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1012 1012-16 Belmont Ave , Philadelphia, PA 19104
$255,000
Est. Payment: $1,377.55/mo
6 Bed
3 Bath
3011 Sqft
0.09 Acres
Status: active under contract | Days on site: 9
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RMAFFIL2 - 3366929
By proceeding and clicking the sign up button, you consent to receive calls and texts (SMS/MMS) including marketing and promotional communications, from IDX Support, its affiliates, and agents or vendors acting on their behalf. These communications may be delivered using an automatic telephone dialing system or by using an artificial or prerecorded voice. Message and data rates may apply. To opt out of text messages, reply STOP. Your consent is not required as a condition of any purchase. By continuing, you also agree to our Terms of Use and Privacy Policy.
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House Description

Calling all Investors!! Welcome to your next INVESTMENT OPPORTUNITY with the potential to be your next cash flowing property for years and years to come. 1012-16 Belmont Ave has an existing massive triplex consisting of one 3 bedroom/1 bath unit, one 2 bedroom/1 bath unit, and one 1 bedroom/1 bath unit. The existing triplex needs a full renovation to return it to it's peak glory, and once it is fully restored it will generate significant cash flow for the foreseeable future due to it's amazing location in the Mill Creek neighborhood of Philadelphia, located very close to the interstate as well as Fairmount Park. This property also comes with 2 RM1 lots in which you can maximize the opportunity by building two additional multifamily properties consisting of 2-5 units each. When fully built out, this property as a whole will be a cash cow. DON'T MISS OUT ON THIS OPPORTUNITY as these deals are a rare find.
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Highlights

Listed by Jamiel Ahmad Asghar , 2398496864 RE/MAX Select Group , 6106241034. Bright MLS

Property Type

Multi-Family
Lot/Acreage
0.09

Year Built

1915

County

Philadelphia

Area

19104 (19104)

 School District

Philadelphia City

Listing ID

PAPH2671798

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:6
  • ▪ Bathrooms:3
  • ▪ Full Bathrooms:3
Above Ground Sq Ft:3011
Basement:Unfinished
Water:Public

Exterior Features

Lot:Not New Construction,Horse Property: No
Zoning:RM1
Sewer:Public Sewer
Parking Features:On Street
Principal Interest
$1,378
Taxes
$440

Home Price

$255,000

Loan Details

30 yrs
7.148%

Down Payment

20%
$51,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$1,377.55

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,377.55 $439.83 $0.00 $1,817.39
Yearly $16,530.65 $5,278.00 $0.00 $21,808.65
Total $495,919.49 $158,340.00 $0.00 $654,259.49
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Chico Gordy
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Market insight data is pulled from the same city as the listing being viewed (Philadelphia, PA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Bright MLS, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-11-14T01:13:51.000Z

© 2026 Bright MLS