7916 LORETTO AVE, Philadelphia, PA 19111
7916 LORETTO AVE, Philadelphia, PA 19111
7916 LORETTO AVE, Philadelphia, PA 19111
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$ 448,000
Est. payment | /mo

2,074 SqFt


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$ 448,000
Est. payment | /mo
Save

2,074 SqFt

Key Details

Property Type Multi-Family

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 2,074 sqft

Price per Sqft $216

Lot Size 3,373 Sqft

MLS Listing ID PAPH2601228

Style Other

Total Units 2

Short Sale No

Originating MLS BRIGHT

Property Description

Well-maintained detached duplex investment opportunity in the Rhawnhurst section of Northeast Philadelphia, offering immediate cash flow with clear upside potential. This two-unit property features (2) spacious 2-bedroom / 1-bath layouts, totaling approximately 2,074 SF on a 3,373 SF lot, with durable brick construction.

The property is 100% occupied, generating $2,450/month in current gross rent. One unit is leased through May 31, 2027, providing income stability, while the second unit is month-to-month, creating a near-term opportunity to adjust rents to market.

Based on current market conditions, comparable two-bedroom units in the immediate area are achieving higher rental rates, presenting a mark-to-market opportunity for increased income. This makes the property well-suited for investors seeking a balance of in-place cash flow and future growth.

Located in a stable, demand-driven rental corridor with convenient access to Castor Avenue, Roosevelt Boulevard, shopping, and public transportation. The detached layout offers added tenant appeal and operational simplicity.

Zoned RSA3. Annual taxes approximately $5,217. Property is not located in a flood hazard area.

Ideal for investors or owner-occupants looking to offset expenses with rental income.

Offered at $448,000.

Location

State PA

County Philadelphia

Area 19111 (19111)

Zoning RSA3

Rooms

Basement Full

Interior

Hot Water Multi-tank, Natural Gas

Heating Baseboard - Hot Water

Cooling Ceiling Fan(s)

Fireplace N

Heat Source Natural Gas

1-purchase type For Sale

Exterior

Waterfront N

Water Access N

Accessibility Other

Parking Type On Street

Building

New Construction N

Foundation Brick/Mortar

Lot Dimensions 33.00 x 103.00

Sewer Public Sewer

Water Public

Architectural Style Other

Additional Building Above Grade, Below Grade

Schools

School District Philadelphia City

Others

Tax Amount $5,217

Tax Year 2025

Tax ID 561187200

Ownership Fee Simple

SqFt Source 2074

Special Sale Standard

Bright MLS (BMLS)
Listed by Cathy Lazauskas • J G McSherry LLC

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7916 LORETTO AVE