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Photo of 523 W Venango Street, Philadelphia PA
523 W Venango Street
Nicetown-tioga
Philadelphia, PA 19140
# of Units
3
1 Bdrm Units
1
2 Bdrm Units
1
Acres
0.05
Interior SqFt
3,074
Age
100
Heating
Electric
Cooling
Window Unit(s)
Water
Public
Sewer
Public Septic
Garages
3
Taxes (2025)
1,383
Additional Details Below

Description

Love garages? Looking for a high-performing investment property with an impressive 16.45% cap rate and reliable tenants? Welcome to 523 W Venango Avenue. This pristine corner triplex with three garages showcases the care and attention the owner has invested. Each unit has been thoughtfully updated with modern kitchens, new flooring, renovated bathrooms, and electric baseboard heating. The building offers a mix of one studio, one two-bedroom, and one one-bedroom apartment. The garages are a standout feature—equipped with electric roll-up doors, heating, excellent overhead lighting, and extra storage space, plus a bonus upstairs mini office with AC and heat. The basement has been set up as a workshop, adding even more versatility to the property. Recent upgrades highlight the property’s turnkey condition, including a new roof installed in 2022, four new water heaters added in 2023, 100-amp service for each apartment, replacement windows throughout, and current lead testing. This is a rare opportunity to own a fully upgraded property with strong income, modern improvements, and unique features that set it apart. Close to Temple and Temple Hospital, close to several bus line and stores for tenants within walking distance.

Location

Driving Directions

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Listing Details

Summary
Architectural Type

Back-to-Back, Contemporary

Garage(s)

Garage Door Opener, Garage - Front Entry, Additional Storage Area, Oversized

Parking

Lighted Parking, Heated, Private, Paved Driveway, Paved Parking, On Street, Attached Garage

Interior Features
Flooring

Ceramic Tile, Partially Carpeted, Vinyl

Basement

Full, Improved, Outside Entrance, Poured Concrete, Workshop, Brick/Mortar

Exterior Features
Exterior Features

Masonry

Utilities
Cooling

Window Unit(s)

Heating

Baseboard - Electric, Electric

Hot Water

Natural Gas

Sewer

Public Septic

Water

Public

Property History

Date
Change
Price

Miscellaneous

Assessment : 0
Zoning: Rsa5
Lattitude : 40.006123
Longitude : -75.138031
MLS# : PAPH2540810
Views : 32
Listing Courtesy: Katherine Vail of Elfant Wissahickon-Rittenhouse Square

Notes

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Presentation: © 2025 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.

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