USAPAPhiladelphiaEast Falls2031 E Susquehanna Ave

2031 E Susquehanna Ave, Philadelphia, PA

House

For Sale

Listed price in listed location currency (USD).

$615,000

000

MLS® PAPH2582090

Key Facts
Description
Map

Key Facts

Type Triplex

Levels Residential Income

Size 2310 sqft

Garage

Taxes $10,848

Days Active 78

Lot Size

Approx. Age 1917

Avg. Price Per Sqft $266

MLS® Number PAPH2582090

Property Address: 2031 E Susquehanna Ave, PHILADELPHIA, PA, 19125-1564

Average square foot calculated using Size range provided by listing agent.

Description

Inquire about the 3D walkthrough of the whole building! Price improvement, and now 2 of the 3 units renewed through Summer 2027! The top floor unit can be delivered vacant on August 1 for an owner-occupant or rented out if the buyer is an investor. A rare opportunity to acquire a fully renovated triplex in one of Philadelphia's most desirable markets. All three 2-bed/1-bath units have been updated with new kitchens, hardwood floors, central AC and heat, in-unit washer/dryer, and updated plumbing, electric, and mechanicals, making this a true turnkey asset with strong tenant demand from day one. The property currently generates $55, 020 in annual gross rental income which would put it at 11.18x GRM which is better than the area average of 11.55x, even though two of the three units were leased $100 to $150 below market during the off-season in September & November. Lease expirations are in June, July, and August which align perfectly with peak rental season, giving the new owner a clear path to capture that upside without any construction. There is also a meaningful tax opportunity. The city slapped a huge $10, 800 annual tax bill on the property which is based on a city's 750k assessment. An appeal at the $615K purchase price would bring taxes down to approximately $9, 000, saving roughly $1, 800 per year. Combined with the rent increases, that is over $4, 200 in additional annual income achievable through leasing and paperwork alone, pushing the projected CAP rate to 6.6% and GRM to 10.62x with conservative rents, which is exceptional for this submarket. For the owner-occupant, this is truly turnkey. Move in, skip the leasing process, and start collecting rent on day one in a natural house-hack setup where the other two units cover your carrying costs while you settle in. All current tenants are highly qualified and maintain the property well. All the units are beautifuly furnished & taken care of. A mortgage broker is available to consult on monthly payments and how to acquire this asset with as little money down as possible. Leases, applications, and full rent history available upon request.

MLS® NumberPAPH2582090

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1917

BasementOther

DrivewayNone

Garage Spaces

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Feb 9, 2026List Date

$615,000List Price

Commute

Commute

Starting Address

Destination Address

Like what you see?

Complete the form and we'll be in touch. No login necessary.

Add a Comment

I want to view this property

By pressing "Take a Tour", I confirm that I have read and agree to the eXp Privacy Policy, and Terms of Use.

By pressing "Take a Tour", I am electronically signing and consenting to receive marketing comms about real estate brokerage and mortgage lending services, delivered via email, phone and/or text (using "automated technology" such as an automatic telephone dialing system, and/or an artificial or prerecorded voice), from eXp Realty® and its independent contractor real estate professionals and their affiliate SUCCESS® Lending using the contact information I provided. Your consent is not a condition of purchase and you may revoke it at any time by replying "STOP" to any texts. Text HELP for more info. Message and data rates may apply. You may also contact us directly at 1-844-683-4664.

Similar Listings

Comparable Properties

Explore eXp Find an Agent Join eXp Investor Relations Company Careers Home Guides

eXp Life Zoocasa SUCCESS®SUCCESS® Lending eXp Revenos eXp Commercial eXp Luxury eXp Land and Ranch Accessibility

Terms and Conditions Privacy Rights Request Privacy Policy Cookie Policy Brand Guidelines Help Sitemap

2219 Rimland Drive, Suite 301, Bellingham, Washington, 98226

1 833-303-0610

[email protected]

eXp REALTY

DMCA Notice

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply

Fair Housing and Reasonable Accommodations

MLS Compliance Statements

Karen Richards - Designated Managing Broker, Broker Operations - TX

Texas Real Estate Commission information about brokerage services

Texas Real Estate Commission Consumer Protection Notice

eXp Realty® is committed to adhering to the guidelines of The New York State Fair Housing Regulations.The Fair Housing Notice →

*Standardized Operating Procedure for Purchasers of Real Estate Pursuant to Real Property Law 442-H.Learn More →

eXp Realty of California, Inc. | CA DRE# 01878277 | Deborah Penny - Designated Broker

eXp Realty of Southern California, Inc. | CA DRE#01325837 | Jason Crawford – Designated Broker

eXp Realty of Greater Los Angeles, Inc. | CA DRE# 01240990 | Mike Mendibles - Designated Broker

eXp Realty of Northern California, Inc. | CA DRE# 01951343 | Ryan Rosas - Designated Broker