2638 PRATT ST Philadelphia, PA 19137
3,021 SqFt
UPDATED:
Key Details
Property Type Multi-Family, Townhouse
Sub Type End of Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 3,021 sqft
Price per Sqft $198
MLS Listing ID PAPH2668320
Style Contemporary
Abv Grd Liv Area 3,021
Year Built 1925
Annual Tax Amount $4,665
Tax Year 2026
Lot Size 2,033 Sqft
Acres 0.05
Lot Dimensions 20.00 x 100.00
Property Sub-Type End of Row/Townhouse
Source BRIGHT
Property Description
The property consists of two spacious residential units, including a two-bedroom, one-and-a-half-bathroom unit and a three-bedroom, two-bathroom unit. Both units are currently occupied, providing immediate in-place rental income of $3,250 per month. The property's larger floor plans and multi-bedroom configurations offer residents significantly more living space than a typical apartment while providing ownership with a diversified two-unit income stream.
2638 Pratt Street has benefited from recent improvements, with updated interiors designed around modern residential living. The units feature open living areas, well-sized bedrooms, modern kitchens with stainless steel appliances, central air, and abundant natural light. The corner positioning of the property provides numerous windows throughout the building, while the detached two-car garage adds additional functionality and distinguishes the property from many competing residential assets in the surrounding neighborhood.
Located in Bridesburg, the property benefits from a residential neighborhood setting while maintaining convenient connectivity throughout Philadelphia. Residents have access to neighborhood shopping, dining, public transportation, and major roadways, with nearby access to I-95 providing convenient travel to Center City Philadelphia, Northeast Philadelphia, and the surrounding region.
From an investment perspective, 2638 Pratt Street offers the opportunity to acquire an occupied multifamily asset with immediate rental income and a desirable mix of two- and three-bedroom units. The property's renovated condition can help limit near-term capital requirements, while its larger residential layouts, corner location, and garage provide characteristics that can support continued tenant demand and long-term ownership.
With two occupied apartments, $3,250 in current monthly residential rent, renovated interiors, a detached two-car garage, and a well-connected Bridesburg location, 2638 Pratt Street presents investors with an opportunity to acquire a manageable multifamily property combining current cash flow with long-term investment potential. Offered for sale at $525,000, the property provides an accessible entry point into Philadelphia multifamily ownership with established in-place tenancy.
Location
State PA
County Philadelphia
Area 19137 (19137)
Zoning RSA5
Rooms
Basement Partially Finished
Interior
Hot Water Natural Gas
Heating Hot Water
Cooling Central A/C
Inclusions Washer, Dryer, Refrigerator
Heat Source Natural Gas
Exterior
Parking Features Garage - Side Entry
Garage Spaces 2.0
Water Access N
Accessibility None
Total Parking Spaces 2
Garage Y
Private Pool No
Building
Foundation Stone
Above Ground Finished SqFt 3021
Sewer Public Sewer
Water Public
Architectural Style Contemporary
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 453139900
Ownership Fee Simple
SqFt Source 3021
Acceptable Financing Cash, Conventional, VA
Listing Terms Cash, Conventional, VA
Financing Cash,Conventional,VA
Special Listing Condition Standard
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Owner License ID: 0225072428