Pennsylvania
Philadelphia
523 W VENANGO ST

$400,000

523 W VENANGO ST, Philadelphia, PA 19140

3,074 sqft

Triplex
Built in 1925
2,178sqft lot
3 car garage
$130/sqft
Listed 11 days ago

Property Description

Love garages? Looking for a high-performing investment property with an impressive 16.45% cap rate and reliable tenants? Welcome to 523 W Venango Avenue. This pristine corner triplex with three garages showcases the care and attention the owner has invested. Each unit has been thoughtfully updated with modern kitchens, new flooring, renovated bathrooms, and electric baseboard heating. The building offers a mix of one studio, one two-bedroom, and one one-bedroom apartment. The garages are a standout feature—equipped with electric roll-up doors, heating, excellent overhead lighting, and extra storage space, plus a bonus upstairs mini office with AC and heat. The basement has been set up as a workshop, adding even more versatility to the property. Recent upgrades highlight the property’s turnkey condition, including a new roof installed in 2022, four new water heaters added in 2023, 100-amp service for each apartment, replacement windows throughout, and current lead testing. This is a rare opportunity to own a fully upgraded property with strong income, modern improvements, and unique features that set it apart. Close to Temple and Temple Hospital, close to several bus line and stores for tenants within walking distance.

Listing Status:: Active
Date Added:: September 24, 2025 at 05:00AM
Listing Office:: Elfant Wissahickon-Rittenhouse Square : 2158939920
Listing Agent:: Katherine Vail : 2156684989
MLS ID:: PAPH2540810

Basement: FullImprovedOutside entrancePoured concreteWorkshop
Flooring: Ceramic tilePartially carpetedVinyl
A/C: Window Unit(s)
Heating: Baseboard - ElectricElectric
Disability Feature: 2+ Access Exits

General: Above GradeBelow Grade
Style: Back-to-BackContemporary
Parking: Lighted ParkingHeatedPrivatePaved DrivewayPaved Parking

Roofing: Flat
General: MasonryBrick/Mortar

Originating MLS: BRIGHT_MAIN
School District: PHILADELPHIA CITY
County: PHILADELPHIA-PA

Zoning: RSA5884349175

Utilities: 200 amp serviceCircuit breakers
Water: Public
Sewer: Public Septic

Source: BRIGHT_MAIN
Exclusions: all tenants property

This listing courtesy of Katherine Vail, Elfant Wissahickon-Rittenhouse Square

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Bayard Taylor Elementary School

3698 N Randolph St, Philadelphia, PA, 19140

Grades KG-5

0.07 miles away

Hon. Luis Muñoz Marín School

3300 N 3rd St, Philadelphia, PA, 19140

Grades KG-8

0.33 miles away

The Linc

122 W Erie Ave, Philadelphia, PA, 19140

Grades 9-12

0.42 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.