1627 56th St
Income-Producing Triplex in Overbrook Park | Newly Renovated 2nd Floor Kitchen, Ready for Its Next Tenant This three-unit property has three 2-bedroom apartments and a current rental license, and it's ready for an investor to step in and grow its income. Current Rents: 2nd Floor (2BR): $1,700/month – recently vacated, newly renovated kitchen 1st Floor (2BR): $1,650/month – reliable PHA tenant Lower Level (2BR): $1,450/month – reliable PHA tenant Total: $4,800/month Upside Potential: All three units currently rent below the PHA payment standard. Current PHA standards show up to $2,010/month for a 2-bedroom, which could bring potential gross rent to about $6,030/month once the building is fully leased at updated rates. Increases for the PHA units are subject to PHA approval. Features: On-site laundry machines Updated fire alarm system Current rental license Vacant 2nd floor ready to lease at market rate Leases are available on request. The property is sold as-is, where-is. The seller will consider cash, hard money, and conventional financing. Inspections are for informational purposes only.
Listing Information
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Community Information
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Features & Amenities
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Schools
Ad Prima Charter School
Mastery Charter School - Shoemaker Campus
Rhoads James School
KIPP West Philadelphia Charter School
Beeber Dimner Middle School
Mastery Charter School - Mann Campus
Overbrook Elementary School
Bluford Charter School
School ratings are provided for informational purposes only and are subject to change. Attendance boundaries are for reference only — contact the school or district directly to verify enrollment eligibility.
Historical Data
Price History
| Date | Event | Price |
|---|---|---|
| 09/03/2026 | Listed for sale | $364,900 |
Listed by Kinny Peterkin · Tesla Realty Group, LLC · 8448375274
Listing information provided exclusively 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. Information deemed reliable but not guaranteed by the MLS. Copyright 2026, Bright. All rights reserved.
Last Updated: October 16, 2026 at 4:08 PM | Source: Bright | MLS#: PAPH2666240
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