Philadelphia, PA 19134 2317 E Westmoreland Street

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Presented By: Red Door Real Estate
  • MLS# PAPH2456474
  • 03/12/2025
  • Request Tour
  • Request Info
  • SQFT • 3,948

Home Details

Rarely available, fully renovated 4-unit mixed-use property with stable cash flow and modern amenities! This fully sprinklered building features three upscale 1-bedroom, 1-bath apartments and a long-term medical tenant on the ground floor, ensuring steady rental income. Key Investment Highlights: Strong 8.3% Cap Rate High-yield, income-producing asset Fully Leased & Cash Flowing Stable residential & commercial tenants Turnkey Condition Low-maintenance, modern construction High-Demand Location Steps from Aramingo Ave, I-95, transit, and retail hubs Quality Upgrades Tankless water heaters, sliding glass shower doors, central air, LED lighting, granite countertops, tile flooring, stainless steel appliances Fire & Safety Compliance Fire alarm monitoring & annual system maintenance Transferrable Roof Warranty Added long-term value This prime investment property offers investors a rare opportunity to acquire a stabilized, low-maintenance asset in a rapidly growing area. Perfect for 1031 exchange buyers and portfolio investors! Location Perks: Close to public transportation, restaurants, big-box retailers, hospitals, schools, parks, fitness centers, I-95, and just minutes from downtown. Don't miss this highly desirable, fully occupied assetschedule your tour today!
Presented By: Red Door Real Estate

Interior Features for 2317 E Westmoreland Street

Other Interior Features

Central Air Y/NYes
FlooringCeramic Tile, Laminate Plank
Heating FuelElectric
Heating Y/NYes
Hot WaterInstant Hot Water, Tankless, Electric
Total Stories2

Other Rooms

Entry Level1

General for 2317 E Westmoreland Street

Acceptable FinancingCash, Conventional, Negotiable, Private, Other
AccessibilityDoors - Swing In
Avg. Electric Per Month133.0
Business TypeApartment Building, Medical
Cap Rate7.40
CityPHILADELPHIA
Construction MaterialsMasonry
Cool FuelElectric
CoolingCentral A/C
CountyPHILADELPHIA
DirectionsTraveling Northbound on I-95, exit Allegheny, turn right onto Richmond St, turn left onto Westmoreland St, arrive at 2317 E Westmoreland Street.
DisclosuresAgent has Financial Interest, Owner RE Licensee
Electric200+ Amp Service
Energy EfficientLighting
HeatingCentral
Lease Considered Y/NNo
Lot Size Square Feet2100.00
Lot Size UnitsSquare Feet
MLS Area19134 (19134)
ModificationTimestamp2025-04-12T18:48:48
MunicipalityPHILADELPHIA
New ConstructionNo
Number Of Units Total4
OwnershipFee Simple
PossessionImmediate, Negotiable
Possible UseApartment Building, Apartments, Church, Commercial, Day Care, Institutional, Investment, Medical/Dental, Mixed Use, Multi-Family, Office, Professional Service, Retail, Senior Assisted/Day Care
Price Per Sq Ft Total AG217.83
Property ConditionExcellent
Property SubtypeMixed Use
Property TypeCommercial Sale
Property UseInvestment
RoofFlat, Rubber
Security FeaturesExterior Cameras, Main Entrance Lock, Smoke Detector, Sprinkler System - Indoor, Window Grills
SewerPublic Sewer
Standard StatusActive
StatusACTIVE
Tax Annual Amount7133.0
Tax Assessed Value509600.0
Tax Lot210
Tax Year2024
Total Actual Rent80100.00
UtilitiesElectric Available, Sewer Available, Water Available
Vacation Rental Y/NNo
Water Access Y/NNo
Waterfront Y/NNo
Year Built1920
Year Built SourceEstimated
ZoningICMX

Exterior for 2317 E Westmoreland Street

Building Area Total3948.00
Car Parking Spaces
Foundation DetailsSlab
Inclusionstransferrable roof warranty
Land Assessed Value130000.00
Land Use CodeY30
Lot Dimensions50.00 x 42.00
Lot Size Acres0.05
Lot Size SourceEstimated
LotDimensionsSourceEstimated
Navigable Water Y/NNo
Total Loading Docks0
Total Parking Spaces0
Traffic Count20000-29999
Type of ParkingOn Street
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo

Additional Details

Price History

Rachel Shepherd

Price $860,000
MLS#PAPH2456474
List Date 03/12/2025
Property Type Commercial
Phone 703.929.4729
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