1501 W GIRARD Avenue
Property Description
A rare opportunity to acquire a six-unit, income-producing corner property with significant long-term value-add potential. 1501 W Girard Avenue sits on a 150-foot-deep, street-to-street parcel extending from Girard Avenue to W Flora Street. With RM-4 zoning and rear frontage along Flora Street, the property may offer a savvy investor the opportunity to explore future subdivision and additional development, subject to zoning, subdivision, and City approvals. The existing six-unit building generates $96,192 in annual gross rental income and features a mix of 1 & 2 bedroom units. The well-maintained units offer a combination of shorter-term and long-term leases, providing flexibility for a new owner to continue the existing rental model or transition the property toward a more uniform leasing strategy over time. Select units are furnished, with the existing furniture included in the sale. The location adds another layer to the investment appeal. Positioned directly on Girard Avenue and just one block from Broad Street and convenient subway access, residents have easy connectivity to Center City, Temple University, and surrounding Philadelphia neighborhoods, supporting demand from students, professionals, commuters, and longer-term residents. For investors looking for even greater scale, 1503 W Girard Avenue, the neighboring fully occupied triplex, is also separately available. Acquiring both properties creates the opportunity to control nine existing rental units across adjoining street-to-street parcels, with a combined $160,176 in annual gross rental income, while potentially unlocking additional future value along the W Flora Street frontage. Six existing income-producing units, a prime corner location, flexible rental strategies, and potential future development upside make 1501 W Girard an opportunity to generate income today while positioning for tomorrow.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $1,025,000 |
| No. of Units: | 4 |
| Year Built: | 1915 |
| Lot Size: | 7,128.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $256,250 |
| Property Website | Click Here |
| Number of Bedrooms: | 0 |
| Number of Bathrooms: | 0 |
ID: 3yd-TRENDPA-PAPH2676048
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