824 S 51st St, Philadelphia, PA 19143

Property Description

Local owner who has thoughtfully cared for this West Philly Triplex and its residents is ready to offer the next owner an opportunity to steward an established investment in the Cedar Park neighborhood. Fully occupied and well maintained, 824 S 51st Street is a properly licensed three-unit twin generating $4,100 in monthly rental income. Its practical unit mix consists of a spacious two-bedroom apartment on the First Floor and one-bedroom apartments on the Second and Third Floors. Each residence has one full bathroom, its own washer and dryer, and a dishwasher—valuable conveniences that support everyday livability and lasting tenant appeal. Approaching the east-facing property, you are greeted by a classic Victorian façade and a welcoming shared front porch that feels distinctly at home in Cedar Park. The First Floor apartment offers two bedrooms, an eat-in kitchen, a comfortable living room, access to the basement level, and exclusive use of the fenced rear yard with raised planting beds. The Second Floor residence features a generous one-bedroom layout with an eat-in kitchen, living room, and abundant natural light from its front bay windows. The Third Floor apartment provides a thoughtfully arranged one-bedroom layout with a sitting room and private rear balcony. Across the three residences, large windows, hardwood flooring in the principal living areas, ceiling fans, and individually styled layouts give each apartment its own character. The property reflects a continuing history of maintenance and capital improvement. Recent work includes silver coating and edge cementing of the main roof in 2026; replacement of portions of the main drain and plumbing stack in 2024 and 2025; and substantial work to the rear bump-out in 2023, including reconstructed stucco, new roof membranes, flashing, gutters, and selected windows. Additional improvements include restoration of the cornices, replacement of the front mansard roofing, and renovations to the kitchens and bathrooms. Apartment electricity is separately metered, with residents responsible for their individual electric service, including electric hot water. The owner currently provides building-wide gas heat, water, sewer, and common-area electricity. A full unfinished basement, accessed from the first floor level, provides mechanical, utility, and additional storage space. Two sump pumps serve the lower level. The rear yard includes an existing curb cut, creating potential for an off-street parking space for resident use or additional rental income. Historical City records may provide support for a prior parking use; however, buyers should independently investigate the legality and feasibility of restoring that use, including any required City approvals. This pocket of Cedar Park is close to the energy of Baltimore Avenue while feeling quietly tucked away. Pentridge Station—a neighborhood beer garden and event space featuring live music, local food vendors, and community programming—is just around the corner. Philadelphia Salvage has announced that its new headquarters will be next doo on Pentridge. PClark Park, Cedar Park, Booker's, Cleo Bagels, Third Wheel Cheese, Black Hound Clay Studio, Green Tambourine, Satellite Café, Cedar Works, and the broader collection of Baltimore Avenue restaurants and shops contribute to the neighborhood’s distinctly local character. University City, Penn, Drexel, and CHOP are within easy reach, with convenient access to SEPTA’s Route 13 trolley, Route 52 bus, and the Media/Wawa Regional Rail Line. With all three apartments occupied and documented annual gross rent of $49,200, 824 S 51st Street combines immediate income, meaningful resident amenities, neighborhood connectivity, and a demonstrated history of property care—an opportunity for its next owner to continue both its investment performance and its place in the community. Contact us for more information and to schedule an appointment today!