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)
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
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Philadelphia, PA.
This property is $184.6K more than the Median Sold Price and $43/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.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$2,313
Per Month
Principal & Interest
$2,246
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$1,416
Powered By
Advertisement
NMLS#3030
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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
5
/10
Thomas G. Morton School
2501 S 63rd St
Distance between this listing and this school1.30 miles
Public District Grades KG-5
5
/10
Joseph W. Catharine School
6600 Chester Ave
Distance between this listing and this school1.49 miles
Public District Grades KG-5
6
/10
W B Evans Magnet School
900 Baily Rd
Distance between this listing and this school1.82 miles
Public Magnet Grades KG-6
Nearby Schools
3
/10
Benjamin B. Comegys School
5100 Greenway Ave
Distance between this listing and this school0.11 miles
Public District Grades KG-8
3
/10
Mitchell Elementary School
5500 Kingsessing Ave
Distance between this listing and this school0.42 miles
Public District Grades KG-8
4
/10
Independence Charter School West
5600 Chester Ave
Distance between this listing and this school0.49 miles
Public Charter Grades KG-8
Nearby Schools
5
/10
Mastery Charter School-Hardy Williams
5400 Warrington Ave
Distance between this listing and this school0.45 miles
Public Charter Grades KG-12
3
/10
The Workshop School
221 S Hanson St
Distance between this listing and this school0.96 miles
Public Magnet Grades 9-12
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. The most common annual income of people living in Philadelphia, PA is less than $35k. Most families are single, no kids. Most 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 219 listings were sold over their listed price in November 2024 in Philadelphia, PA. In the same period over 523 listings were sold below the listed price and 204 listings were sold for the listed price. Between October 2024 and November 2024, Philadelphia, PA real estate market has seen increase in the number of listings by 1.8%. In November 2024, listings were on the market for 45 days. During the same period, the median list price in this real estate market was $265,372.
From Rocket Homes Real Estate and based on county public records data.