Property
Philadelphia, PA 19131 4951 W Thompson Street
$629,000
40 more
Presented By: Lime House
Beds • 7
Baths • 6
SQFT • 3,025
Home Details
With the over saturation of luxury units in high priced neighborhoods, landlords in other neighborhoods are forced to give renter concessions or drastically cut their rent below marker. NOT HERE. Finally an opportunity to own in an area that is in high demand for quality units.
This assets is selling at a verified 8.27% cap rate which falls perfectly in line with the area that trades regularly between 8-9%, often for lesser quality rehabs.
Just take a quick swipe through the pictures, this is as turnkey of a performing asset as you can get.
Currently 4/6 units are occupied, previously totaling $6080 of monthly revenue over the 6 residential units. With this income and lower property taxes and current mortgage rates, the property can provide a 1.45 DSCR, making it wildly appealing to secure financing via DSCR loan programs.
There are no other opportunities to own this many units under one roof on the market, take this one while you can!
Presented By: Lime House
Interior Features for 4951 W Thompson Street
Bedrooms
Bedrooms Count All Upper Levels4
Bedrooms Count Upper Level 12
Bedrooms Count Upper Level 22
Main Level Bedrooms3
Total Bedrooms7
Bathrooms
Bathrooms Full Upper Level 22
Bathrooms Full Upper Level 12
Bathrooms Full All Upper Levels4
Bathrooms Count Upper Level 22.00
Bathrooms Count Upper Level 12.00
Bathrooms Count All Upper Levels4
Total Baths6
Other Interior Features
LivingAreaSourceEstimated
Above Grade Finished Area3025
Above Grade Finished Area SourceEstimated
Above Grade Finished Area Unit TypeSquare Feet
Basement (Y/N)No
Central Air Y/NNo
FlooringLaminate Plank
Heating FuelElectric
Heating Y/NYes
Hot WaterElectric
Total Stories3
Other Rooms
Entry Level1
General for 4951 W Thompson Street
Acceptable FinancingCash, Conventional, Exchange, Other, Private
AccessibilityLevel Entry - Main
Architectural StyleOther
Bathrooms Count Main Level2.00
Bathrooms Full Main Level2
CityPHILADELPHIA
Condo/Coop Association Y/NNo
Construction MaterialsMasonry
Cool FuelNone
CoolingNone
CountyPHILADELPHIA
DirectionsSouthwest on Lancaster Ave- Right on West Thompson St
Electric200+ Amp Service
Full Baths6
Garage Y/NNo
HOANo
HeatingBaseboard - Electric
Levels3
Lot Size Square Feet2255.00
Lot Size UnitsSquare Feet
MLS Area19131 (19131)
ModificationTimestamp2025-05-18T21:35:28
MunicipalityPHILADELPHIA
New ConstructionNo
Other StructuresAbove Grade
OwnershipFee Simple
PossessionSettlement
Price Per Sq Ft Total AG207.93
Property ConditionExcellent
Property TypeResidential
RoofRubber
School DistrictPHILADELPHIA CITY
Senior Community Y/NNo
SewerPublic Sewer
Standard StatusActive
StatusACTIVE
Structure TypeDetached
Subdivision NameCARROLL PARK
Tax Annual Amount2828.0
Tax Assessed Value202100.0
Tax Lot114
Tax Year2024
Total SQFT3025
Vacation Rental Y/NNo
Water Access Y/NNo
Waterfront Y/NNo
Year Built1925
Year Built SourceEstimated
ZoningCMX2
Exterior for 4951 W Thompson Street
Foundation DetailsConcrete Perimeter, Brick/Mortar
InclusionsAll fixtures
Land Assessed Value40420.00
Land Use CodeN50
Lot Dimensions20.00 x 113.00
Lot Size Acres0.05
Lot Size SourceEstimated
LotDimensionsSourceEstimated
Navigable Water Y/NNo
PoolNo Pool
Type of ParkingOn Street
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo
Additional Details
Price History
Charles Torres
Owner
Price
$629,000
MLS#PAPH2484170
List Date
05/18/2025
Property Type
Single Family
Phone
(973) 332-3023