711 W THOMPSON Street
Property Description
**TURNKEY TRIPLEX IN OLDE KENSINGTON | COMPLETELY RENOVATED | SEPARATE UTILITIES | ADA ACCESSIBLE** Welcome to 711 W Thompson Street, a legally zoned triplex located in the heart of Olde Kensington, just one block from Girard Avenue and within walking distance of Northern Liberties. This exceptional 3-unit property offers approximately 3,400 square feet of living space and has been extensively renovated and rebuilt with functionality, quality, and long-term value in mind. The property was completely renovated and rebuilt in 2017 under the oversight of an architect (drawings and plans avail), and the seller has continued to invest in the property with a major 2026 renovation of the first- and second-floor units. Both units feature brand-new kitchens, bathrooms, HVAC systems, flooring, paint, doors and trim, plumbing, and electrical. The result is a truly move-in-ready property with the major work already completed. Each unit offers 2 bedrooms and 1 full bathroom, with each unit estimated to provide more than 1,000 square feet of living space. The first-floor unit is already wheelchair accessible and the property is ADA compliant, providing additional flexibility for an owner occupant or investor. Another major advantage is that the utilities are already separately metered, helping simplify management and significantly reducing the cost and complexity that can come with converting or separating utilities. Whether you're an investor looking to add a turnkey multifamily property to your portfolio or a first-time homeowner looking to live in one unit while generating rental income from the others, this property offers tremendous flexibility. With the renovations already completed, there is no need to take on a major rehab project. Bring your furniture, move in, and start enjoying the property. The location is equally impressive. Situated just one block from Girard Avenue, the property is within easy walking distance of Northern Liberties, public transportation, bus routes, and the Market-Frankford Line. Major roadways including I-76 and I-95 are also less than a five-minute drive away, providing convenient access throughout Philadelphia and the surrounding suburbs. This is your opportunity to acquire a renovated, income-producing multifamily property in one of Philadelphia's highly sought-after neighborhoods without the headaches and expense of a major renovation.
Broker Details
OCF Realty (215) 735-7368
MLS ID: 3224872 State License Number: RS338180
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $675,000 |
| No. of Units: | 3 |
| Year Built: | 1900 |
| Lot Size: | 3,360.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $225,000 |
| Property Website | Click Here |
| Number of Bedrooms: | 0 |
| Number of Bathrooms: | 0 |
ID: 3yd-TRENDPA-PAPH2678550
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