2731 FEDERAL ST Coming Soon Save Request In-Person Tour Request Virtual Tour
Philadelphia,PA 19146
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Coming Soon
Purchase Type For Sale
Square Footage 7,100 sqft
Price per Sqft $323
Subdivision Grays Ferry
MLS Listing ID PAPH2509700
Year Built 2023
Available Date 2025-07-17
Annual Tax Amount $1,636
Tax Year 2024
Lot Size 6,278 Sqft
Acres 0.14
Lot Dimensions 70.00 x 90.00
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
Introducing 2731 Federal — a prominent corner property located at the gateway of 19146 — one of Philly's perennial-leading residential zip codes for rentals and sales. This turnkey 7-unit multifamily investment property stands tall above the rest, with unmatched skyline views and access — convenient to I-95, Washington Ave, and all of Center City and University City alike. Gaze across the western horizon and witness the billions of dollars in active stage developments from the likes of Chop, Penn, Hup, Pennovation. The brand new $48 million section of the Schuylkill River Trail, known as Christian to Crescent, now connects Center City with the Grays Ferry neighborhood in South Philadelphia with a striking 650-foot cable bridge, visible from 2731 Federal. Fresh Grocer, Chase Bank and more retail/shops located directly across the street. Walkable to adjacent/popular neighborhoods like Graduate Hospital, Point Breeze, Rittenhouse Square and more — this location is on the edge of tangibly-visible massive transformation. The 4-storey structure totals over 7100 SF with ground floor commercial space and an even mixture of 1-2bd apartments above, complete with a panoramic skyline rooftop terrace. Average rents/SF = $2.60. Average rent/unit = $2,032. This boutique apartment building is poised for rent growth and appreciation for years to come — paired with an extremely low OPEX and FULL 10yr tax abatement (approx. 8.5yr remains). Benefitting from the lot's unique dimensions, the apartments are far from cookie cutter, with dramatic angles and unique perspectives, coupled with design-driven interiors and sun-soaked rooms with floor-to-ceiling windows. Sleek bathrooms and contemporary kitchens, washer-dryer in-unit, LVP flooring, flushmount lighting, high ceilings and unique layouts command attention from the rental marketplace, ensuring plentiful demand in the marketplace. Enquire within for financials. Coming soon...
Location
State PA
County Philadelphia
Area 19146 (19146)
Zoning I2
Interior
Hot Water Electric
Heating Central
Cooling Central A/C
Flooring Luxury Vinyl Plank
Heat Source Electric
Exterior
Water Access N
View City
Roof Type Fiberglass
Accessibility None
Garage N
Building
Lot Description Corner
Sewer Public Sewer
Water Public
New Construction Y
Schools
School District Philadelphia City
Others
Tax ID 874523160
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard