Property

Philadelphia, PA 19146 1148-49-50 S 15Th Street

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Presented By: Compass Pennsylvania, LLC
  • MLS# PAPH2536832
  • 09/12/2025
  • Request Tour
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  • SQFT • 8,588

Home Details

Fully occupied triplex in an 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. 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 building is fully zoned for 3 units with an active rental license for 3 units. All units include in-unit dishwasher and washer/dryer, central air, hardwood floors, and outdoor space. Each unit has reasonable rents and is in great conditionexactly what tenants are looking for. These units are always easy to rent. The current owner values both quality tenants and no vacancies. Leases run into mid-2026. 1149 S 15th is also being offered as part of a larger portfolio with various purchase options. Details on the portfolio and all package combinations include--Superb turn-key commercial investment package. Includes 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 apartment building 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 include in-unit dishwasher and washer/dryer New or newer stainless-steel appliances & granite countertops in 34 units (3 units have nice white appliances) Some units with nice outdoor space as well Each unit has reasonable rents for its desirable location and pristine conditionexactly what tenants are looking for. 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 6-building breakdown is as follows: 4529 Pulaski (14 units2022 ground-up new construction--Tax Abatement thru 2031)$2,550,000 4637 Germantown (9 units2024 ground up new construction-Tax Abatement thru 2035)$1,635,000 These two buildings are a few blocks apart and are also 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. Transit hub and Right off the Roosevelt Extension (US1) 1148 & 1150 S 15th (6 units being sold together; both 2014 new construction)$1,400,000 1149 S 15th (3 unitsavailable 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. Easy walk to East Passyunk, Italian Market, and Center City 5027 Spruce Street (5 units2017 ground up new constructionTax abatement thru 2026)$925,000. Lovely University City block. Walk to tons of restaurants and shops; Penn, HUP, CHOP, and Drexel; great SEPTA access. Excellent numbersthe entire package offers a 6.92% cap rate. OFFERING MEMORANDUM available upon request. Includes individual building rents, terms, expenses, NOIs, cap rates, and other information. Two additional Development Opportunities are also available for purchase: 5037 WissahickonZoning approval for 18 residential units and one commercial space$625,000 4633 GermantownVacant lot with potential to also acquire city owned corner lot next door$50,000. Note that the 4633 Germantown vacant lot goes street to street and has a clear encroachment built onto the rear portion. Contact Listing Agent for Offering Memorandum. OM includes bed/bath breakdown.
Presented By: Compass Pennsylvania, LLC

Interior Features for 1148-49-50 S 15Th Street

Other Interior Features

Central Air Y/NYes
Heating FuelNatural Gas
Heating Y/NYes
Hot WaterNatural Gas

General for 1148-49-50 S 15Th Street

AccessibilityNone
Business TypeApartment Building
Cap Rate6.69
CityPHILADELPHIA
Construction MaterialsBrick
Cool FuelElectric
CoolingCentral A/C
CountyPHILADELPHIA
Directions15th & Ellsworth
ExclusionsTenants' Personal Property
HeatingForced Air
Lot Size Square Feet4772.00
Lot Size UnitsSquare Feet
MLS Area19145 (19145)
ModificationTimestamp2025-09-15T00:06:21
MunicipalityPHILADELPHIA
Net Operating Income135467.00
New ConstructionNo
Number Of Units Total9
OwnershipFee Simple
PossessionNegotiable
Price Per Sq Ft Total AG235.79
Property SubtypeFive Or More Units
Property TypeCommercial Sale
SewerPublic Sewer
Standard StatusActive
StatusACTIVE
Tax Annual Amount29618.0
Tax Assessed Value2115900.0
Tax Lot134
Tax Year2025
Total Actual Rent174900.00
Vacation Rental Y/NNo
Water Access Y/NNo
Year Built9999
Year Built SourceEstimated
ZoningRSA5

Exterior for 1148-49-50 S 15Th Street

Building Area Total8588.00
Car Parking Spaces
Foundation DetailsConcrete Perimeter
InclusionsAll appliances.
Land Use CodeU50
Lot Dimensions48.00 x 100.00
Lot FeaturesRear Yard
Lot Size Acres0.11
Lot Size SourceEstimated
LotDimensionsSourceEstimated
Navigable Water Y/NNo
Total Loading Docks0
Total Parking Spaces0
Type of ParkingOn Street
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo
Waterfront Y/NNo

Additional Details

Price History

Ebonie Clerier

Associate
Price $2,025,000
MLS#PAPH2536832
List Date 09/12/2025
Property Type Commercial
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