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Listed by ERIC Andrew Dvotsky • BHHS Fox & Roach-Center City Walnut
$ 450,000
Est. payment | /mo
1,036 Sqft Lot
$ 450,000
Est. payment | /mo
1,036 Sqft Lot
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PAPH2567020
Year Built 1915
Annual Tax Amount $3,115
Tax Year 2024
Lot Size 1,036 Sqft
Acres 0.02
Lot Dimensions 17.00 x 63.00
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
Philly CRE Advisors is pleased to present a premier dual-property investment opportunity in the heart of the rapidly growing Templetown neighborhood, just one block off Broad Street and minutes from Temple University's bustling campus. This offering combines two strategically positioned parcels—1324 W Cumberland St and 2453-57 N Park Ave—providing exceptional potential for value-add or ground-up development in a high-demand rental corridor. 1324 W Cumberland St is a substantial RM-1 zoned corner triplex featuring nearly 3,000 sq ft of interior space. Although legally recognized as a triplex, the property is currently configured as a single-family residence, creating remarkable flexibility and a prime opportunity to convert the building back into multiple residential rental units. Its location is ideal for attracting strong and consistent demand from students, medical staff, and working professionals. The surrounding area continues to benefit from steady investment, rising home values, and excellent access to public transportation via the Broad Street Line and multiple SEPTA bus routes. Adjacent to the residence is 2453-57 N Park Ave, a 4,728 sq ft CMX-2 zoned vacant lot (approximately 48x99 ft). This parcel offers substantial development potential, including conceptual capacity for up to eight residential units and one commercial space. Investors and developers should consult with their architect and professional team to verify all development possibilities, review plans, and confirm feasibility given the zoning flexibility and the ongoing growth of the Templetown market. Together, these two parcels provide more than 6,700 sq ft of combined land in a rapidly developing neighborhood near Temple University Hospital, major transit lines, and a wide variety of local dining and amenities. This rare package presents a scalable and compelling opportunity for developers or investors seeking value-add potential in one of Philadelphia's fastest-evolving submarkets. Contact us today for more information or to schedule a site visit!
Location
State PA
County Philadelphia
Area 19132 (19132)
Zoning RM1
Interior
Hot Water Electric
Heating Radiant
Cooling None
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Foundation Stone
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 371379605
Ownership Fee Simple
Special Listing Condition Standard
