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341-343 Master St

2 Multifamily Properties Offered at $780,000 in Philadelphia, PA

Investment Highlights

  • 2023 Year of Completion
  • Quick Access to I-76 and I-676
  • 7 Years Remaining on Tax Abatement
  • High End Finishes

Executive Summary

Discover a unique investment opportunity with two fully upgraded three-bedroom, two- bathroom side by side homes at 343 Master St and 341 Master St, located in the heart of the vibrant and rapidly appreciating Olde Kensington neighborhood. Both properties boast modern open-concept designs, featuring gourmet kitchens with stainless steel appliances, granite countertops, and expansive living areas. Each home also includes private backyards, perfect for relaxing or entertaining. The second floor offers two spacious bedrooms alongside a contemporary full bath, while the third-floor master suites provide luxurious retreats with upscale en-suite bathrooms. With 341 Master St already generating consistent rental income through a Section 8 tenant (100% PHA pay), this portfolio delivers immediate cash flow for investors. These properties are strategically located near the thriving neighborhoods of Fishtown and Northern Liberties, known for their trendy restaurants, boutique shops, and cultural hotspots. Easy access to public transportation and major highways like I-95 enhances the appeal. With a tax abatement in place and Olde Kensington experiencing continuous growth, this portfolio presents an excellent opportunity to capitalize on the area's ongoing development and increasing property values.

Data Room Click Here to Access

Property Facts

Price $780,000
Price / SF $416.67 / SF
Cap Rate 5.06%
Sale Type Investment
Status Active
Number of Properties 2
Individually For Sale 0
Total Building Size 1,872 SF
Total Land Area 0.03 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
343 W Master St, Philadelphia, PA 19122 Multifamily 1,021 SF 2023 -
341 W Master St, Philadelphia, PA 19122 Multifamily 851 SF 2023 -
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  • Listing ID: 33540077

  • Date on Market: 10/16/2024

  • Last Updated:

  • Address: 341-343 Master St, Philadelphia, PA

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