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MLS: #PAPH2652854, Listed By: Billie Motto, Realty Management Works LLC, Source:Bright MLS

2532-38 Alter Street

PHILADELPHIA, PA 19146
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Bed 16

Bed

Bath 0

Bath

SqFt2,094

Sqft

Acres0.02

Acre(Lot)

Rare opportunity to acquire a portfolio of four newer-construction duplexes offered together in one of Philadelphia's fastest-growing neighborhoods. Built between 2019 and 2021, these low-maintenance investment properties are being sold as a portfolio, with a minimum purchase of three duplexes required, offering excellent scalability for investors looking to expand their holdings. Each duplex consists of two well-appointed units: The upper unit features 2 bedrooms, 2.5 bathrooms, a spacious 21-foot-wide open-concept layout, hardwood flooring throughout, quartz countertops, stainless steel appliances, a full-size in-unit washer and dryer, generously sized bedrooms, a primary suite with an en-suite bath, and exclusive access to a private rooftop deck. The lower unit offers 2 bedrooms and 2 bathrooms with an open floor plan, hardwood floors, abundant natural light, a modern kitchen with white cabinetry, quartz countertops, stainless steel appliances, a full-size in-unit washer and dryer, spacious bedrooms, a primary suite with an en-suite bath, and a private rear patio. This fully leased portfolio has experienced consistently high occupancy with an exceptionally low vacancy rate, providing immediate, reliable cash flow. Current rent roll and lease terms are available upon request. Ideally located just minutes from the University of Pennsylvania, Drexel University, and Center City, the properties are convenient to Philadelphia's top employers, restaurants, shopping, and cultural attractions. Generating $192,600 in gross annual rental income, this turnkey portfolio combines strong in-place cash flow, newer construction, low maintenance, and long-term appreciation potential. Whether you're completing a 1031 exchange or looking to scale your multifamily portfolio, this is an exceptional opportunity to acquire multiple stabilized assets in a single transaction.

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Detail Ic Property Details

Property Type : Residential Income

Price : $2,600,000

AD Id : 88540865

MLS Id : PAPH2652854

Beds : 16

Lot Size : 0.02 Acre

Living Area Size : 2,094 Sq. Ft

Tax Amount : $7,139

Year Built : 2018

County : PHILADELPHIA

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Feature Features

  • Bedroom Information

    Total beds: 16

    Room Information

    Has Basement: Yes Basement: Full
  • Interior Features

    Appliances: Gas Water Heater
  • Heating & Cooling

    Has Heating: Yes Heating: Natural Gas, Forced Air Has Cooling: Yes Cooling: Central Air, Electric

  • Building Information

    Year Built: 2018 Building Area Total: 2094 Construction Materials: Brick, Block Pool Features: None Private Pool: No

  • Lot Information

    Lot Size Acres: 0.02 Lot Size Source: Estimated Lot Size Square Feet: 871

  • Listing Price Information

    Listing Price: $2600000

  • Tax Information

    Parcel Number: 361232105 Tax Year: 2027 Annual Tax: $7139

  • Parking Information

    None

  • Location Information

    Direction: Turn left on Alter, Turn left on 26th, Turn right on Alter WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1508 S Broad St, Philadelphia, PA, 19146 $709,000 4 -- 3,105 0.04 Acre
1415 Ellsworth Street, Philadelphia, PA, 19146 $559,900 4 -- 1,536 0.03 Acre
1438 Federal Street, Philadelphia, PA, 19146 $990,000 11 -- 5,174 0.05 Acre
767 S 15th Street, Philadelphia, PA, 19146 $1,050,000 7 -- 2,776 0.03 Acre
1539 South Street, Philadelphia, PA, 19146 $845,000 3 -- 2,084 0.02 Acre
417 S 16th Street, Philadelphia, PA, 19146 $825,000 5 -- 2,472 0.02 Acre
1637 Carpenter Street, Philadelphia, PA, 19146 $1,200,000 6 -- 3,460 0.03 Acre
1645 Ellsworth Street, Philadelphia, PA, 19146 $465,000 3 -- 1,851 0.02 Acre
1713 South Street, Philadelphia, PA, 19146 $855,000 2 -- 1,920 0.02 Acre
1163 S Cleveland Street, Philadelphia, PA, 19146 $245,000 2 -- 1,086 0.02 Acre

The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which ByOwner participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have closed or are no longer being offered for sale. Information Deemed Reliable But Not Guaranteed. Copyright © 2026 Bright MLS. All rights reserved.

ByOwner last updated this listing 09/27/2026 @ 02:59

MLS: PAPH2652854 LISTED BY: Billie Motto, Realty Management Works LLC 215-701-7272 SOURCE: Bright MLS

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