25 days on rocket

1705 W Erie Ave, Philadelphia, PA, 19140

$340,000

Home List Price

$4,038*

Closing Credit

0 Baths
2,759 SqFt
$123/SqFt
Multi
Schools Nearby

Location

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1705 W Erie Ave, Philadelphia$340,000

Buyer Closing Credits

$4,038*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
ParkingOn Street
Year Built1929
HeatingBaseboard
CoolingWindow Unit(s)
MLS #PAPH2350680
Lot Size0.04 Acres
StatusActive
(ACTIVE)

About 1705 W Erie Ave

Investor's Dream: 5-Unit Property in Philadelphia - 1705 W Erie Ave, 19140 Discover an exciting investment opportunity in the bustling real estate market of Philadelphia. Presenting 1705 W Erie Ave, a strategically located 5-unit property with tremendous potential. Priced at just $340,000, this property is a golden ticket for investors looking for steady income and future growth. Key Features: 1. Diverse Rental Units: This property boasts a diverse rental portfolio, including two two-bedroom units, two comfortable one-bedroom units, and one efficient studio unit. Such diversity ensures a wide tenant base, increasing rental stability. 2. Current Occupancy: 2 out of the 5 units are currently rented. 3. Prime Location: Situated in the dynamic 19140 area, tenants enjoy easy access to essential amenities, public transportation, and the city's thriving cultural scene. 4. Income Potential: With both current and potential rental income, this property offers a solid return on investment and the ability to increase cash flow over time. 5. Affordable Entry: Priced attractively at $340,000, this property is a cost-effective way to enter or expand your real estate investment portfolio. Seize this opportunity to add a fantastic income-generating property to your investment portfolio. Schedule a viewing today to explore 1705 W Erie Ave's potential further. Contact us for more information and to discuss how this property aligns with your investment goals.

Property Details

Property Features

Property Information:

  • Architectural Style: Side-by-Side
  • Year Built: 1929
  • Living Area: 2,759 SqFt

Listing Office:

  • Office Name: Del Val Realty & Property Management
  • Office Phone: (484) 328-3282
  • Listing Agent: Sincere Kamara

Interior Features

Interior Information:

  • Flooring Type: Laminate Plank, Laminated, Carpet, Wood

Exterior Features

Parking Information:

  • Parking: On Street

Virtual/3D Tour

  • Virtual Tour: 1705 W Erie Ave

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Lot Features

Lot Information:

  • Lot Size: 0.04 Acres

Utilities

Utilities Information:

  • Heating: Baseboard
  • Cooling: Window Unit(s)

School Info

Assigned Schools Information:

  • Mastery Charter School at Gratz, Public Charter Grades 9-12
  • Grover Cleveland Mastery Charter School, Public Charter Grades KG-8

Other

Directions Information:

  • Directions: Right on the corner lot

Municipality:

  • Philadelphia

Price Information

Listing Price Info

Price Summary:

  • List Price: $340,000
  • Price Per SqFt: $123/SqFt

Tax Information:

  • Annual Amount: $1,863
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Philadelphia, PA.

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Philadelphia, PA

City

Med. Sold Price

$258.8K

Med. Price/SqFt

$196

Avg. Days On Market

50

# of Sold Homes

960

1705 W Erie Ave vs Philadelphia

25 DAYS ON ROCKET

-25 Days

$340,000

+$81.1K More

$123/SqFt

-$73 Less

KEY TAKEAWAY

This property is $81.1K more than the Median Sold Price and $73/SqFt less than other homes in Philadelphia, PA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: BRIGHT
  • MLS Number: #PAPH2350680

Listing Office:

  • Office Name: Del Val Realty & Property Management
  • Office Phone: (484) 328-3282
  • Listing Agent: Sincere Kamara

IDX Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.

The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.

BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2024 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/29/2024, 5:00:34 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Sep 26, 2017Home Sold
$245,000
Nov 21, 2007Home Sold
$30,000
Jul 08, 2006Home Sold
$155,000
Aug 16, 2005Home Sold
$85,000

Tax History

YEARPROP. TAXASSESSMENT
2020$1,863 -
2019$1,858$132,800
2018$1,806$129,000
2017$1,312$93,700

History based on county public records data.

Payment Calculator

$1,764

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,086

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-4252822
3
/10

  • Grover Cleveland Mastery Charter School

  • 3701 N 19th St

  • 0.14 miles

  • Public Charter Grades KG-8

High School

school-card-donut-4252823
3
/10

  • Mastery Charter School at Gratz

  • 1798 W Hunting Park Ave

  • 0.32 miles

  • Public Charter Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $37,578. Residents of Philadelphia, PA typically earn between $35k-100k each year. The most common type of family is single, no kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›Pennsylvania›Philadelphia County›Philadelphia›19140›1705 W Erie Ave

This home is located at 1705 W Erie Ave in Philadelphia, PA and zip code 19140 in the Tioga neighborhood. This 2,759 square foot home, which was built in 1929, sits on a 0.04 acre lot. It has been listed on Rocket Homes since May 03, 2024 and is currently priced at $340,000.

In April 2024, from all listings sold in Philadelphia, PA there were more than 242 sold above asking price, over 502 sold below and more than 216 were sold right at the asked price. The inventory of homes for sale in Philadelphia, PA between March 2024 and April 2024 increased by 9.8%. Listings spent 50 days on the market in April 2024, and had a median list price of $258,806 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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