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About This Home

This 0-bedroom, 0-bathroom residential multi family at 709 S 56TH Street in Philadelphia, PA is listed for $189,900 ($102 per sqft). Built in 1920, the home offers 1,862 sqft of living space on a 0.03 acres lot.

Agent Description

Investors - this is you don't want to miss! We've lowered the asking price on this cash-flowing Cobbs Creek duplex, and the numbers now exceed the 1% rule: collected rents represent 1% or more of the new sale price. That's day-one cash flow with room to grow.

Both two-bedroom units are tenant-occupied and producing income now - no lease-up period, no vacancy risk out of the gate. While your tenants pay down the asset, you plan your next move. A rundown of the asset: The first-floor unit sits on a full-footprint unfinished basement with walk-out access - a blank canvas for additional storage, utility space, or a future value-add play.

The second-floor unit was kitchen-renovated last year and features a large covered porch and an oversized dining/kitchen layout that tenants love. Location works for you too - bus lines at the door and Baltimore Ave trolley just blocks away means strong rental demand isn't going anywhere. Being sold AS-IS. Priced to move. The seller is motivated and the math is already working in your favor - this is the rare opportunity where the deal is done before you even close.

Key Features

  • Built in 1920
  • 0.03 acre lot

Property Details

1920

Monthly Cost Estimate

$1,016/mo

20% down · 6.5% · 30 years

Principal$137
Interest$823
Insurance$55

Estimates only. Actual payments may vary.

Location

709 S 56TH Street

Philadelphia, PA 19143

Property Details

Construction

Masonry

Heating

Other (Heating)

Appliances

RefrigeratorOven/Range - GasWasherDryer

Questions & Answers

This 0-bedroom, 0-bathroom residential multi family at 709 S 56TH Street is listed at $189,900 ($102/sqft). The estimated monthly payment is $823 based on 20% down at 6.5% interest.

Key features include: Built in 1920, 0.03 acre lot.

This property is listed by Karmen N Fails and can be reached at 2159876625 or karmen@commongroundrealtors.com.

KF

Karmen N Fails

Agent at Common Ground Realtors

(215) 987-6625

Listed by Common Ground Realtors · View on Broker Site

MLS# PAPH2596626· Source: listhub· Updated 73 days ago

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.

709 S 56TH Street, Philadelphia, PA 19143

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