2 months on rocket

412 E Walnut Ln, Philadelphia, PA, 19144

$410,000

Home List Price

$4,869*

Closing Credit

0 Baths
2,304 SqFt
$178/SqFt
Multi

Location

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412 E Walnut Ln, Philadelphia$410,000

Buyer Closing Credits

$4,869*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
ParkingOff Street
Year Built1910
HeatingBaseboard
CoolingNone
MLS #PAPH2391706
Lot Size0.17 Acres
StatusActive
(ACTIVE)

About 412 E Walnut Ln

PRICE CORRECTION IT WILL GO MUCH FASTER - PUT IN YOUT OFFER TODAY Exceptional Germantown Multifamily Investment – A Must-See Opportunity! Discover the potential of this well-maintained 4-unit multifamily property in the heart of Germantown, a thriving neighborhood that continues to experience strong demand and impressive growth. This fully occupied building is currently generating approximately $3,800 in gross monthly rent, offering immediate cash flow from day one. However, with rental rates in the area climbing by 25% over the past three years, there’s significant potential to increase rents and boost your return on investment even further. 4 Spacious Units: Each unit is well-kept, providing comfortable living spaces that appeal to tenants seeking quality homes in the area. Fully Occupied: All four units are currently rented to responsible, tidy tenants, providing consistent rental income without the hassle of finding new occupants. Strong Rental Market: Germantown is experiencing a surge in rental demand, with rental rates steadily increasing over the past few years. This property is perfectly positioned to benefit from this trend, with room to raise rents in the future to align with the market. -Versatility: Whether you’re an investor seeking a solid, low-maintenance income property or a potential homeowner looking for an opportunity to live in one unit while renting out the other three to cover your mortgage, this property offers unmatched flexibility. Situated in a prime Germantown location, this property enjoys close proximity to schools, parks, shopping centers, and public transportation, making it highly attractive to renters. The neighborhood has seen continuous revitalization, with new developments and amenities enhancing its appeal. Germantown's rich history and vibrant community make it a sought-after location for tenants and investors alike. With stable cash flow already in place, the real opportunity lies in the future upside. As rental demand continues to rise, you could capitalize on the opportunity to increase rents in line with the local market, significantly improving your returns. Plus, properties like this, offering both immediate income and long-term appreciation potential, are increasingly hard to come by in Germantown’s competitive real estate market. Perfect for Investors or Owner-Occupants: Looking for a hassle-free investment property that practically manages itself? With all tenants already in place and well-maintained units, this is an ideal option for first-time or experienced investors alike. Alternatively, live in one unit while the rental income from the other three helps cover your mortgage payments, allowing you to build equity with ease. Don’t Miss Out! This is a rare chance to secure a high-performing property in one of Philadelphia’s most promising neighborhoods. Whether you’re looking to expand your portfolio or make a strategic move into multifamily ownership, this property is a smart investment. With the rental market on the rise and demand for quality housing in Germantown growing, this opportunity won’t last long. Schedule a showing today and see why this property stands out from the rest!

Property Details

Property Features

Property Information:

  • Architectural Style: Other
  • Year Built: 1910
  • Living Area: 2,304 SqFt

Listing Office:

  • Office Name: Del Val Realty & Property Management
  • Office Phone: (484) 328-3282
  • Listing Agent: Arica Miller

Exterior Features

Parking Information:

  • Parking: Off Street

Lot Features

Lot Information:

  • Lot Size: 0.17 Acres

Utilities

Utilities Information:

  • Heating: Baseboard
  • Cooling: None

Other

Directions Information:

  • Directions: Ross Street and E Walnut Lane

Municipality:

  • Philadelphia

Price Information

Listing Price Info

Price Summary:

  • List Price: $410,000
  • Price Per SqFt: $178/SqFt

Tax Information:

  • Annual Amount: $1,701
  • Tax Year: 2020
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Housing Market Comparison

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

Med. Sold Price

$261.8K

Med. Price/SqFt

$199

Avg. Days On Market

44

# of Sold Homes

1056

412 E Walnut Ln vs Philadelphia

73 DAYS ON ROCKET

+29 Days

$410,000

+$148.1K More

$178/SqFt

-$21 Less

KEY TAKEAWAY

This property is $148.1K more than the Median Sold Price and $21/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: #PAPH2391706

Listing Office:

  • Office Name: Del Val Realty & Property Management
  • Office Phone: (484) 328-3282
  • Listing Agent: Arica Miller

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: 11/21/2024, 6:20:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Nov 02, 2017Home Sold
$220,000
Jun 15, 2016Home Sold
$170,000
Mar 14, 2011Home Sold
$220,000
May 30, 2008Home Sold
$92,000

Tax History

YEARPROP. TAXASSESSMENT
2020$1,701 -
2019$1,678$119,900
2018$3,045$217,500
2017$3,045$217,500

History based on county public records data.

Payment Calculator

$2,114

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,296

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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-397443
4
/10
  • Elenor C. Emlen Elementary School

  • 6501 Chew Ave

  • 0.61 miles

  • Public District Grades KG-5

school-card-donut-397444
4
/10
  • Mastery Charter School John Wister Elementary School

  • 67 E Bringhurst St

  • 0.93 miles

  • Public Charter Grades KG-5

school-card-donut-397445
2
/10
  • Joseph Pennell Elementary School

  • 1800 Nedro Ave

  • 1.19 miles

  • Public District Grades KG-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $31,838. The majority of Philadelphia, PA residents have income less than $35k annually. Most families are single, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas


Rocket HomesPennsylvaniaPhiladelphia CountyPhiladelphia19144412 E Walnut Ln

This home is located at 412 E Walnut Ln in Philadelphia, PA and zip code 19144 in the Germantown / Chestnut Hill neighborhood. This 2,304 square foot home, which was built in 1910, sits on a 0.17 acre lot. It has been listed on Rocket Homes since September 09, 2024 and is currently priced at $410,000.

Over 252 listings were sold over their listed price in October 2024 in Philadelphia, PA. In the same period over 567 listings were sold below the listed price and 237 listings were sold for the listed price. The number of homes for sale in Philadelphia, PA increased by 9.8% between September 2024 and October 2024. In October 2024 median list price was $261,807 and the average listing age was 44 days.

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

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