1801 W ONTARIO ST Philadelphia, PA 19140
4,640 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 4,640 sqft
Price per Sqft $150
Subdivision Philadelphia (North)
MLS Listing ID PAPH2685642
Style Converted Dwelling
Abv Grd Liv Area 4,640
Year Built 1939
Annual Tax Amount $3,051
Tax Year 2026
Lot Size 2,594 Sqft
Acres 0.06
Property Sub-Type Detached
Source BRIGHT
Property Description
Investors, take notice! This four-unit mixed-use property at 1801 W Ontario St, Philadelphia, PA 19140, offers $5,450 in potential monthly gross rental income, totaling $65,400 annually. Featuring three residential apartments and an established neighborhood grocery store, this property provides diversified income streams and an attractive opportunity to expand your investment portfolio.
The property has benefited from recent upgrades to the siding, roofing, electrical, and plumbing systems, making this a compelling opportunity for investors seeking a well-maintained income-producing asset.
Three Residential Apartments:
Unit 1 – 2 Bedrooms, 1 Bathroom: Newly renovated and vacant, with anticipated rental income of $1,200 per month. Features central air conditioning and heat, a new kitchen with stainless steel appliances, an updated ceramic tile bathroom with a large stall shower, and access to a full, unfinished basement.
Unit 2 – 2 Bedrooms, 1 Bathroom: Currently rented for $1,300 per month. Features a new kitchen with stainless steel appliances and forced-air heating.
Unit 3 – 1 Bedroom, 1 Bathroom: Currently rented for $1,000 per month. Features a new kitchen with stainless steel appliances and a new ceramic tile bathroom.
All three residential units feature the convenience of in-unit laundry.
Established Commercial Tenant:
The fourth unit is a rear storefront grocery store that has served the surrounding community for more than 15 years. Currently rented for $1,950 per month, this established commercial tenancy adds a valuable income stream and diversifies the property's rental profile.
Gross Potential Rental Income Breakdown:
Unit 1: $1,200/month anticipated
Unit 2: $1,300/month
Unit 3: $1,000/month
Commercial storefront: $1,950/month
TOTAL GROSS POTENTIAL RENT: $5,450 PER MONTH | $65,400 PER YEAR
With three residential units, a long-established commercial tenant, updated major building systems, and strong gross income potential, this versatile mixed-use property is an excellent opportunity for investors looking to generate rental income from multiple sources.
Add this income-producing Philadelphia property to your portfolio today!
Location
State PA
County Philadelphia
Area 19140 (19140)
Zoning RSA3
Rooms
Basement Daylight, Partial
Interior
Hot Water Electric, Natural Gas
Cooling Ceiling Fan(s), Central A/C
Flooring Ceramic Tile, Luxury Vinyl Tile
Fireplace N
Heat Source Electric, Natural Gas
Laundry Dryer In Unit, Has Laundry, Washer In Unit
Exterior
Utilities Available Above Ground, Cable TV Available, Electric Available, Natural Gas Available, Sewer Available, Water Available
Water Access N
Roof Type Architectural Shingle,Flat
Accessibility None
Garage N
Private Pool No
Building
Foundation Stone
Above Ground Finished SqFt 4640
Sewer Public Sewer
Water Public
Architectural Style Converted Dwelling
Additional Building Above Grade
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 871603095
Ownership Fee Simple
SqFt Source 4640
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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