Income-Producing Triplex in Overbrook Park | Newly Renovated 2nd Floor Kitchen, Ready for Its Next Tenant This three-unit property has three 2-bedroom apartments and a current rental license, and it's ready for an investor to step in and grow its income. Current Rents: 2nd Floor (2BR): $1,700/month – recently vacated, newly renovated kitchen 1st Floor (2BR): $1,650/month – reliable PHA tenant Lower Level (2BR): $1,450/month – reliable PHA tenant Total: $4,800/month Upside Potential: All three units currently rent below the PHA payment standard. Current PHA standards show up to $2,010/month for a 2-bedroom, which could bring potential gross rent to about $6,030/month once the building is fully leased at updated rates. Increases for the PHA units are subject to PHA approval. Features: On-site laundry machines Updated fire alarm system Current rental license Vacant 2nd floor ready to lease at market rate Leases are available on request. The property is sold as-is, where-is. The seller will consider cash, hard money, and conventional financing. Inspections are for informational purposes only.
For sale
$364,900
1627 N 56th St, Philadelphia, PA 19131
6beds
3baths
2,226sqft
Townhouse
Built in 1915
-- sqft lot
$-- Zestimate®
$164/sqft
$-- HOA
What's special
On-site laundry machines
- 38 days
- 52
- 2
Zillow last checked:
Listing updated:
Listed by:
Kinny Peterkin 610-930-8993,
Tesla Realty Group, LLC 8448375274
Source: Bright MLS,MLS#: PAPH2666240
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 3
Basement
- Area: 0
Heating
- Baseboard, Electric
Cooling
- Window Unit(s), Electric
Appliances
- Included: Electric Water Heater
- Laundry: In Basement, Washer In Unit, Dryer In Unit
Features
- Basement: Interior Entry
- Has fireplace: No
Interior area
- Total structure area: 2,226
- Total interior livable area: 2,226 sqft
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Pool features: None
Lot
- Size: 1,588 Square Feet
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 041352300
- Zoning: RM1
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Townhouse
Materials
- Masonry
- Foundation: Brick/Mortar
Condition
- New construction: No
- Year built: 1915
- Major remodel year: 2024
Utilities & green energy
- Sewer: Public Septic
- Water: Public
Community & HOA
Community
- Subdivision: Overbrook Park
Location
- Region: Philadelphia
- Municipality: PHILADELPHIA
Financial & listing details
- Price per square foot: $164/sqft
- Tax assessed value: $217,700
- Annual tax amount: $3,047
- Date on market: 9/3/2026
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
- Ownership: Fee Simple
- Income includes: Apartment Rentals
Estimated market value
Not available
Estimated sales range
Not available
$1,766/mo
Price history
| Date | Event | Price |
|---|---|---|
| 10/6/2026 | Listed for sale | $364,900+2.8%$164/sqft |
Source: | ||
| 9/22/2026 | Listing removed | $354,900$159/sqft |
Source: | ||
| 9/3/2026 | Listed for sale | $354,900+228.6%$159/sqft |
Source: | ||
| 10/12/2022 | Sold | $108,000$49/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,024 +293.4% | $216,000 +293.4% |
| 2024 | $768 | $54,900 |
| 2023 | $768 | $54,900 |
| 2022 | $768 | -- |
| 2021 | $768 +3.8% | -- |
| 2018 | $740 | -- |
| 2017 | $740 -48.7% | -- |
| 2016 | $1,445 | -- |
| 2015 | $1,445 | -- |
| 2014 | $1,445 +4.5% | $103,200 +1352.7% |
| 2012 | $1,383 | $7,104 |
| 2011 | -- | $7,104 |
| 2010 | -- | $7,104 |
| 2009 | -- | $7,104 |
| 2008 | -- | $7,104 |
| 2007 | -- | $7,104 |
| 2006 | -- | $7,104 |
| 2005 | -- | $7,104 |
| 2004 | -- | $7,104 +9.9% |
| 2003 | -- | $6,464 +22.4% |
| 2002 | -- | $5,280 |
| 2000 | -- | $5,280 |
| 1999 | -- | $5,280 |
Find assessor info on the county website
Monthly payment
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