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$500,000
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Property Description
An exceptional opportunity to own a legally zoned, new construction triplex in booming Grays Ferry/South Philadelphia. This property consists of two combined addresses-2615 and 2617 Latona Street-merged into one spacious legal triplex. This project is well underway - flooring installation is done. HVAC and sprinklers has been paid in full. The 10-year tax abatement is fully approved. The buyer needs to hire their owner contractor to fnished the job. The property is sold in as is condition. Property Breakdown: Unit 1: 4 bedrooms, spans the 1st floor and fully finished basement Unit 2: 2 bedrooms, smart layout ideal for long- or short-term rental Unit 3: 4 bedrooms, occupying the 3rd and 4th floors, full of natural light and skyline views Buyers have the rare advantage to step in and take over the contractor to finish the project according to their preferences or investment strategy. Perfect for investors seeking long-term cash flow or an owner-occupant looking to live in one unit and rent the others. Located on a quiet street with easy access to Center City, UPenn, CHOP, and I-76, this property checks all the boxes for a high-yield investment in one of Philly's fastest-growing neighborhoods. Don't miss this income-producing gem with major upside potential!
Full Property Details
Full Property Details for 2615 Latona St
General
- Sold For: $500,000
- Taxes: $1,612 (2024)
- Status: Closed
- Type: Triplex
- Source: BrightMLSPhilly
- MLS ID: PAPH2490552
- Added to Site: 227 day(s) ago
Interior
- Number of Rooms: 10
Parking
- Parking Type: None
Location
- Area: 19146 (19146)
- Municipality: PHILADELPHIA
- County: Philadelphia
- Driving Directions: Follow the GPS
School Information
- School District: Philadelphia City
Heating & Cooling
- Cooling Type: None
- Heating Type: None
- Water Heater: None
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Architectural Info: A-Frame
- Architectural Style: A-Frame
- Structure Type: Interior Row/Townhouse
- Construction: Brick Front, Concrete
- Foundation: Concrete Perimeter
- Roof: Fiberglass
- Stories/Levels: 4
- Sq. Ft. Source: Assessor
Unit Information
- 2 Bedroom Units: 1
Lot Features
- Lot Size (Acres): 0.01
- Lot Size (Sq. Ft.): 609
- Lot Size Source: Assessor
- Lot Dimensions: 14.00 x 44.00
- Zoning: RM1
Financial Considerations
- Assessment Year: 2025
- School Tax: $903
- City/TownTax: $709
- City/TownTax Freq: Annually
- County Tax Freq: Annually
- Tax w/Assessment: $115,200
- Tax Amount: $1,612
- Tax Year: 2024
- Terms: Standard Sale
Disclosures and Reports
- Ownership: Fee Simple
- Lot Number: 437
Listed by Homelink Realty, Hongyan Li
Sold by KW Empower, bryan okolo
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Schools
Schools serving 2615 Latona St
School District:Philadelphia City School District
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 2615 Latona St
Date
Details
Price
Change
Source
11/03/2025
Sold
$500,000
-3.66%
MLS
8/24/2025
Price Reduced
$519,000
-1.89%
MLS
8/14/2025
Price Reduced
$529,000
-1.86%
MLS
6/10/2025
Price Reduced
$539,000
-8.49%
MLS
6/05/2025
Listed
$589,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
2615 Latona Street, Philadelphia, PA 19146 (MLS# PAPH2490552) is a Triplex property that was sold at $500,000 on November 03, 2025. Want to learn more about 2615 Latona Street? Do you have questions about finding other Triplex real estate for sale in Philadelphia? You can browse all Philadelphia real estate or contact a Coldwell Banker agent to request more information.

