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sales rep | Brivity IDX

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2532 2532-38 Alter St , Philadelphia, PA 19146
$2,600,000
Est. Payment: $14,045.65/mo
16 Bed
4 Bath
2094 Sqft
0.02 Acres
Status: active | Days on site: 90
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55931 - 3191177
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House Description

Rare opportunity to acquire a portfolio of four newer-construction duplexes offered together in one of Philadelphia's fastest-growing neighborhoods. Built between 2019 and 2021, these low-maintenance investment properties are being sold as a portfolio, with a minimum purchase of three duplexes required, offering excellent scalability for investors looking to expand their holdings. Each duplex consists of two well-appointed units: The upper unit features 2 bedrooms, 2.5 bathrooms, a spacious 21-foot-wide open-concept layout, hardwood flooring throughout, quartz countertops, stainless steel appliances, a full-size in-unit washer and dryer, generously sized bedrooms, a primary suite with an en-suite bath, and exclusive access to a private rooftop deck. The lower unit offers 2 bedrooms and 2 bathrooms with an open floor plan, hardwood floors, abundant natural light, a modern kitchen with white cabinetry, quartz countertops, stainless steel appliances, a full-size in-unit washer and dryer, spacious bedrooms, a primary suite with an en-suite bath, and a private rear patio. This fully leased portfolio has experienced consistently high occupancy with an exceptionally low vacancy rate, providing immediate, reliable cash flow. Current rent roll and lease terms are available upon request. Ideally located just minutes from the University of Pennsylvania, Drexel University, and Center City, the properties are convenient to Philadelphia's top employers, restaurants, shopping, and cultural attractions. Generating $192,600 in gross annual rental income, this turnkey portfolio combines strong in-place cash flow, newer construction, low maintenance, and long-term appreciation potential. Whether you're completing a 1031 exchange or looking to scale your multifamily portfolio, this is an exceptional opportunity to acquire multiple stabilized assets in a single transaction.

Highlights

Listed by Billie Motto , 6093811570 Realty Management Works LLC , 2157017272. Bright MLS

Property Type

Multi-Family

Lot/Acreage
0.02

Year Built

2018

County

Philadelphia

Area

19146 (19146)

School District

The School District Of Philadelphia

Listing ID

PAPH2652854

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:16
  • ▪ Bathrooms:4
  • ▪ Full Bathrooms:4
Air Cond:Central A/C
Fireplaces:
Above Ground Sq Ft:2094
Basement:Full
Water:Public

Exterior Features

Lot:Not New Construction,Horse Property: No
Zoning:RM1
Sewer:Public Septic
Principal Interest
$14,046
Taxes
$595

Home Price

$2,600,000

Loan Details

30 yrs
7.148%

Down Payment

20%
$520,000
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:
$14,045.65

Principal

Taxes

Principal Taxes HOA Total
Monthly $14,045.65 $594.92 $0.00 $14,640.57
Yearly $168,547.80 $7,139.00 $0.00 $175,686.80
Total $5,056,434.01 $214,170.00 $0.00 $5,270,604.01
Lender profile image
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: 2026-11-14T03:13:49.000Z

© 2026 Bright MLS