For Sale Property MLS# PAPH2671322

4215 SALEM ST

PHILADELPHIA, PA 19124

$1,000,000

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About 4215 SALEM ST

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 details

Property

Type
Other
MLS type
Other
Status
Active
Year built
1925
Stories
2
Living area
6,979 sqft
Price / sqft
$143
Lot
0.22
Full baths
11
Original price
$1,000,000
MLS #
PAPH2671322

Interior

Features
Window Unit(s), true, Radiator, Electric, Fully finished
Heating
true, Radiator
Cooling
Window Unit(s)

Exterior & lot

Features
Traditional, Above Grade, Below Grade
Construction
Masonry, 2
Lot
RM1, 232504900

Schools

District
Philadelphia City School District

Utilities

Utilities
Public Sewer, Public
Water
Public
Sewer
Public Sewer

Financial

Financial
BRIGHT_MAIN
Annual tax
$2,383
Tax year
2026
Parcel
232504900

Location

Subdivision
PHILADELPHIA
Area
19124 (19124)
County
PHILADELPHIA-PA
Neighborhood
Frankford
Community
PHILADELPHIA-PA, BRIGHT_MAIN, PHILADELPHIA CITY
Directions
GPS

Location

Neighborhood
Frankford
Subdivision
PHILADELPHIA
School district
Philadelphia City School District

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Listed by Zhan Su, Longlong Zhan Real Estate Investment

Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.