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Sold for $754,000
  • $754,000

    723 E Church Ln, Philadelphia, PA 19144

    8beds
    --baths
    8,485sqft
    Quadruplex
    Built in 1925
    -- sqft lot
    $-- Zestimate®
    $89/sqft
    $2,101 Estimated rent

    Home value

    Not available

    Estimated sales range

    Not available

    $2,101/mo

    Zestimate® history
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    What's special

    Exceptional multi-family investment opportunity in East Germantown! This 3-story 4-unit building spans roughly 8,485 Sq/Ft and offers reliable, long-term cash flow. For the past 19 years, the property has been leased under a master lease to a well-established mental health facility currently paying $8,300/month with a 3% increase each year. This mental health facility occupies all four of the units, so there is one tenant for the whole property. Two of the four units have 2 beds 1 bath and the other two units have two beds 1.5 baths. The tenant is responsible for all utilities and maintenance—owner only pays property taxes and owners insurance, keeping expenses low and returns strong. With 3 levels of usable space and four occupied units, the building offers flexibility for future use. For investors looking to expand their investment portfolio with a stable income-producing asset in a growing market, this property checks all the boxes. Located right in East Germantown, just minutes from Germantown Ave, this location benefits from easy access to public transportation, local shops, and major commuter routes. Strong tenant history, consistent income, and minimal owner responsibility make this a true turnkey investment. Don't miss out on this high-performing property in one of Philadelphia's most active redevelopment corridors!

    Zillow last checked:

    Listing updated:

    Listed by:

    Maria Quattrone 215-607-3523,

    RE/MAX @ HOME,

    Listing Team: Maria Quattrone & Associates

    Bought with:

    Maria Quattrone, RS281573

    RE/MAX @ HOME

    Source: Bright MLS,MLS#: PAPH2482438MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    Basement
    • Area: 0
    Heating
    • Forced Air, Natural Gas
    Cooling
    • Central Air, Natural Gas
    Appliances
    • Included: Gas Water Heater
    Features
    • Has fireplace: No
    Interior area
    • Total structure area: 8,485
    • Total interior livable area: 8,485 sqft

    Property

    Parking
    • Total spaces: 7
    • Parking features: Driveway, Off Street, On Street, Parking Lot
    • Has uncovered spaces: Yes
    Accessibility
    • Accessibility features: Accessible Approach with Ramp
    Features
    • Exterior features: Sidewalks, Street Lights
    • Pool features: None
    • Has view: Yes
    • View description: Street
    Lot
    • Size: 0.52 Acres
    • Dimensions: 100.00 x 226.00
    • Features: Front Yard, SideYard(s), Urban
    Details
    • Additional structures: Above Grade, Below Grade
    • Parcel number: 122044100
    • Zoning: RSA1
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: French
    • Property subtype: Quadruplex
    Materials
    • Masonry
    • Foundation: Other
    Condition
    • New construction: No
    • Year built: 1925

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Location
    • Region: Philadelphia
    • Subdivision: Germantown (east)
    • Municipality: PHILADELPHIA

    HOA & financial

    Other financial information
    • Total actual rent: 99600

    Other

    Other facts
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: Cash,Conventional
    • Ownership: Fee Simple

    Price history

    DateEventPrice
    11/21/2025Sold$754,000-15.8%$89/sqft
    Source: Bright MLS #PAPH2482438 Report a problem
    9/18/2025Pending sale$895,000$105/sqft
    Source: Bright MLS #PAPH2482438 Report a problem
    8/4/2025Listed for sale$895,000$105/sqft
    Source: Bright MLS #PAPH2482438 Report a problem
    6/17/2025Contingent$895,000$105/sqft
    Source: Bright MLS #PAPH2482438 Report a problem
    5/28/2025Listed for sale$895,000+5866.7%$105/sqft
    Source: Bright MLS #PAPH2482438 Report a problem
    10/8/2003Sold$15,000+130.8%$2/sqft
    Source: Public Record Report a problem
    10/9/2002Sold$6,500+1200%$1/sqft
    Source: Public Record Report a problem
    12/29/2000Sold$500
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$3,964 +8.5%$283,200 +8.5%
    2024$3,652 $260,900
    2023$3,652 +112.1%$260,900
    2022$1,722 --
    2021$1,722 +1.3%--
    2018$1,699 --
    2017$1,699 -31.3%--
    2016$2,472 +347.7%--
    2015$552 --
    2014$552 -11.1%$176,600 +129.9%
    2012$621 $76,800
    2011-- $76,800
    2010-- $76,800
    2009-- $76,800 +500%
    2008-- $12,800
    2007-- $12,800
    2006-- $12,800 +33.3%
    2005-- $9,600
    2004-- $9,600
    2003-- $9,600
    2002-- $9,600
    2000-- $9,600
    1999-- $9,600

    Find assessor info on the county website

    Neighborhood: Germantown East

    Nearby schools

    GreatSchools rating
    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.

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