709 S 56TH ST, Philadelphia, PA 19143
709 S 56TH ST, Philadelphia, PA 19143
709 S 56TH ST, Philadelphia, PA 19143
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Listed by Karmen Fails • Common Ground Realtors
$189,900
Est. payment /mo
1,862 SqFt
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UPDATED:

Key Details

Property Type Multi-Family, Townhouse

Sub Type Interior Row/Townhouse

Listing Status Active

Purchase Type For Sale

Square Footage 1,862 sqft

Price per Sqft $101

MLS Listing ID PAPH2596626

Style Traditional

Abv Grd Liv Area 1,862

Year Built 1920

Available Date 2026-03-20

Annual Tax Amount $2,599

Tax Year 2025

Lot Size 1,237 Sqft

Acres 0.03

Lot Dimensions 16.00 x 77.00

Property Sub-Type Interior Row/Townhouse

Source BRIGHT

Property Description

Investors - this is you don't want to miss! We've lowered the asking price on this cash-flowing Cobbs Creek duplex, and the numbers now exceed the 1% rule: collected rents represent 1% or more of the new sale price. That's day-one cash flow with room to grow.

Both two-bedroom units are tenant-occupied and producing income now — no lease-up period, no vacancy risk out of the gate. While your tenants pay down the asset, you plan your next move.

A rundown of the asset:
The first-floor unit sits on a full-footprint unfinished basement with walk-out access — a blank canvas for additional storage, utility space, or a future value-add play. The second-floor unit was kitchen-renovated last year and features a large covered porch and an oversized dining/kitchen layout that tenants love.

Location works for you too - bus lines at the door and Baltimore Ave trolley just blocks away means strong rental demand isn't going anywhere.

Being sold AS-IS. Priced to move. The seller is motivated and the math is already working in your favor - this is the rare opportunity where the deal is done before you even close.

Location

State PA

County Philadelphia

Area 19143 (19143)

Zoning RM1

Interior

Hot Water Natural Gas

Heating Radiator

Cooling None

Equipment Refrigerator, Oven/Range - Gas, Washer, Dryer

Fireplace N

Appliance Refrigerator, Oven/Range - Gas, Washer, Dryer

Heat Source Natural Gas

Exterior

Water Access N

Accessibility None

Garage N

Building

Foundation Slab

Above Ground Finished SqFt 1862

Sewer Public Sewer

Water Public

Architectural Style Traditional

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District Philadelphia City

Others

Tax ID 463213500

Ownership Fee Simple

SqFt Source 1862

Special Listing Condition Standard


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Bright MLS (BMLS)

NEARBY SCHOOL & BUSINESS

John Davison
John Davison

+1(484) 986-7388 | john@digz.house

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