#PAPH2495572, Albert Nocentino Jr., Listing office: Commerce Real Estate Inc
Property details
About 4347 Paul St
INVESTOR'S DREAM WITH TENANT APPEAL – RENOVATED 3-UNIT MULTIFAMILY WITH OVER 10% CAP RATE! An incredible opportunity to own a fully renovated, high-performing 3-unit apartment building offering exceptional cash flow and long-term potential. Stripped to the studs in 2012, this property has been modernized with all the major upgrades already completed, making it turnkey for investors and inviting for tenants alike. INVESTOR HIGHLIGHTS: (1) 10%+ Cap Rate Potential with projected gross rents of $4,400/month (with room to grow with Optional Add-Ons: Basement can be monetized with coin-op laundry and/or storage for the tenants for additional income. A tenant has already expressed interest in renting the basement for $300/month. Or use the basement yourself for storage, or rent it out to a local contractor needing a convenient place for their tools & supplies). (2) Fully compliant: Rental License & Lead Paint Safe Certificates in place. (3) Upgraded Systems: Certified fire alarm system, updated sprinklers, and separate electric meters (plus house meter for common areas). No gas utility for simplified management. (4) Major Infrastructure Work Done: New sewer, water, and sprinkler lines all the way to the city connection. CURRENT UNIT BREAKDOWN: Unit 1 (Vacant, market-ready): Private side entrance, 2 beds, 1 bath, stylish central kitchen with dining nook. The owner has a prospect interested in the unit at $1,700/month. Unit 2: 2 beds, 2 baths, including a Jack & Jill layout bathroom for the front bathroom & an ensuite bathroom for the rear bathroom, plus a bonus alcove for home office/study. Renewal at $1,700/month expected. Unit 3: Top-floor loft-style studio with soaring ceilings and private entry via shared hallway. Currently at $800/mo, increasing to $1,000/mo in November. TENANT-FRIENDLY FEATURES: (1) Each unit has its own Central Air system. (2) Attractive wood and tile floors throughout. (3) Fire-rated unit doors and solid construction for added peace of mind. (4) Dedicated access to a large shared yard and potential off-street parking for all tenants (remove poles to expand current 2-car capacity). (5) Walkable to transit & shopping: Just 5 minutes to the Church St El Station, plus quick access to ALDI, Walmart, Lidl, Home Depot, and ShopRite. OWNER-OCCUPANT OPPORTUNITY: Take advantage of the rare chance to move into Unit 1 before it’s leased! Live in one unit while collecting rental income from the other two. This property checks all the boxes: strong financials, low maintenance, prime location, and modern upgrades. Whether you're an experienced investor seeking cash flow or a savvy buyer looking to live in one unit and rent the others, this building offers unmatched value and flexibility. Act now—this opportunity won’t last long!
Highlights
(ACTIVE)
Summary
- Flooring Type: Wood, Ceramic Tile
- Parking: On Street,Off Street,Driveway
- Architectural Style: Traditional
- Heating: Forced Air
- Cooling: Central Air
- List Price: $450,000
- Price/SqFt: $148
- Annual Tax Amount: $4,304
- Tax Year: 2023
- Directions: Make a right onto Paul St off of Church St
- Year Built: 1915
- Living Area: 3,040 SqFt
- Municipality: Philadelphia
- Lot Size: 0.08 Acres
- MLS Number: PAPH2478584
- MLS Name: BRIGHT
- Office Name: KW Empower
- Office Phone: (215) 627-3500
- Office Email: vicki@kwempower.com
- Listing Agent: Stacy L Sanseverino
- Agent Phone: (215) 431-5431
- Agent Email: stacysanseverino@gmail.com
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Price information
Property sales
Date | Event | Price |
---|---|---|
Nov 23, 2005 | Home Sold | $65,000 |
Tax history
Year | Assessment | Property Tax |
---|---|---|
2023 | $307,500 | $4,304 |
2022 | $307,500 | $1,633 |
2021 | $- | $1,633 |
2020 | $116,700 | $1,633 |
2019 | $112,000 | $1,567 |
2018 | $129,000 | $1,805 |
2017 | $129,000 | $1,805 |
History based on county public records data.
Nearby schools
1
John Marshall Elementary School
Public District KG-5
0.2 mi
•4500 Griscom St
4
Mastery Charter School at Smedley Elementary
Public Charter KG-6
0.9 mi
•1790 Bridge St
1
James J. Sullivan School
Public District KG-5
1.1 mi
•5300 Ditman St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $34,500. The most common annual income of people living in Philadelphia, PA is less than $<35k. Residents typically live in single, no kids family. The majority of residents in this area have high school diploma education.
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Frequently asked questions
About 4347 Paul St
The listing price of 4347 Paul St property is $450,000.
The property 4347 Paul St is a multi located in Philadelphia, Pennsylvania, 19124.
Active Listing: 4347 Paul St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 4347 Paul St are: John Marshall Elementary School (GreatSchools Rating 1/10), Mastery Charter School at Smedley Elementary (GreatSchools Rating 4/10), James J. Sullivan School (GreatSchools Rating 1/10), Allen M. Stearne School (GreatSchools Rating 2/10), Warren G. Harding Middle School (GreatSchools Rating 4/10), Northwood Academy Charter School (GreatSchools Rating 6/10), First Philadelphia Preparatory Charter School (GreatSchools Rating 4/10), Mariana Bracetti Academy Charter School (GreatSchools Rating 5/10), Frankford High School (GreatSchools Rating 3/10).
According to the records, the last property tax for 2023 is $4,304 (source: MLS/based on county public records data).
The last sale was on November 23, 2005 for $65,000 (source: MLS/tax record).
The property 4347 Paul St is 3,040 SqFt (source: MLS/tax record).
The year of construction for 4347 Paul St is 1915.
This home is located at 4347 Paul St in Philadelphia, PA and zip code 19124 in the Frankford neighborhood. This 3,040 square foot home, which was built in 1915, sits on a 0.08 acre lot. Features: 0 bathroom. It has been listed on Rocket Homes since May 5, 2025 and is currently priced at $450,000.
The number of listings in Philadelphia, PA increased by 36.5% between May and June 2025. While the average time on the market in June 2025 was 90 days, the median list price was $292,873.