2,188 SqFt
2,188 SqFt
Key Details
Property Type Multi-Family
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 2,188 sqft
Price per Sqft $141
Subdivision Logan
MLS Listing ID PAPH2671662
Style Other
Abv Grd Liv Area 2,188
Year Built 1935
Annual Tax Amount $4,463
Tax Year 2026
Lot Size 3,890 Sqft
Acres 0.09
Lot Dimensions 49X80
Property Sub-Type Detached
Source BRIGHT
Property Description
Attention Investors: Turnkey, Fully Occupied Income Property!
1221 Lindley Street is a fully renovated, 100% occupied triplex generating $2,900/month ($34,800/year) in gross rental income. With 2025 NOI of $30,555.36, this stabilized asset delivers an impressive 9.9% cap rate at the $309,900 asking price.
A major advantage for the next owner: all units are separately metered for gas and electric, with those utilities paid directly by the tenants. The property also features a landlord-paid master water meter and a coin-operated washer and dryer in the basement, providing an additional income stream.
Unit Breakdown:
Unit 1: 2 beds, 1 bath — $1,050/month
Unit 2: 1 bed, 1 bath — $1,025/month
Unit 3: 1 bed, 1 bath — $825/month
With renovations complete and tenants already in place, the next owner can acquire a stabilized, cash-flowing multifamily property without a major upfront renovation or initial lease-up.
Offered at $309,900. Schedule your private showing today.
Location
State PA
County Philadelphia
Area 19141 (19141)
Zoning RM1
Rooms
Basement Full
Interior
Hot Water Electric
Cooling None
Heat Source Electric
Laundry Hookup
Exterior
Water Access N
Accessibility None
Garage N
Private Pool No
Building
Foundation Permanent
Above Ground Finished SqFt 2188
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 493001600
Ownership Fee Simple
SqFt Source 2188
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
Nearby Locations
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