1 year on rocket

2337-41 S Alder St, Philadelphia, PA, 19148

$685,000

Home List Price

$8,134*

Closing Credit

0 Baths
4,800 SqFt
$143/SqFt
Multi

Location

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2337-41 S Alder St, Philadelphia$685,000

Buyer Closing Credits

$8,134*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
ParkingOn Street
Year Built1925
HeatingForced Air, Radiant
CoolingCentral Air, Wall Unit(s)
MLS #PAPH2241848
Lot Size0.06 Acres
StatusActive
(ACTIVE)

About 2337-41 S Alder St

Discover this outstanding investment in Lower Moyamensing! This property offers four, fully rented, turnkey units across three addresses, presenting a versatile and profitable opportunity. Currently earning over $61,000 in gross annual income, with a 6.7% Cap rate, this property is an excellent addition to any investment portfolio. The property includes three 800 SF, 1-bedroom, 1-bathroom residential apartments, each equipped with in-unit washer and dryers. Additionally, a 2,000+ SF Commercial Garage space is occupied by a local sign company, ensuring extra steady income. Beyond its investment potential, consider transforming this property into your dream mansion with parking! Located in bustling Lower Moyamensing, it provides proximity to all the restaurants and stores along Passyunk Ave, and SEPTA. Act quickly to explore this versatile property in Lower Moyamensing. Whether you're an investor or seeking your ideal home, this opportunity won't last long. Contact us today to schedule a viewing!

Property Details

Property Features

Property Information:

  • Architectural Style: Other, Converted Dwelling
  • Year Built: 1925
  • Living Area: 4,800 SqFt

Listing Office:

  • Office Name: OCF Realty LLC - Philadelphia
  • Office Phone: (215) 735-7368
  • Listing Agent: Eric J Gerchberg

Interior Features

Interior Information:

  • Basement: No

Exterior Features

Parking Information:

  • Parking: On Street

Lot Features

Lot Information:

  • Lot Size: 0.06 Acres

Utilities

Utilities Information:

  • Heating: Forced Air, Radiant
  • Cooling: Central Air, Wall Unit(s)

Other

Directions Information:

  • Directions: Best bet is to use your GPS... Drive West on Ritner. Just past 10th St, make a right onto S Alder St. Property will be on your right.

Municipality:

  • Philadelphia

Price Information

Listing Price Info

Price Summary:

  • List Price: $685,000
  • Price Per SqFt: $143/SqFt
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Housing Market Comparison

See how this home compares to others in Philadelphia, PA.

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Philadelphia, PA

City

Med. Sold Price

$265.3K

Med. Price/SqFt

$200

Avg. Days On Market

45

# of Sold Homes

946

2337-41 S Alder St vs Philadelphia

572 DAYS ON ROCKET

+527 Days

$685,000

+$419.6K More

$143/SqFt

-$58 Less

KEY TAKEAWAY

This property is $419.6K more than the Median Sold Price and $58/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: #PAPH2241848

Listing Office:

  • Office Name: OCF Realty LLC - Philadelphia
  • Office Phone: (215) 735-7368
  • Listing Agent: Eric J Gerchberg

IDX 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.

BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2024 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/24/2024, 8:20:58 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$3,486

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,120

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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.

Nearby Schools

school-card-donut-1335126
7
/10

  • Abram Stockton Jenks School

  • 2501 S 13th St

  • 0.40 miles

  • Public District Grades KG-5

school-card-donut-1335127
5
/10

  • Francis Scott Key School

  • 2230 S 8th St

  • 0.56 miles

  • Public District Grades KG-6

school-card-donut-1335128
3
/10

  • Stephen Girard Elementary School

  • 1800 Snyder Ave

  • 0.97 miles

  • Public District Grades KG-4

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $46,250. The most common annual income of people living in Philadelphia, PA is between $35k-100k. The most common type of family is single, no kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›Pennsylvania›Philadelphia County›Philadelphia›19148›2337-41 S Alder St

This home is located at 2337-41 S Alder St in Philadelphia, PA and zip code 19148 in the South Philadelphia neighborhood. This 4,800 square foot home, which was built in 1925, sits on a 0.06 acre lot. It has been listed on Rocket Homes since May 31, 2023 and is currently priced at $685,000.

Philadelphia, PA housing market in November 2024 saw over 219 listings sold above listed price, more than 204 sold at listed price and over 523 sold below. The inventory of homes for sale in Philadelphia, PA between October 2024 and November 2024 increased by 1.8%. The median list price of listings available in November 2024 was $265,372, while the average time on the real estate market was 45 days.

From Rocket Homes Real Estate and based on county public records data.

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