1642 CAMBRIDGE STREET Overview
- Time on Site:
- 82 days
- Visits:
- 0
High-Income 3-Unit Investment Opportunity in Francisville Built 2019 Tax Abatement Turnkey triplex generating $6,495+ per month in projected rental income, located in the rapidly growing Francisville section of Philadelphia. Built in 2019, this modern multi-family property offers strong in-place income, low maintenance, and approximately 4 years remaining on a tax abatement, helping maximize cash flow. Ideal for investors or owner-occupants One unit is currently vacant, creating an immediate opportunity to house hack or lease at market rent. Property Breakdown: Unit A, Bi-Level, 4 Bed, 3 Bath Spacious private-entry unit with open living area, patio access, and in-unit laundry. Currently rented at $2,450/month through April 2027. Unit B, 2 Bed, 2 Bath Open layout with bedrooms on opposite ends, each with walk-in closets and bathroom access. Vacant, projected rent $1,995/month. Unit C, 2 Bed, 2 Bath + Roof Deck Split-bedroom design with private rooftop access and city views. Currently rented at $2,150/month through November 2026. Investment Highlights: Projected gross income: $77,940+ annually Tenants pay most utilities (low expense structure) Modern construction, built 2019 High bedroom-to-bath ratio increases rental demand Multiple rental strategies, long-term, roommate-style, or mid-term Located minutes from Center City, Temple University, major hospitals, and public transportation, this property sits in a high-demand rental corridor with continued neighborhood growth and strong tenant demand. Strong existing leases, modern layouts, and long-term upside make this a compelling addition to any portfolio. Disclaimer: Information is deemed reliable but not guaranteed. Buyer to verify all details including tax abatement, income, zoning, and square footage. This is not legal or financial advice.
1642 CAMBRIDGE STREET Facts & Features
- Type Multi-Family
- Sq. ft. 4,568
- Price/Sq.ft. $252
Details
General
Income/Expenses
- Existing Lease Type: Yearly
- Gross Scheduled Income: 77940.00
- Operating Expense Includes: Trash,Snow Removal,Insurance
Listing Information
- Real Estate Owned: No
- Short Sale: No
Building Information
- New Construction: No
- Pool: No Pool
- Total SQFT: 4568
- Year Built: 2019
Location/Region
- Country: US
- County: PHILADELPHIA
- County Or Parish: PHILADELPHIA
- MLS Area Major: 19130 (19130)
- Subdivision Name: FRANCISVILLE
Parking Information
- Type of Parking: On Street
Tax Information
- County Tax Payment Frequency: Annually
- School Tax: 1748.00
- Tax Annual Amount: $3,122.00
- Tax Assessed Value: 223060.00
- Tax Year: 2026
General Information
- Exclusions: All window coverings, including but not limited to curtains, drapes, rods, hardware, shades, and blinds, are excluded from the sale. Additionally, any personal property or belongings owned by current tenants are expressly excluded.
- Property Condition: Excellent
- Property Sub Type: Triplex
- Property Type: Multi-Family
- Rent Control: No
- School District Name: PHILADELPHIA CITY
- Special Listing Conditions: Standard
- Vacation Rental: No
- Zoning: RM1
Unit Information
- Other Units: Unit 1,Unit 1,Unit 1
Interior
Building Information
- Cooling Fuel: Electric
- Heating Fuel: Electric
Parking Information
- Garage: No
Building Exterior/Construction
- Structure Type: End of Row/Townhouse
- Wall & Ceiling Types: 9'+ Ceilings,Dry Wall
Building Interior
- Above Grade Finished Area: 4568
- Above Grade Finished Area Source: Assessor
- Above Grade Finished Area Units: Square Feet
- Below Grade Finished Area: 0
- Below Grade Finished Area Source: Assessor
- Below Grade Finished Area Units: Square Feet
- Central Air: Yes
- Hot Water: Electric
- Laundry Type: Dryer In Unit,Washer In Unit
General Information
- Accessibility Features: None
- Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer - Electric, Energy Efficient Appliances, Intercom, Microwave, Oven - Self Cleaning, Oven/Range - Electric, Stainless Steel Appliances, Stove, Washer
- Cooling: Central A/C
- Fireplace: No
- Flooring: Ceramic Tile, Hardwood
- Foundation Details: Concrete Perimeter
- Interior Features: Combination Kitchen/Living, Primary Bath(s), Sprinkler System, Recessed Lighting, Bathroom - Stall Shower, Upgraded Countertops, Wood Floors, Bathroom - Walk-In Shower, Pantry, Walk-in Closet(s)
- Living Area: 4568
- Living Area Source: Assessor
- Security Features: Intercom
- Window Features: Casement, Energy Efficient
Unit Information
- One Bedroom Units Count: 0
- Single Room Units Count: 0
- Three Bedroom Units Count: 1
- Two Bedroom Units Count: 2
Exterior
Lot Information
- Lot Dimensions Source: Estimated
- Lot Features: Corner
- Lot Size Dimensions: 18.00 x 65.32
- Lot Size Source: Estimated
- Lot Size Square Feet: 1176.00
- Lot Size Units: Square Feet
- Water Source: Public
Waterfront/View
- View: City
- Water Oriented: No
- Water View: No
- Waterfront: No
Building Exterior/Construction
- Architectural Style: Contemporary
- Construction Materials: Masonry, Advanced Framing, Brick, Concrete
- Patio And Porch Features: Patio(s), Roof
- Roof: Fiberglass, Flat
General Information
- Exterior Features: Roof Deck, Sidewalks, Street Lights
- Number Of Units Leased: 2
- Number Of Units Total: 3
- Number Of Units Vacant: 1
- Other Structures: Above Grade,Below Grade
- Sewer: Public Sewer
- Water Access: No
Unit Information
Unit 2 Details
- Unit Type: Unit 1
- Total Rent: 1895.00
- Beds Total: 2
Unit 3 Details
- Unit Type: Unit 1
- Total Rent: 2150.00
- Beds Total: 2
Unit 1 Details
- Unit Type: Unit 1
- Total Rent: 2450.00
- Beds Total: 4
1642 CAMBRIDGE STREET Neighborhood
Community
19130 (PHILADELPHIA) Demographics
1642 CAMBRIDGE STREET Monthly Cost
1642 CAMBRIDGE STREET Market Data
Based on the last 30 days in this zip code
1642 CAMBRIDGE STREET History
| Date | Value | Agent |
|---|---|---|
| 5/21/2026Source: BRIGHT MLS | $1,149,000 -13.3% |
|
| 4/8/2026Source: BRIGHT MLS | April 08, 2026 |
|
| 12/3/2024Source: BRIGHT MLS | August 10, 2021 |
Contact Information: [email protected] - 2155456111

