1642 Cambridge Street, Philadelphia, PA 19130

Property Description

Turnkey corner triplex in the rapidly developing Francisville section of Philadelphia, offering strong rental income, modern construction, and long-term upside. Built in 2019, this is one of the larger properties on the block with a highly desirable unit mix and multiple income strategies. The property is currently enrolled in a tax abatement program with approximately four years remaining, providing reduced property taxes and increased cash flow potential. Buyer is responsible for confirming remaining term and details with the City of Philadelphia. The building consists of three well-designed units: • Unit A (Bi-level, 4 Bed, 3 Bath) Spacious layout with a private entrance, open kitchen and living area, and access to a private patio. The main level includes two bedrooms and two full bathrooms, while the lower level offers two additional bedrooms, a full bathroom, and in-unit laundry. Currently rented at $2,450/month through April 30, 2027. • Unit B (2 Bed, 2 Bath) Open-concept kitchen and living area with bedrooms positioned on opposite ends for privacy. Each bedroom includes a walk-in closet and access to a full bathroom. In-unit laundry included. Currently vacant with projected rent of $1,895/month. • Unit C (2 Bed, 2 Bath + Roof Deck Access) Split-bedroom layout with en-suite and Jack-and-Jill style bathrooms. Features access to a private rooftop deck with city views. Currently rented at $2,150/month through November 30, 2026. Total projected monthly income: $6,495+ Tenants pay all utilities except trash and sewer, helping to minimize operating expenses. Located in a high-demand rental corridor, the property offers convenient access to Center City, Temple University, major hospitals, public transportation, and ongoing neighborhood development. The area continues to attract renters due to its proximity to employment centers and urban amenities. The layout supports multiple strategies including traditional leasing, roommate-style occupancy, or furnished and mid-term rental use. The high bedroom-to-bathroom ratio, multiple en-suite configurations, and private outdoor spaces further enhance tenant appeal. Perfect for investors seeking stable income with long-term leases in place, or for owner-occupants looking to offset their mortgage by occupying the vacant unit. Disclaimer Information is deemed reliable but not guaranteed. Buyer is responsible for verifying square footage, zoning, tax abatement details, rental projections, and permitted use. This is not legal or financial advice.

Property Features

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