19146

> **TL;DR:** residential multi family, $1,475,000 ($390/sqft), built 2002, 3,785 sqft.
> A/C. Est. $7,888/mo. Listed 74 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $1,475,000 |
| Price/sqft | $390 |
| Square Feet | 3,785 |
| Year Built | 2002 |
| Lot Size | 1,416 sqft (0.03 acres) |
| Property Type | Residential Multi Family (Other) |
| Status | Active |
| Days on Market | 74 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $7,458 |
| Estimated Insurance | $430 |
| **Total** | **$7,888** |

## Key Amenities

- A/C

## Property Highlights

- Built in 2002
- 0.03 acre lot

## Description

### Agent 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.

## Location

- **Address:** 1642 SOUTH Street, Philadelphia, PA 19146
- **County:** PHILADELPHIA
- **Neighborhood:** GRADUATE HOSPITAL
- **Coordinates:** 39.944115, -75.170204
- **Google Maps:** https://www.google.com/maps?q=39.944115,-75.170204

## Listing Agent

- **Name:** Matthew Ostroff
- **Brokerage:** Compass
- **Broker Phone:** 2674358015
- **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/1642-South-St_Philadelphia_PA_19146_M42429-71890?f=listhub&s=TRENDPA&m=PAPH2657594&c=propsimple)

## Photos

![1642 SOUTH Street - Photo 1](http://lh.rdcpix.com/8d4dc6c5fc5eefbd0712a7d885890912l-f2823098302r.jpg)

![1642 SOUTH Street - Photo 2](http://lh.rdcpix.com/8d4dc6c5fc5eefbd0712a7d885890912l-f198093595r.jpg)

![1642 SOUTH Street - Photo 3](http://lh.rdcpix.com/8d4dc6c5fc5eefbd0712a7d885890912l-f1778611106r.jpg)

![1642 SOUTH Street - Photo 4](http://lh.rdcpix.com/8d4dc6c5fc5eefbd0712a7d885890912l-f2935770443r.jpg)

![1642 SOUTH Street - Photo 5](http://lh.rdcpix.com/8d4dc6c5fc5eefbd0712a7d885890912l-f3365223101r.jpg)

![1642 SOUTH Street - Photo 6](http://lh.rdcpix.com/8d4dc6c5fc5eefbd0712a7d885890912l-f4179096786r.jpg)

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![1642 SOUTH Street - Photo 8](http://lh.rdcpix.com/8d4dc6c5fc5eefbd0712a7d885890912l-f4028910100r.jpg)

![1642 SOUTH Street - Photo 9](http://lh.rdcpix.com/8d4dc6c5fc5eefbd0712a7d885890912l-f3758434175r.jpg)

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![1642 SOUTH Street - Photo 32](http://lh.rdcpix.com/8d4dc6c5fc5eefbd0712a7d885890912l-f1884316098r.jpg)

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![1642 SOUTH Street - Photo 35](http://lh.rdcpix.com/8d4dc6c5fc5eefbd0712a7d885890912l-f2840444712r.jpg)

![1642 SOUTH Street - Photo 36](http://lh.rdcpix.com/8d4dc6c5fc5eefbd0712a7d885890912l-f1011240579r.jpg)

![1642 SOUTH Street - Photo 37](http://lh.rdcpix.com/8d4dc6c5fc5eefbd0712a7d885890912l-f495840874r.jpg)

![1642 SOUTH Street - Photo 38](http://lh.rdcpix.com/8d4dc6c5fc5eefbd0712a7d885890912l-f837962380r.jpg)

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![1642 SOUTH Street - Photo 42](http://lh.rdcpix.com/8d4dc6c5fc5eefbd0712a7d885890912l-f3855749011r.jpg)

![1642 SOUTH Street - Photo 43](http://lh.rdcpix.com/8d4dc6c5fc5eefbd0712a7d885890912l-f1165631146r.jpg)

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![1642 SOUTH Street - Photo 45](http://lh.rdcpix.com/8d4dc6c5fc5eefbd0712a7d885890912l-f4105444613r.jpg)

![1642 SOUTH Street - Photo 46](http://lh.rdcpix.com/8d4dc6c5fc5eefbd0712a7d885890912l-f1942175211r.jpg)

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![1642 SOUTH Street - Photo 51](http://lh.rdcpix.com/8d4dc6c5fc5eefbd0712a7d885890912l-f2427401619r.jpg)

![1642 SOUTH Street - Photo 52](http://lh.rdcpix.com/8d4dc6c5fc5eefbd0712a7d885890912l-f155126327r.jpg)

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![1642 SOUTH Street - Photo 54](http://lh.rdcpix.com/8d4dc6c5fc5eefbd0712a7d885890912l-f2168162569r.jpg)

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![1642 SOUTH Street - Photo 57](http://lh.rdcpix.com/8d4dc6c5fc5eefbd0712a7d885890912l-f3071892016r.jpg)

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![1642 SOUTH Street - Photo 65](http://lh.rdcpix.com/8d4dc6c5fc5eefbd0712a7d885890912l-f3310635104r.jpg)

---

**MLS#:** PAPH2657594 | **Updated:** 2026-10-20
**Source:** listhub

*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.*

[View on PropertySimple](https://www.propertysimple.ai/listing/1642-south-street-philadelphia-pa-19146-e5bb40e6d7bb4f3bbad5fcc12dc16715)

---

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