1,028 Sqft Lot
1,028 Sqft Lot
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Subdivision Graduate Hospital
MLS Listing ID PAPH2530652
Year Built 1900
Annual Tax Amount $6,747
Tax Year 2025
Lot Size 1,028 Sqft
Acres 0.02
Lot Dimensions 17.00 x 61.00
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
Now available for the first time in over 30 years, this exceptional five-unit corner property is located at 20th and Clymer Streets, right in the center of the highly desirable Graduate Hospital area of Center City Philadelphia. Each apartment offers separate utilities (except hot and cold water), and the building generates approximately $72,000 in gross annual income.
While the building could benefit from some updates, its true value lies in the hard-to-find existing five-unit rental license and unbeatable location. Graduate Hospital is celebrated for its vibrant community, outstanding walkability, and proximity to premier restaurants, shops, parks, and major institutions.
Property Highlights:
• Corner lot with outstanding visibility
• Five apartments, each with separate utilities (except hot and cold water)
• Steady rental income in a high-demand neighborhood
• Value in existing five-unit rental license
• Walk Score: 97 — Walker's Paradise
• Transit Score: 100 — Rider's Paradise
• Bike Score: 85 — Very Bikeable (approximate based on neighborhood)
Located just steps from all that Center City has to offer, including Rittenhouse Square and the University of Pennsylvania, this is a rare investment opportunity in one of Philadelphia's most walkable and transit-accessible neighborhoods.
Additional property features include vinyl, double-pane insulated windows; gas boilers in four of the five apartments; and a coin-operated washer and dryer. Half of the roof was replaced two years ago, and the entire exterior has been freshly painted. All units are equipped with air conditioning.
The apartments are compact—between 325 and 475 sq. ft. each—designed for single occupancy, resulting in less wear and tear on the building. Many units have been updated with engineered wood flooring.
Location
State PA
County Philadelphia
Area 19146 (19146)
Zoning RM1
Interior
Hot Water Natural Gas
Heating Radiator, Forced Air
Cooling Wall Unit
Flooring Engineered Wood, Wood, Carpet
Heat Source Natural Gas
Exterior
Water Access N
Roof Type Asphalt
Accessibility None
Garage N
Building
Foundation Stone
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 881578100
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
