2532-38 Alter Street Philadelphia, PA 19146
Listing Courtesy of: BRIGHT IDX / Listed By: Realty Management Works LLC

  2532-38 Alter Street Philadelphia, PA 19146

Active (1 Days)
$2,600,000 (USD)

Description

Rare opportunity to acquire a portfolio of four newer-construction duplexes offered together in one of Philadelphia's fastest-growing neighborhoods. Built between 2019 and 2021, these low-maintenance investment properties are being sold as a portfolio, with a minimum purchase of three duplexes required, offering excellent scalability for investors looking to expand their holdings.Each duplex consists of two well-appointed units:The upper unit features 2 bedrooms, 2.5 bathrooms, a spacious 21-foot-wide open-concept layout, hardwood flooring throughout, quartz countertops, stainless steel appliances, a full-size in-unit washer and dryer, generously sized bedrooms, a primary suite with an en-suite bath, and exclusive access to a private rooftop deck.The lower unit offers 2 bedrooms and 2 bathrooms with an open floor plan, hardwood floors, abundant natural light, a modern kitchen with white cabinetry, quartz countertops, stainless steel appliances, a full-size in-unit washer and dryer, spacious bedrooms, a primary suite with an en-suite bath, and a private rear patio.This fully leased portfolio has experienced consistently high occupancy with an exceptionally low vacancy rate, providing immediate, reliable cash flow. Current rent roll and lease terms are available upon request.Ideally located just minutes from the University of Pennsylvania, Drexel University, and Center City, the properties are convenient to Philadelphia's top employers, restaurants, shopping, and cultural attractions.Generating $192,600 in gross annual rental income, this turnkey portfolio combines strong in-place cash flow, newer construction, low maintenance, and long-term appreciation potential. Whether you're completing a 1031 exchange or looking to scale your multifamily portfolio, this is an exceptional opportunity to acquire multiple stabilized assets in a single transaction.

MLS #:
PAPH2652854
Taxes
$7,139(2027)
Lot Size
871 SQFT
Type
Multifamily
Year Built
2018
Style
Traditional, Contemporary
School District
The School District of Philadelphia
County
Philadelphia County

Listed By

Billie Motto, Realty Management Works LLC
Source
BRIGHT IDX
Last checked Jul 28 2026 at 1:14 PM GMT+0000
Bathroom Details
Property Features
  • Above Grade
  • Foundation: Brick/Mortar
Heating and Cooling
  • 90% Forced Air
  • Central A/C
Basement Information
  • Full
Exterior Features
  • Brick
  • Block
Utility Information
  • Sewer: Public Septic
  • Fuel: Natural Gas
Living Area
  • 2,094 sqft
Location
   
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Disclaimer: Copyright 2026 Bright MLS IDX. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 7/28/26 06:14