1642 CAMBRIDGE STREET, PHILADELPHIA, PA 19130 | MLS #PAPH2605536 | Berkshire Hathaway HomeServices Fox & Roach
 

1642 CAMBRIDGE STREETPHILADELPHIA, PA 19130

Multi-Family · 4,568 Sq. ft.
$1,149,000 ACTIVE

1642 CAMBRIDGE STREET Overview

Time on Site:
83 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.

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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

33
Median Age
20,294
Population Density (per sq. mile)
78%
College Educated
$88,858
Estimated Median Income
5,631
Estimated Total Home Owners
8,800
Estimated Total Renters
39% / 61%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

1642 CAMBRIDGE STREET Monthly Cost

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$
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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

1642 CAMBRIDGE STREET Market Data

Based on the last 30 days in this zip code

$575,888
Average List Price
$399
Average Price per Square Foot
44
Properties Sold
86
Average Days on Market
157
Properties for Sale
Calculations provided by Reliance Network

1642 CAMBRIDGE STREET History

Date Event Value Agent
5/21/2026Source: BRIGHT MLS Price Reduction
$1,149,000 -13.3%
4/8/2026Source: BRIGHT MLS Added to Database
April 08, 2026
12/3/2024Source: BRIGHT MLS Added to Database
August 10, 2021
Listing provided courtesy of Philadelphia Realty Exchange- MLS# PAPH2605536MLS ProviderContact Information: [email protected] - 2155456111