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Photo of 1642 Cambridge Street, Philadelphia PA
1642 Cambridge Street
Francisville
Philadelphia, PA 19130
# of Units
3
2 Bdrm Units
2
3 Bdrm Units
1
Acres
0.03
Interior SqFt
4,568
Age
7
Heating
Electric
Cooling
Central A/C
Water
Public
Sewer
Public
Garages
0
Taxes (2026)
3,122
Additional Details Below

Description

High-Income 3-Unit Investment Opportunity in Francisville | Built 2019 | Tax Abatemen Turnkey triplex generating $6,495+ per month in projected rental income, located in the rapidly growing Francisville section of Philadelphia. Built in 2019, this modern multi-family property offers strong in-place income, low maintenance, and approximately 4 years remaining on a tax abatement, helping maximize cash flow. Ideal for investors or owner-occupants One unit is currently vacant, creating an immediate opportunity to house hack or lease at market rent. Property Breakdown: Unit A, Bi-Level, 4 Bed, 3 Bath Spacious private-entry unit with open living area, patio access, and in-unit laundry. Currently rented at $2,450/month through April 2027. Unit B, 2 Bed, 2 Bath Open layout with bedrooms on opposite ends, each with walk-in closets and bathroom access. Vacant, projected rent $1,995/month. Unit C, 2 Bed, 2 Bath + Roof Deck Split-bedroom design with private rooftop access and city views. Currently rented at $2,150/month through November 2026. Investment Highlights: Projected gross income: $77,940+ annually Tenants pay most utilities (low expense structure) Modern construction, built 2019 High bedroom-to-bath ratio increases rental demand Multiple rental strategies, long-term, roommate-style, or mid-term Located minutes from Center City, Temple University, major hospitals, and public transportation, this property sits in a high-demand rental corridor with continued neighborhood growth and strong tenant demand. Strong existing leases, modern layouts, and long-term upside make this a compelling addition to any portfolio. Disclaimer: Information is deemed reliable but not guaranteed. Buyer to verify all details including tax abatement, income, zoning, and square footage. This is not legal or financial advice.

Location

Listing Details

Property Information

Summary
Architectural Type

Contemporary

Interior Features
Flooring

Ceramic Tile, Hardwood

Basement

Daylight, Full, Full, Fully Finished, Concrete Perimeter

Interior Features

Combination Kitchen/Living, Primary Bath(s), Sprinkler System, Recessed Lighting, Bathroom - Stall Shower, Upgraded Countertops, Wood Floors, Bathroom - Walk-In Shower, Pantry, Walk-in Closet(s)

Appliances

Built-In Microwave, Dishwasher, Disposal, Dryer - Electric, Energy Efficient Appliances, Intercom, Microwave, Oven - Self Cleaning, Oven/Range - Electric, Stainless Steel Appliances, Stove, Washer

Exterior Features
Lot Features

Corner

Exterior Features

Roof Deck, Sidewalks, Street Lights, Patio(s), Roof, Masonry, Advanced Framing, Brick, Concrete

Utilities
Cooling

Central A/C, Electric

Heating

90% Forced Air, Electric

Hot Water

Electric

Sewer

Public Sewer

Water

Public

Property History

Date
Change
Price

Miscellaneous

Assessment : 0
Zoning: Rm1
Lattitude : 39.971260
Longitude : -75.164330
MLS# : PAPH2605536
Views : 31
Listing Courtesy: Tykey Jackson of Philadelphia Realty Exchange

Notes

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Presentation: © 2026 EveryHome, Realtors, All Rights Reserved. EveryHome is licensed by the Pennsylvania Real Estate Commission - License RB066839

Real estate listings held by brokerage firms other than EveryHome are marked with the IDX icon and detailed information about each listing includes the name of the listing broker.

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.

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