Home » 4215 Salem Street, PHILADELPHIA, PA 19124 (MLS # PAPH2671322)

4215 Salem Street, PHILADELPHIA, PA 19124 (MLS # PAPH2671322)

Price $1,000,000
Status Active
Beds 13
Baths 11 Baths
Home size 6,979 sqft
Lot Size 9,584 sqft
Days on Market 8
11-UNIT MULTIFAMILY PORTFOLIO | Philadelphia, Pennsylvania Asking Price $1,000,000 Investment Highlights ● 4 residential properties ● Portfolio includes: ● 4215 Salem St: 4 Units, All 1 BR/1 BA ● 4219 Salem St: 3 BR/1 BA Single Family Rowhome ● 4221 Salem St: 4 Units, All 1 BR/1 BA ● 4223 Salem St: 2 Units, Both 1 BR/1 BA. Convenient access to public transportationl, shopping, restaurants, schools, and major roads ● Strong rental demand with excellent long-term investment potential Financial Summary Gross Annual Income: $130,800 Annual Operating Expenses: Approximately $26,343 Net Operating Income (NOI): Approximately $104,457 Asking Price: $1,000,000 Estimated NOI Yield: 10.45%. Gross Rental Yield 13.08%. Investment Opportunity This is a rare opportunity to acquire a well-maintained, income-producing multifamily portfolio in one of Philadelphia's most desirable rental markets. The properties offer stable cash flow, low operating expenses, and upside potential through future rental growth. Whether you're expanding an existing portfolio or completing a 1031 exchange, this asset presents an attractive investment opportunity. Closing Seller is seeking a fast closing. Qualified buyers are encouraged to provide proof of funds or financing pre-approval prior to scheduling property tours. For additional information, including the rent roll, operating statements, or to arrange a private showing, please contact the listing agent. Investment highlights 11 Total Residential Units Strong rental demand in 19124 Value-add opportunity Adjacent lot included with 4215 Salem St Ideal portfolio for cash flow investors Prime location close to public transportation, major roads, shopping, and local amenities.
Property Type(s): Single Family
Last Updated 10/15/2026 Tract PHILADELPHIA
Year Built 1925 Community 19124 (19124)
County PHILADELPHIA

SCHOOLS

School District PHILADELPHIA CITY

Additional Details

AIR Electric, Window Unit(s)
AIR CONDITIONING Yes
APPLIANCES Gas Water Heater
AREA 19124 (19124)
BASEMENT Finished, Yes
HEAT Electric, Radiant
LOT 9583 sq ft
PARKING Off Street
POOL DESCRIPTION None
SEWER Public Sewer
STORIES 2
STYLE Traditional
SUBDIVISION PHILADELPHIA
TAXES 2383
WATER Public

Location

 

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Data last updated: 10/23/26 9:03 AM PDT

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