Discover this prime investment opportunity in the bustling Walnut Hill neighborhood, featuring a five-unit building comprised of two store fronts, two 1-bedroom 1-bath apartments, and one 3-bedroom 1-bath apartment. Each unit has their own entrance adding an element of privacy that is hard to find. Situated near University City, this property is located in close proximity to prestigious universities and a plethora of amenities ensuring convenient living. Currently zoned as RM-1, allowing investors to maximum potential for income generation and equity growth. The property has been well maintained and will need cosmetic repairs in order to get the units in rent ready condition. This location is perfect for renting out to students due to its close proximity to University City which will help decrease vacancy and keep the units rented. This can be a great opportunity for someone looking to live in one unit and rent the others out to offset the mortgage and decrease living expenses. Or this can be a great property for West Philadelphia investors looking to add this to their rental portfolio. Buyer's are responsible for verifying zoning and use possibilities. With a Walk Score of 90, daily errands are easily achievable without a car. A Transit Score of 77 suggests outstanding transit options, ensuring convenient transportation for traveling around the city. Furthermore, a Bike Score of 99 highlights excellent biking infrastructure in the area. Close-by dining options include J & P Seafood, Quick & Quality, and Pizza Plus West, among others. Nearby educational facilities comprise The Workshop School, Lea C. Henry School, and Beulah Baptist Christian Day School. Convenient grocery options include Quick Stop Deli, Fili Kale, and The Herb Nook. Just nine-minutes away from the MFL Frankford TC at the 46th St Station - MFL stop. The property is also close to parks such as Chicken Park, Black Oak Park, and Cedar Park. Enjoy unparalleled convenience with easy access to transit, universities, dining, shopping, and entertainment options. Don't miss out on this exceptional investment opportunity in a highly sought-after location. Schedule a viewing today to explore its potential for lucrative returns. Schedule your exclusive tour today and seize the chance to make this property your own!
Property Details
Property Features
Property Information:
Architectural Style: Other
Year Built: 1951
Living Area: 4,200 SqFt
Listing Office:
Office Name: RE/MAX @ HOME
Office Phone: (215) 607-3535
Listing Agent: Maria Maria Quattrone Quattrone
Interior Features
Interior Information:
Basement: Yes
Flooring Type: Wood, Vinyl
Exterior Features
Exterior Information:
Exterior: Sidewalks, Street Lights
Parking Information:
Parking: On Street
Lot Features
Lot Information:
Lot: Back Yard
Lot Size: 0.04 Acres
Utilities
Utilities Information:
Heating: Radiant
Cooling: Window Unit(s)
School Info
Assigned Schools Information:
West Philadelphia High School, Public District Grades 9-12
Henry C. Lea School, Public District Grades PK-8
Other
Directions Information:
Directions: Coming from the north side of S 48th St, go straight, and turn right onto Walnut St, then make a left turn onto Hanson St. Continue driving straight; the property will be on the left, a corner property between Hanson St and Locust St.
Municipality:
Philadelphia
Price Information
Listing Price Info
Price Summary:
List Price: $400,000
Price Per SqFt: $95/SqFt
Tax Information:
Annual Amount: $3,617
Tax Year: 2020
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Philadelphia, PA.
This property is $141.1K more than the Median Sold Price and $101/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: #PAPH2352012
Listing Office:
Office Name: RE/MAX @ HOME
Office Phone: (215) 607-3535
Listing Agent: Maria Maria Quattrone Quattrone
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.
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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
5
/10
Henry C. Lea School
4700 Locust St
Distance between this listing and this school0.14 miles
Public District Grades PK-8
High School
2
/10
West Philadelphia High School
4901 Chestnut St
Distance between this listing and this school0.16 miles
Public District Grades 9-12
Assigned Schools
5
/10
Henry C. Lea School
4700 Locust St
Distance between this listing and this school0.14 miles
Public District Grades PK-8
Nearby Schools
2
/10
Alain Locke Elementary School
4550 Haverford Ave
Distance between this listing and this school0.56 miles
Public District Grades KG-8
8
/10
Penn Alexander School
4209 Spruce St
Distance between this listing and this school0.57 miles
Public District Grades KG-8
Nearby Schools
6
/10
Middle Years Alternative School for the Humanities MYA
4725 Fairmont Ave
Distance between this listing and this school0.62 miles
Public District Grades 5-8
3
/10
Global Leadership Academy Charter School
4601 W Girard Ave
Distance between this listing and this school1.23 miles
Public Charter Grades KG-8
2
/10
Kipp West Philadelphia Preparatory Chart
5900 Baltimore Ave
Distance between this listing and this school1.48 miles
Public Charter Grades 5-8
Assigned Schools
2
/10
West Philadelphia High School
4901 Chestnut St
Distance between this listing and this school0.16 miles
Public District Grades 9-12
Nearby Schools
4
/10
Parkway West
4725 Fairmont Ave
Distance between this listing and this school0.62 miles
Public District Grades 9-12
5
/10
Paul Robeson High School For Human Services
4125 Ludlow St
Distance between this listing and this school0.69 miles
The neighbors living near this home have an average income of $29,946. Typical income of Philadelphia, PA residents is less than $35k annually. The most common type of family is single, no kids. Typical level of education for residents in this area is high school diploma.
This home is located at 245 S Hanson St in Philadelphia, PA and zip code 19139 in the Walnut Hill neighborhood. This 4,200 square foot home, which was built in 1951, sits on a 0.04 acre lot. It has been listed on Rocket Homes since May 09, 2024 and is currently priced at $400,000.
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 number of homes for sale in Philadelphia, PA increased by 9.8% between March 2024 and April 2024. In April 2024, listings were on the market for 50 days. During the same period, the median list price in this real estate market was $258,806.
From Rocket Homes Real Estate and based on county public records data.