Bought with Fay Evans • Keller Williams Real Estate-Doylestown
$450,000
$448,000
0.4%For more information regarding the value of a property, please contact us for a free consultation.
7916 LORETTO AVE Philadelphia, PA 19111
2,074 SqFt
Key Details
Sold Price $450,000
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 2,074 sqft
Price per Sqft $216
MLS Listing ID PAPH2601228
Sold Date 06/12/26
Style Other
Abv Grd Liv Area 2,074
Year Built 1960
Annual Tax Amount $5,217
Tax Year 2025
Lot Size 3,373 Sqft
Acres 0.08
Lot Dimensions 33.00 x 103.00
Property Sub-Type Detached
Source BRIGHT
Property Description
Well-maintained detached duplex investment opportunity in the Rhawnhurst section of Northeast Philadelphia, offering immediate cash flow with clear upside potential. This two-unit property features (2) spacious 2-bedroom / 1-bath layouts, totaling approximately 2,074 SF on a 3,373 SF lot, with durable brick construction.
The property is 100% occupied, generating $2,450/month in current gross rent. One unit is leased through May 31, 2027, providing income stability, while the second unit is month-to-month, creating a near-term opportunity to adjust rents to market.
Based on current market conditions, comparable two-bedroom units in the immediate area are achieving higher rental rates, presenting a mark-to-market opportunity for increased income. This makes the property well-suited for investors seeking a balance of in-place cash flow and future growth.
Located in a stable, demand-driven rental corridor with convenient access to Castor Avenue, Roosevelt Boulevard, shopping, and public transportation. The detached layout offers added tenant appeal and operational simplicity.
Zoned RSA3. Annual taxes approximately $5,217. Property is not located in a flood hazard area.
Ideal for investors or owner-occupants looking to offset expenses with rental income.
Offered at $448,000.
Location
State PA
County Philadelphia
Area 19111 (19111)
Zoning RSA3
Rooms
Basement Full
Interior
Hot Water Multi-tank, Natural Gas
Heating Baseboard - Hot Water
Cooling Ceiling Fan(s)
Fireplace N
Heat Source Natural Gas
Exterior
Water Access N
Accessibility Other
Garage N
Building
Foundation Brick/Mortar
Above Ground Finished SqFt 2074
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 561187200
Ownership Fee Simple
SqFt Source 2074
Special Listing Condition Standard
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