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Key Details
Property Type Multi-Family, Townhouse
Sub Type Interior Row/Townhouse
Listing Status Coming Soon
Purchase Type For Sale
Square Footage 2,496 sqft
Price per Sqft $280
Subdivision Spring Arts
MLS Listing ID PAPH2665470
Style Other
Abv Grd Liv Area 2,496
Year Built 1915
Available Date 2026-09-15
Annual Tax Amount $8,123
Tax Year 2026
Lot Size 1,280 Sqft
Acres 0.03
Lot Dimensions 16X80
Property Sub-Type Interior Row/Townhouse
Source BRIGHT
Property Description
For an investor, the numbers are compelling: $59,976 in gross annual income, with units renting for approximately $1,650 per month on average, plus additional income from the basement coin-operated washer and dryer, which generated $389 last year. Each unit is separately metered, helping simplify ownership and operating expenses, and the building features central air. Recent lead compliance work has also been completed, with approximately four years remaining before renewal, per seller.
One unit is currently vacant, creating an especially attractive opportunity for an owner-occupant looking to offset their monthly housing costs with rental income from the other two apartments, while still offering a straightforward path for an investor seeking a fully income-producing three-unit property. Unit 2R also benefits from a brand-new private patio, adding valuable outdoor space for future tenants.
The location is increasingly difficult to overlook. Just around the corner are neighborhood favorites including Cafe Lift, Prohibition Taproom, La Chinesca and acclaimed Italian destination Osteria. Live entertainment is close by at Union Transfer and The Met Philadelphia, while The Rail Park provides one of the neighborhood's signature outdoor attractions. The Spring Garden Broad Street Line station also puts Center City only minutes away.
1132 Mount Vernon offers the combination investors are increasingly searching for: established rental income, separate utilities, central air, additional laundry income, an owner-occupant option and a location positioned directly in the path of continued investment.
Location
State PA
County Philadelphia
Area 19123 (19123)
Zoning RSA5
Rooms
Basement Full
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Equipment None
Heat Source Natural Gas
Laundry Common
Exterior
Water Access N
Roof Type Flat
Accessibility None
Garage N
Private Pool No
Building
Foundation Other
Above Ground Finished SqFt 2496
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 141265600
Ownership Fee Simple
SqFt Source 2496
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
Financing Cash,Conventional,FHA
Special Listing Condition Standard
Nearby School & Business
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