Exceptional Owner-Occupant Opportunity in Kingsessing Park – 1242 S 51st Street, Philadelphia, PA 19143 This stunning 3,240 sq. ft. Victorian triplex is the perfect blend of historical charm and modern updates, making it an unbeatable investment for any owner-occupant looking for immediate cash flow or to add to their portfolio. Nestled directly across from the serene Kingsessing Park, this property offers not only a prime location but also a unique opportunity to let your tenants help cover the mortgage while you enjoy steady property appreciation. Key Features: Structural Integrity: Comprehensive updates to the property include: New windows and siding (2018) Brand-new roof with a 10-year warranty (2022) Upgraded electrical service All beams replaced and new masonry work, ensuring lasting structural integrity. Flooring under warranty for additional peace of mind. Utilities & Systems: Separate water meters for each unit, offering tenants autonomy and landlords ease of management. Laundry hookups available for added convenience. A recently recertified fire alarm system. Full surveillance system installed for enhanced security. Remote control temperature for seamless management of heating and cooling. Ongoing Maintenance: The property includes a month-to-month exterminator contract, ensuring ongoing pest control and maintenance, providing tenants and landlords peace of mind. Rental Income: Current Rental Breakdown: Unit 1: 1 bed/1 bath, $1,100/mo, fully renovated with direct access to the yard. Unit 2: 2 bed/1 bath, $1,100/mo, fully renovated with modern finishes. Unit 3: 3 bed/1 bath, $1,200/mo, newly renovated in 2024 with breathtaking views of Kingsessing Park and a livable attic space. The property is already generating consistent income through University Contracts, making this an ideal investment for those seeking a dependable revenue stream. Prime Location: Situated close to Bartram's Historic Garden, University City, and convenient public transportation, this property offers an unbeatable location for tenants. The street also features a local library, adding to the community feel of the neighborhood. This move-in-ready triplex is not only an architectural beauty but also a sound investment with all the major updates completed. Don’t miss out on the chance to own a piece of Philadelphia’s Victorian charm, upgraded with modern amenities. Contact Dominique Ferguson at RE/MAX Classic Realtors for a private showing today.
Property Details
Property Features
Property Information:
Architectural Style: Victorian
Year Built: 1915
Living Area: 2,850 SqFt
Listing Office:
Office Name: RE/MAX Classic
Office Phone: (610) 687-2900
Listing Agent: William Holder
Interior Features
Interior Information:
Appliances: Stove, Refrigerator
Basement: Yes
Flooring Type: Laminate Plank
Exterior Features
Parking Information:
Parking: On Street
Lot Features
Lot Information:
Lot Size: 0.03 Acres
Utilities
Utilities Information:
Heating: Forced Air
Cooling: Window Unit(s)
School Info
Assigned Schools Information:
John Bartram High School, Public District Grades 9-12
Benjamin B. Comegys School, Public District Grades KG-7
Other
Directions Information:
Directions: GPS
Municipality:
Philadelphia
Price Information
Listing Price Info
Price Summary:
List Price: $450,000
Price Per SqFt: $158/SqFt
Tax Information:
Annual Amount: $1,383
Tax Year: 2020
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Housing Market Comparison
See how this home compares to others in Philadelphia, PA.
This property is $189.6K more than the Median Sold Price and $40/SqFt less than other homes in Philadelphia, PA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: BRIGHT
MLS Number: #PAPH2396446
Listing Office:
Office Name: RE/MAX Classic
Office Phone: (610) 687-2900
Listing Agent: William Holder
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.
The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
3
/10
Benjamin B. Comegys School
5100 Greenway Ave
Distance between this listing and this school0.11 miles
Public District Grades KG-7
High School
2
/10
John Bartram High School
2401 S 67th St
Distance between this listing and this school1.57 miles
Public District Grades 9-12
Assigned Schools
3
/10
Benjamin B. Comegys School
5100 Greenway Ave
Distance between this listing and this school0.11 miles
Public District Grades KG-7
Nearby Schools
3
/10
S. Weir Mitchell Elementary School
5500 Kingsessing Ave
Distance between this listing and this school0.43 miles
Public District Grades PK-6
2
/10
A. D. Harrington School
530034 Baltimore Ave
Distance between this listing and this school0.76 miles
Public District Grades KG-6
Nearby Schools
4
/10
Richard Allen Preparatory Charter School
2601 S 58th St
Distance between this listing and this school0.90 miles
Public Charter Grades 5-9
6
/10
Universal Alcorn Charter School
3200 Dickinson St
Distance between this listing and this school1.18 miles
Public Charter Grades KG-8
2
/10
Kipp West Philadelphia Preparatory Chart
5900 Baltimore Ave
Distance between this listing and this school1.30 miles
Public Charter Grades 5-8
Assigned Schools
2
/10
John Bartram High School
2401 S 67th St
Distance between this listing and this school1.57 miles
Public District Grades 9-12
Nearby Schools
5
/10
Hardy Williams Academy Charter School
1712 S 56th St
Distance between this listing and this school0.48 miles
Public Charter Grades KG-12
4
/10
Boys Latin of Philadelphia Charter School
5501 Cedar Ave
Distance between this listing and this school1.08 miles
The neighbors living near this home have an average income of $28,644. Typical income of Philadelphia, PA residents is less than $35k annually. Most families are single, no kids. The majority of residents in this area have high school diploma education.
This home is located at 1242 S 51st St in Philadelphia, PA and zip code 19143 in the Southwest Schuylkill neighborhood. This 2,850 square foot home, which was built in 1915, sits on a 0.03 acre lot. It has been listed on Rocket Homes since September 18, 2024 and is currently priced at $450,000.
Over 210 listings were sold over their listed price in September 2024 in Philadelphia, PA. In the same period over 494 listings were sold below the listed price and 203 listings were sold for the listed price. In September 2024 in Philadelphia, PA there were 7.8% more homes for sale than in August 2024. In September 2024 median list price was $260,372 and the average listing age was 46 days.
From Rocket Homes Real Estate and based on county public records data.