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188 Green Lane
Philadelphia, PA 19127

$550,000 - Status: ACTIVE
SQFT: 3,072
MLS# PAPH2669626

7.3% Projected Cap Rate! Stop what you are doing and schedule a tour of this rarely offered turnkey porch-front triplex steps from bustling Main Street in Manayunk. Finding tenants in this red hot high demand area will never be an issue, especially with all of the updates this property has! All three units in this building have updated kitchens, the decks have been updated with durable composite decking, all three water heaters were installed in 2026 and the top floor unit has a newly updated bathroom. The first floor unit is a 2-bedroom, 1 bathroom with a private side deck (projected $1700/mo rent). The second floor is a 2-bedroom, 1 bathroom unit with a private deck (projected $1700/mo rent) and the third floor is a 1 bedroom, 1 bathroom (projected $1100/mo rent). In-unit washers and dryers. All units are currently occupied. The basement is massive and unfinished with private side access via locking bilco doors and could be rented to a local business for storage for even more cash flow. Out back is a large fenced yard. A creative owner could utilize this space for even more cash flow. There are two parking lots next to the property. The current owner rents 3 spaces (not deeded or included in the sale) and there is a potential option to pick up renting these spaces for renting to future tenants to maintain the high renter-appeal of the property. Located steps from Main Street, close to regional rail, and around the corner from I-76 access, this property offers it all for an unbeatable price! This property also presents a great house hack opportunity for a new investor to live in one unit while renting out two covering a large sum of their mortgage!

Property Features

MLS#: PAPH2669626
Zip: 19127
Subdivision:
Development: Philadelphia
Property Type: Multi Unit - Multiple
Number of Units: 3
Basement: Yes
Basement: Unfinished
Cooling: Window Unit(s)
Days on Site: 18
Fuel Type: Natural Gas
Heating: Hot Water
Home Style: Traditional
Lot Size: 0.10 acres
Taxes: $7,862
Year Built: 1900

Feature Descriptions

Accessibility: 2+ Access Exits
Additional Structures: Above Grade, Below Grade
Exterior: Masonry
Lot Dimensions: 0.10 Acre(S)
Municipality: PHILADELPHIA
One Bedroom Units: 1
Sewer: Public Sewer
Structure Type: Detached
Two Bedroom Units: 2
Units: 3
Water: Public

Local Schools

School District: PHILADELPHIA CITY

188 Green Lane | MLS# PAPH2669626

This multi-family property located at 188 Green Lane, Philadelphia, PA 19127 is currently listed for sale with an asking price of $550,000. Green Lane is located within the PHILADELPHIA CITY school district. Search Philadelphia real estate on joycerowlands.lewith-freeman.com today.

Listed By / Shown By

Listed By

Agency Name: BHHS Fox & Roach-Center City Walnut
Agency Phone: 2156276005

Shown By

Agent Name: Joyce Rowlands
Agent Phone: (570) 578-2065
Agency Title: Lewith & Freeman

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AGENT INFORMATION

Lewith & Freeman Joyce Rowlands (570) 578-2065

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Estimated Payment

$ 3,947.58 per month $3,131.99 Principal & Interest $655.17 Property Tax $160.42 Homeowner's Insurance

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