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.
For sale
$1,250,000
2537 Montrose St, Philadelphia, PA 19146
7beds
5baths
5,200sqft
Townhouse
Built in 2017
-- sqft lot
$-- Zestimate®
$240/sqft
$-- HOA
What's special
High-end finishes throughoutPremium flooringImported doors and windowsUpgraded appliance packages
- --
- on Zillow
- 314
- views
- 21
- saves
Zillow last checked:
Listing updated:
Listed by:
Joseph Siligato 267-475-8888,
Realty Mark Associates-CC 2153764444
Source: Bright MLS,MLS#: PAPH2677482
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 5
Basement
- Area: 0
Heating
- Central, Natural Gas
Cooling
- Central Air, Electric
Appliances
- Included: Electric Water Heater
Features
- Basement: Full
- Has fireplace: No
Interior area
- Total structure area: 5,200
- Total interior livable area: 5,200 sqft
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Pool features: None
Lot
- Size: 1,510 Square Feet
- Dimensions: 25.60 x 59.00
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 302204410
- Zoning: RM1
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Townhouse
Materials
- Masonry
- Foundation: Concrete Perimeter
Condition
- New construction: No
- Year built: 2017
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Graduate Hospital
Location
- Region: Philadelphia
- Municipality: PHILADELPHIA
Financial & listing details
- Price per square foot: $240/sqft
- Tax assessed value: $275,971
- Annual tax amount: $3,863
- Date on market: 10/6/2026
- Listing agreement: Exclusive Right To Sell
- Ownership: Fee Simple
- Total actual rent: 95352
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 10/17/2017 | Listing removed | $2,575 |
Source: Zillow Rental Manager Report a problem | ||
| 9/6/2017 | Listed for rent | $2,575 |
Source: Zillow Rental Manager Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Graduate Hospital
Nearby schools
Schools provided by the listing agent
- District: The School District Of Philadelphia
Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.






