REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Jeffrey Block • Compass Pennsylvania, LLC
$ 2,025,000
Est. payment /mo
Active
1148-49-50 S 15TH ST Philadelphia, PA 19146
4,772 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PAPH2536832
Available Date 2025-09-15
Annual Tax Amount $29,618
Tax Year 2025
Lot Size 4,772 Sqft
Acres 0.11
Lot Dimensions 48.00 x 100.00
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
Three fully occupied triplexes in an A+ location at 15th & Ellsworth. 1148 S 15th and 1150 S 15th Street (two adjoining buildings, both new construction in 2014), and 1149 S 15 Street which is directly across the street. 94 WalkScore. One block to Broad Street Subway. Two blocks to Giant, Sprouts, Target, Starbucks, PetSmart, and a lot more. Easy walk to East Passyunk, the Italian Market, and Center City. Turn-key investment in a desirable location. Solid Cap Rate! In great condition with fully separated gas and electric. The buildings are fully zoned for 9 units with an active rental license for all 9. Each unit includes in-unit dishwasher, washer/dryer, and central air. 6 units have stainless steel appliances and granite countertops, and 3 units have really nice white appliances. Most units have outdoor space, and the first floors each have basement access. Each unit has reasonable rents and is in excellent condition—exactly what tenants are looking for. These units are always easy to rent. The current owner values both quality tenants and no vacancies. Most leases run into mid-2026.
1149 S 15th Street (3 units) is also available to purchase on its own for $625,000, and 1148-1150 (6 units) is available to purchase for $1,400,000. These buildings can also be purchased as part of a 6 property income-producing portfolio and as an 8 property portfolio that includes two additional development opportunities. See details below.
Full details on all package combinations:
Superb turn-key commercial investment package. Includes six (6) fully occupied, income- generating apartment buildings (37 total units) in excellent locations. 23 units in red-hot Germantown. 9 units at prime 15th & Ellsworth location. 5 units in University City. All new or newer buildings-some with remaining tax abatements ✅ Solid Cap Rates! ✅
Each of the apartment buildings and every unit is fully turnkey, and in excellent condition ✅ fully separated gas and electric ✅ All units legally zoned with active rental licenses corresponding to exact number of units✅ All units legally zoned with active rental licenses corresponding to exact number of units ✅ Include in-unit dishwasher and washer/dryer (every unit!) ✅ new or newer stainless-steel appliances in virtually every unit (three of the 37 units have white appliances in great condition) ✅ granite countertops (three units have Formica in great condition) ✅ Some units with nice outdoor space as well ✅
Each unit has reasonable rents for its desirable location and pristine condition—exactly what tenants are looking for. These units are always easy to rent. ✅ The current owner values both quality tenants and no vacancies. Most leases run into mid-2026. All buildings well-cared for and maintained-with a striking pride of ownership! The apartment building breakdown is as follows:
4529 Pulaski Avenue (14 units)—(2022 ground-up new construction--Tax Abatement thru 2031)—$2,550,000 ✅
4637 Germantown Avenue (9 units)—(2024 ground up new construction-Tax Abatement thru 2035)—$1,635,000 ✅ These two buildings are a few blocks apart and would also be available as a solid 23-unit mini package at $4,185,000 ✅ Superb location in burgeoning Wayne Junction-walkable to Attic Brewing, Deke's etc. Right off the Roosevelt Extension (US1)✅
1148 & 1150 S 15th Streets (6 units) (being sold together; both 2014 new construction)—$1,400,000 ✅
1149 S 15th Street (3 units)—(available individually or with 1148-1150; 2008 total rehab)—$625,000✅ 1149 is directly across the street.
All nine 15th Street units available for $2,025,000 ✅A+ location at 15th & Ellsworth. 94 WalkScore. One block to Broad Street Subway. Two blocks to Giant, Sprouts, Target, Starbucks, PetSmart, and a lot more). Walk to Center City, Italian Market, etc.✅
5027 Spruce Street (5 units)—(2017 ground up new construction—Tax abatement thru 2026)—$925,000 ✅ Lovely University City block. Walk to to
1149 S 15th Street (3 units) is also available to purchase on its own for $625,000, and 1148-1150 (6 units) is available to purchase for $1,400,000. These buildings can also be purchased as part of a 6 property income-producing portfolio and as an 8 property portfolio that includes two additional development opportunities. See details below.
Full details on all package combinations:
Superb turn-key commercial investment package. Includes six (6) fully occupied, income- generating apartment buildings (37 total units) in excellent locations. 23 units in red-hot Germantown. 9 units at prime 15th & Ellsworth location. 5 units in University City. All new or newer buildings-some with remaining tax abatements ✅ Solid Cap Rates! ✅
Each of the apartment buildings and every unit is fully turnkey, and in excellent condition ✅ fully separated gas and electric ✅ All units legally zoned with active rental licenses corresponding to exact number of units✅ All units legally zoned with active rental licenses corresponding to exact number of units ✅ Include in-unit dishwasher and washer/dryer (every unit!) ✅ new or newer stainless-steel appliances in virtually every unit (three of the 37 units have white appliances in great condition) ✅ granite countertops (three units have Formica in great condition) ✅ Some units with nice outdoor space as well ✅
Each unit has reasonable rents for its desirable location and pristine condition—exactly what tenants are looking for. These units are always easy to rent. ✅ The current owner values both quality tenants and no vacancies. Most leases run into mid-2026. All buildings well-cared for and maintained-with a striking pride of ownership! The apartment building breakdown is as follows:
4529 Pulaski Avenue (14 units)—(2022 ground-up new construction--Tax Abatement thru 2031)—$2,550,000 ✅
4637 Germantown Avenue (9 units)—(2024 ground up new construction-Tax Abatement thru 2035)—$1,635,000 ✅ These two buildings are a few blocks apart and would also be available as a solid 23-unit mini package at $4,185,000 ✅ Superb location in burgeoning Wayne Junction-walkable to Attic Brewing, Deke's etc. Right off the Roosevelt Extension (US1)✅
1148 & 1150 S 15th Streets (6 units) (being sold together; both 2014 new construction)—$1,400,000 ✅
1149 S 15th Street (3 units)—(available individually or with 1148-1150; 2008 total rehab)—$625,000✅ 1149 is directly across the street.
All nine 15th Street units available for $2,025,000 ✅A+ location at 15th & Ellsworth. 94 WalkScore. One block to Broad Street Subway. Two blocks to Giant, Sprouts, Target, Starbucks, PetSmart, and a lot more). Walk to Center City, Italian Market, etc.✅
5027 Spruce Street (5 units)—(2017 ground up new construction—Tax abatement thru 2026)—$925,000 ✅ Lovely University City block. Walk to to
Location
State PA
County Philadelphia
Area 19145 (19145)
Zoning RSA5
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Inclusions All appliances.
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Lot Description Rear Yard
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 365036500 & 365049600 & 365049700
Ownership Fee Simple
Special Listing Condition Standard
