2337 S Alder Street
Philadelphia, PA 19148
- – beds
- – baths
- 4,800 sqft
- 2,400 sqft lot
- $130 per sqft
- 1925 build
Discover this outstanding investment in Lower Moyamensing! This property offers four, turnkey units across three addresses, presenting a versatile and profitable opportunity. Currently earning over $67,000 in gross annual income, with a 8.3% Cap rate (+/-), this property is an excellent addition to any investment portfolio. The property includes three 800 SF, 1-bedroom, 1-bathroom residential apartments, each equipped with in-unit washer and dryers. Additionally, a 2,000+ SF Commercial Garage space is occupied by a local sign company, ensuring extra steady income. Beyond its investment potential, consider transforming this property into your dream mansion with parking! Located in bustling Lower Moyamensing, it provides proximity to all the restaurants and stores along Passyunk Ave, and SEPTA. Act quickly to explore this versatile property in Lower Moyamensing. Whether you're an investor or seeking your ideal home, this opportunity won't last long. Contact us today to schedule a viewing!
Last checked:
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Last updated Mar 10, 2025
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MLS# PAPH2440342 —
This property is listed in more than one place. See it here.
The Building
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Year Built:1925
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Year Built Source:Estimated
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Roof:Flat
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New Construction:No
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Construction Materials:Other
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Building Levels:2
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Building Units Total:4
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Structure Type:Detached
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Architectural Style:Other, Converted Dwelling
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Accessibility Features:None
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Foundation Details:Other
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Basement:No
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Total SqFt Source:Estimated
Interior
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Fireplace:No
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Living Area SqFt Source:Estimated
Room Dimensions
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Total SqFt:4800
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Living Area SqFt:4,800 Sqft
Financial & Terms
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Sale Type:Standard
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Possession:Immediate, Negotiable
Location
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Directions:Best bet is to use your GPS... Drive West on Ritner. Just past 10th St, make a right onto S Alder St. Property will be on your right.
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Cross Street:RITNER
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Latitude:39.92059000
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Longitude:-75.16387000
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Location Type:Urban
The Property
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Property Type:Multi-Family
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Property Subtype:Quadruplex
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Lot Size Units:Square Feet
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Lot Size Acres:0.06
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Lot Size Source:Estimated
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Lot SqFt:2,400 Sqft
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Zoning:RSA5
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Other Structures:Above 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:
- (914) 393-3335
- Office phone:
- (215) 735-7368
Taxes
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Tax ID Number:394119900
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Tax Year:2025
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Tax Annual Amount:$13,855
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Tax Assessed Value:$989,800
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Total Taxes Payment Frequency:Annually
Heating & Cooling
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Cooling Type:Central A/C, Wall Unit
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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, Radiator
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Heating Fuel:Natural Gas, Electric
Utilities
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Utilities:Water Available, Sewer Available, Natural Gas Available, Electric Available, Phone, Cable TV Available
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Sewer/Septic:Public Sewer
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Hot Water:Electric
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Water Source:Public
Schools
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High School:SOUTH PHILADELPHIA
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School District Name:The School District Of Philadelphia
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School District Source:3rd Party
The Community
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Pool:No Pool
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Cap Rate:8.30
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,Unit 4,Unit 3
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Vacation Rental:No
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One Bedroom Units:3
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 |
---|---|---|---|---|
1/30/25
Jan 30, 2025
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Listed / Active | BRIGHT | $625,000 |