COMPLETELY RENOVATED in 2019, 1247 S 53rd St is a 3 Residential Unit, TRIPLEX investment opportunity generating significant cash flow complete with Tax Abatement through 12/31/30. Inquire for Marketing Packet!! ALSO — this property presents an INCREDIBLE opportunity for an owner-occupant looking to live in a beautifully renovated unit while offsetting expenses with substantial rental income from the additional apartments. The flexible layout and ideal unit mix make this a rare opportunity for both investors and savvy buyers looking to build long-term wealth through real estate ownership. The property is located in one of the MOST DESIRABLE sections of the city, the Kingsessing neighborhood! This location is FANTASTIC. The property is surrounded by numerous amazing universities (University of Penn and Drexel University) and major hospitals (CHOP and Penn Hospital). It is also located within a short walk to great public transportation including Trolley Lines 13 and 34, and you are just steps from THE BEST Commercial Corridor in the city, Baltimore Avenue. This will be an incredible investment opportunity for years to come. The property is complete with an ideal unit mix. Unit 1 is a bi-level unit with 2 Bedrooms and 2 Full Bathrooms and additional den/office spaces, Unit 2 is 2 Bedrooms and 1 Full Bathroom, and Unit 3 is 1 Bedroom and 1 Bathroom. The price, size, and condition of the property attract very good tenants of all different types. There are so many options with this property! This is a perfect purchase for an investor seeking great cash flow and long-term upside, or an owner-occupant wanting to significantly reduce their monthly housing expenses while owning a fully renovated, tax-abated building in a prime Philadelphia location. Contact us so we can walk you through the numbers! Do not wait long, this WILL NOT LAST!!
Sold for $520,000
Zillow last checked:
Listing updated:
Bought with:
Dee G Hill, RS306138
Compass RE
Source: Bright MLS,MLS#: PAPH2621000
Price history
| Date | Event | Price |
|---|---|---|
| 7/2/2026 | Sold | $520,000-1%$179/sqft |
Source:  Bright MLS #PAPH2621000 Report a problem | ||
| 6/4/2026 | Contingent | $525,000$181/sqft |
Source: Bright MLS #PAPH2621000 Report a problem | ||
| 5/19/2026 | Listed for sale | $525,000+1%$181/sqft |
Source: Bright MLS #PAPH2621000 Report a problem | ||
| 7/7/2025 | Listing removed | $520,000$179/sqft |
Source: Bright MLS #PAPH2407100 Report a problem | ||
| 5/19/2025 | Price change | $520,000-1.9%$179/sqft |
Source: Bright MLS #PAPH2407100 Report a problem | ||
| 10/21/2024 | Listed for sale | $530,000+8.2%$183/sqft |
Source: Bright MLS #PAPH2407100 Report a problem | ||
| 11/30/2022 | Sold | $489,700-1.9%$169/sqft |
Source: Bright MLS #PAPH2166048 Report a problem | ||
| 11/25/2022 | Pending sale | $499,000$172/sqft |
Source: Bright MLS #PAPH2166048 Report a problem | ||
| 10/31/2022 | Contingent | $499,000$172/sqft |
Source: Bright MLS #PAPH2166048 Report a problem | ||
| 10/19/2022 | Price change | $499,000-5%$172/sqft |
Source: Bright MLS #PAPH2166048 Report a problem | ||
| 10/13/2022 | Listed for sale | $525,000+10400%$181/sqft |
Source: Bright MLS #PAPH2166048 Report a problem | ||
| 12/20/2018 | Sold | $5,000+25%$2/sqft |
Source: Public Record Report a problem | ||
| 3/20/1996 | Sold | $4,000$1/sqft |
Source: Public Record Report a problem | ||
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Estimated market value
$521,700
