902 S 47TH ST Philadelphia, PA 19143
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 3,690 sqft
Price per Sqft $132
Subdivision Cedar Park
MLS Listing ID PAPH2575774
Style Straight Thru
Abv Grd Liv Area 3,690
Year Built 1895
Annual Tax Amount $9,480
Tax Year 2025
Lot Size 3,182 Sqft
Acres 0.07
Lot Dimensions 37.00 x 86.00
Property Sub-Type Detached
Source BRIGHT
Property Description
This Victorian property is a fully licensed quadruplex and also holds a Single Family with Rooming House license (10 bedrooms). With over 50 years of use as a college fraternity house, this property presents an exceptional value-add investment opportunity 📈.
The owner has already started the conversion into four independent income-producing units:
UNIT BREAKDOWN:
Unit 1: 3 Bedrooms | 1 Full Bath | In-Unit Laundry
Unit 2: 3 Bedrooms | 1 Full Bath | In-Unit Laundry
Unit 3: 1 Bedroom | 1 Full Bath | In-Unit Laundry
Unit 4: 1 Bedroom | 1 Full Bath | In-Unit Laundry
Additional features include separate utilities, basement storage, a spacious front porch, a large attic with expansion potential, and a high-ceiling basement—ideal for future value creation.
MAJOR CAPITAL IMPROVEMENTS ALREADY COMPLETED:
All plumbing fully replaced
Three brand-new water heaters installed
Electrical work approximately 50% completed
The property is being sold AS-IS, offering investors the opportunity to complete the renovation, increase rental income, and unlock strong returns 💰. Conveniently located near restaurants, schools, cafes, churches, and entertainment, ensuring strong rental demand.
Don't miss this rare opportunity to acquire a licensed quadruplex with significant income potential. 🔑
Location
State PA
County Philadelphia
Area 19143 (19143)
Zoning RSA3
Rooms
Basement Unfinished, Partially Finished
Interior
Hot Water Natural Gas
Heating Baseboard - Hot Water
Cooling Window Unit(s)
Fireplace N
Heat Source Natural Gas
Exterior
Water Access N
Accessibility 2+ Access Exits
Garage N
Building
Foundation Concrete Perimeter
Above Ground Finished SqFt 3690
Sewer Private Sewer
Water Public
Architectural Style Straight Thru
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 461201400
Ownership Fee Simple
SqFt Source 3690
Acceptable Financing FHA 203(k), Cash, Conventional
Listing Terms FHA 203(k), Cash, Conventional
Financing FHA 203(k),Cash,Conventional
Special Listing Condition Standard
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