Philadelphia, PA 19119 109 Carpenter Lane

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Presented By: Keller Williams Liberty Place
  • MLS# PAPH2553934
  • 10/29/2025
  • Request Tour
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  • SQFT • 6,428

Home Details

109 Carpenter Lane is a turnkey multifamily property located in the coveted West Mount Airy submarket of Philadelphia, Pennsylvania a Top-10 USA MSA now available as a turnkey real estate investment opportunity for qualified investors. With eight (8) units rented below market coupled with a private parking area for residents, sited on a generously proportioned, suburban-style 20K SF parcel, 109 Carpenter Lane presents an immediate cash-flowing asset with nearly a half-acre of land in a transit-oriented, amenity-rich neighborhood in Northwest Philly known for its bucolic feel, local parks, and laid-back lifestyle. The apartments are outfitted with hardwood floors, shaker cabinetry, stainless steel appliances, recessed lighting and high ceilings. A diverse unit mixture in the apartment building includes studio, 1bd and 2bd apartments, ensuring that this apartment remains in high demand within the sought-after rental marketplace. Originally constructed in 1929 and fully renovated in 2015, the multifamily property carries a 10 year tax abatement through 2027. Emanating with original detail and charm, 109 Carpenter Lane boasts stained-glass windows, early-century masonry, expert carpentry/millwork and more while still offering contemporary kitchens and bathrooms built to today's expectational standards. A combination of central air and mini splits ensure thermal comfort year-round. Minimal OPEX. Rental upside via parking income, storage income, utility rubs producing a juicy cap rate. Enquire within for financials and floorplans for this NWPHL gem of a property.
Presented By: Keller Williams Liberty Place

Interior Features for 109 Carpenter Lane

Other Interior Features

Central Air Y/NYes
Heating FuelNatural Gas
Heating Y/NYes
Hot WaterNatural Gas

General for 109 Carpenter Lane

AccessibilityNone
Business TypeApartment Building
Cap Rate7.13
CityPHILADELPHIA
Construction MaterialsMasonry
Cool FuelNatural Gas
CoolingCentral A/C, Ductless/Mini-Split
CountyPHILADELPHIA
DirectionsInbetween Carpenter Lane and Cresheim Lane
HeatingCentral, Wall Unit
Lot Size Square Feet19916.00
Lot Size UnitsSquare Feet
MLS Area19119 (19119)
MunicipalityPHILADELPHIA
New ConstructionNo
Number Of Units Total8
OwnershipFee Simple
PossessionSettlement
Price Per Sq Ft Total AG311.14
Property SubtypeFive Or More Units
Property TypeCommercial Sale
SewerPublic Sewer
Standard StatusActive
StatusACTIVE
Tax Annual Amount3463.0
Tax Assessed Value247434.0
Tax Lot212
Tax Year2025
Vacation Rental Y/NNo
Water Access Y/NNo
Year Built1884
Year Built SourceEstimated
ZoningRSA3

Exterior for 109 Carpenter Lane

Building Area Total6428.00
Car Parking Spaces5
Foundation DetailsStone
Land Assessed Value97800.00
Land Use CodeCA0
Lot Dimensions100.00 x 200.00
Lot Size Acres0.46
Lot Size SourceEstimated
LotDimensionsSourceEstimated
Navigable Water Y/NNo
Parking FeaturesPaved Parking, Private
Road Frontage Length100
Total Loading Docks0
Total Parking Spaces5
Type of ParkingDriveway, Parking Lot
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo
Waterfront Y/NNo

Additional Details

Price History

Rachel Shepherd

Price $1,999,999
MLS#PAPH2553934
List Date 10/29/2025
Property Type Commercial
Phone 703.929.4729
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