Bought with Erik J Lee • Keller Williams Main Line
$675,000
$695,000
2.9%For more information regarding the value of a property, please contact us for a free consultation.
610 N UNION ST Philadelphia, PA 19104
2,800 SqFt
Key Details
Sold Price $675,000
Property Type Multi-Family
Sub Type Interior Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 2,800 sqft
Price per Sqft $241
Subdivision Mantua
MLS Listing ID PAPH2583862
Sold Date 06/30/26
Style Contemporary
Abv Grd Liv Area 2,800
Year Built 2023
Annual Tax Amount $1,117
Tax Year 2025
Lot Size 990 Sqft
Acres 0.02
Lot Dimensions 15.00 x 66.00
Property Sub-Type Interior Row/Townhouse
Source BRIGHT
Property Description
Introducing a recently developed ground-up construction duplex investment opportunity in Philadelphia's rapidly evolving Mantua neighborhood, one of West Philadelphia's most active development corridors, just minutes from University City. Completed in 2023, this modern asset benefits from Philadelphia's original 10-year tax abatement with approximately seven years remaining, supporting strong cash flow and long-term investment stability. The property features two spacious bi-level apartments, each offering three bedrooms and three full bathrooms with contemporary finishes including wide plank flooring, quartz countertops, stainless steel appliances, dual-tone cabinetry, in-unit laundry, and separately metered utilities. Unit A is currently leased at $2,450 per month and Unit B at $2,650, generating $5,100 in combined monthly income, with lease timing strategically positioned for upcoming renewal cycles that align well with continued rental growth in the area and the opportunity to push rents as demand strengthens. Located near Drexel University, the University of Pennsylvania, Penn Presbyterian Medical Center, CHOP, and other major healthcare and academic employers, the property benefits from consistent tenant demand from students, medical professionals, researchers, and young professionals. Mantua is also directly benefiting from the broader “University City 2.0” wave of expansion, including institutional investment, new mixed-use developments, infrastructure improvements, and retail growth that continue to elevate the neighborhood's desirability while maintaining relative affordability compared to core University City. Additional highlights include a private rear yard for the lower unit and a roof deck with skyline views for the upper unit, making this a turnkey, stabilized investment positioned for both strong income performance and long-term appreciation as the surrounding corridor continues its upward trajectory.
Location
State PA
County Philadelphia
Area 19104 (19104)
Zoning RM-1
Interior
Interior Features Upgraded Countertops, Sprinkler System, Recessed Lighting, Family Room Off Kitchen
Hot Water Electric
Heating Forced Air
Cooling Central A/C
Equipment Dishwasher, Dryer, Energy Efficient Appliances, Water Heater, Washer, Stainless Steel Appliances, Refrigerator, Oven/Range - Gas, Microwave, Intercom
Fireplace N
Appliance Dishwasher, Dryer, Energy Efficient Appliances, Water Heater, Washer, Stainless Steel Appliances, Refrigerator, Oven/Range - Gas, Microwave, Intercom
Heat Source Electric
Exterior
Water Access N
Accessibility None
Garage N
Building
Foundation Slab
Above Ground Finished SqFt 2800
Sewer Public Septic, Public Sewer
Water Public
Architectural Style Contemporary
Additional Building Above Grade, Below Grade
New Construction Y
Schools
School District The School District Of Philadelphia
Others
Tax ID 242235510
Ownership Fee Simple
SqFt Source 2800
Security Features Intercom,Sprinkler System - Indoor
Special Listing Condition Standard
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