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5,200 sqft

$1,399,000

2537 MONTROSE STREET, PHILADELPHIA PA, 19146

Price per sqft$269.04
Built in2017
Property size5,200 sqft
Property typeMulti-family

Overview

Active

Active-bright

Listed Oct 6, 2026

Updated 4h ago

Turnkey 4-Unit New Construction Investment — Graduate Hospital, Philadelphia Rare Investment Opportunity | 19146 | North of Washington Avenue Asking Price: $1,399,000 Rare opportunity to acquire a turnkey, newly constructed 4-unit multifamily property in Philadelphia’s highly sought-after Graduate Hospital neighborhood. Located in 19146, north of Washington Avenue, this modern income-producing asset offers investors the opportunity to acquire a recently constructed property with strong rental income and the benefit of the remaining 10-year tax abatement. The property features four thoughtfully designed residential units, including: • 2 One-Bedroom Units • 1 Two-Bedroom Unit • 1 Three-Bedroom Unit The units feature high-end finishes, premium flooring, upgraded appliance packages, and imported doors and windows. Energy-efficient doors, windows, and exterior materials further enhance resident comfort and operating efficiency. The property is currently generating approximately $8,000 per month in rental income, representing approximately $96,000 in gross annual rental income. Investment Highlights • $1,399,000 asking price • 4-unit new construction multifamily property • Approximately $8,000/month current rental income • Approximately $96,000 annual gross rental income • Remaining 10-year tax abatement 3 years remaining • 2 one-bedroom units • 1 two-bedroom unit • 1 three-bedroom unit • High-end finishes throughout • Upgraded appliance packages • Imported doors and windows • Energy-efficient construction and exterior materials • Turnkey, income-producing investment • Located in Graduate Hospital / 19146 • North of Washington Avenue • Walking distance to Rittenhouse Square, University City, and Schuylkill Banks • Convenient access to public transportation and I-76 Income Snapshot Asking Price: $1,399,000 Current Gross Rental Income: $96,000/year Gross Rent Multiplier: Approximately 14.57x Gross Yield: Approximately 6.86% Cap rate and NOI should be calculated once annual operating expenses, insurance, utilities, maintenance, management, and other property expenses are confirmed. Investment Opportunity This offering presents an opportunity to acquire a modern, newly constructed multifamily asset in one of Philadelphia’s established and highly desirable residential neighborhoods. The combination of new construction, multiple residential units, current rental income, high-end finishes, and the remaining tax abatement provides a compelling foundation for both investors seeking current income and those focused on long-term appreciation.

$9,308/mo

Est. mortgage payment based on a $1,399,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
PAPH2677482

Interior Features

Cooling
Yes
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.03 Acres

Other Property Details

Taxes
$3,863
Tax Frequency
Annually
MLS provider logo

Listed by Realty Mark Associates
Listing Contact: 2674758888 

The IDX display contains information sourced from the Bright MLS, Inc. as of 10/6/2026. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

©2026 Bright MLS, Inc. all rights reserved.

Data last updated on 10/6/2026 at 7:09 PM UTC

 

Keller Williams

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