2013 Germantown Ave
Philadelphia, PA 19122
- – beds
- – baths
- 2,925 sqft
- 830 sqft lot
- $203 per sqft
- 2024 build
Prime Luxury Duplex – 6.8% Cap Rate + 10-Year Tax Abatement Pending! This brand-new (Fall 2024) luxury duplex in Norris Square is a high-performance investment, delivering $4,059/month in rental income with a strong 6.8% cap rate and a pending 10-year tax abatement—driving profits up while keeping expenses low. Fully leased with long-term stability, Unit 1 (2 bed/2.5 bath) rents for $1,950/month and offers a private backyard, while Unit 2 (3 bed/3 bath) commands $2,109/month with an exclusive rooftop deck boasting stunning city views—premium features that attract and retain top-tier tenants. Both units are secured with two-year leases, ensuring consistent cash flow. Designed for effortless income generation, this all-electric property is packed with high-end finishes, soaring ceilings, recessed lighting, durable vinyl plank flooring, and sleek stainless steel appliances. Positioned in a booming rental corridor near Fishtown and major transit routes, this is a rare, low-maintenance asset with strong appreciation potential. Invest with confidence—secure this high-yield, high-growth property before it’s gone!
Last checked:
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Last updated Feb 12, 2025
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MLS# PAPH2444566 —
The Building
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Year Built:2024
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Year Built Source:Estimated
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Roof:Fiberglass
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New Construction:Yes
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Construction Materials:Frame
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Construction Completed:Yes
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Building Units Total:2
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Structure Type:Detached
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Architectural Style:Contemporary
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Security Features:Security Gate, Sprinkler System - Indoor
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Accessibility Features:None
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Foundation Details:Concrete Perimeter
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Basement:Yes
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Basement Type:Fully Finished
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Total SqFt Source:Estimated
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Total Below Grade SqFt:675
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Total Below Grade SqFt Source:Estimated
Interior
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Interior Features:Primary Bath(s), Recessed Lighting, Walk-in Closet(s)
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Flooring Type:Luxury Vinyl Plank, Ceramic Tile
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Fireplace:No
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Living Area SqFt Source:Estimated
Room Dimensions
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Total SqFt:2925
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Living Area SqFt:2,925 Sqft
Financial & Terms
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Sale Type:Standard
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Acceptable Financing:Cash, Conventional, FHA, VA
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Possession:Negotiable
Location
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Directions:GPS FOR BETTER DIRECTIONS
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Cross Street:W. Norris St.
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Latitude:39.98184644
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Longitude:-75.14371591
The Property
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Property Type:Multi-Family
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Property Subtype:Duplex
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Property Condition:Excellent
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Lot Size Units:Square Feet
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Lot Size Acres:0.02
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Lot Size Source:Estimated
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Lot SqFt:830 Sqft
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Zoning:CMX2
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Other Structures:Above Grade, Below Grade
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Waterview:No
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Waterfront:No
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Water Oriented:No
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Water Access:No
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Navigable Water:No
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Tidal Water:No
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Riparian Rights:No
Listing Agent
- Contact info:
- Agent phone:
- (856) 278-0951
- Office phone:
- (215) 604-1191
Taxes
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Tax ID Number:NOT ASSIGEND
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Tax Year:2024
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Tax Annual Amount:$818
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Tax Assessed Value:$58,500
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Total Taxes Payment Frequency:Annually
Heating & Cooling
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Cooling Type:Central A/C
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Central Air:Yes
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Cooling Fuel:Electric
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Heating:Yes
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Heating Type:Forced Air
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Heating Fuel:Electric
Utilities
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Sewer/Septic:Public Sewer
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Hot Water:Electric
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Water Source:Public
Appliances
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Appliances:Built-In Microwave, Dishwasher, Dryer - Electric, Oven/Range - Electric, Refrigerator, Stainless Steel Appliances, Washer - Front Loading
Schools
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School District Name:Philadelphia City
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School District Source:3rd Party
The Community
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Subdivision Name:Norris Square
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Exterior Features:Roof Deck
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Pool:No Pool
Parking
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Garage:No
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Type of Parking:On Street
Extra Units
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Other Units:Unit 1,Unit 2
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Vacation Rental:No
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Two Bedroom Units:1
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Three Bedroom Units:1
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
2/11/25
Feb 11, 2025
|
Listed / Active | BRIGHT | $595,000 |