723 E Church Lane, Philadelphia, PA 19144 - Photo 1

1/1

$754,000

Sold
Closed
Single Family
8,485 Sq. Ft.

1/1

Property Description

Exceptional multi-family investment opportunity in East Germantown! This 3-story 4-unit building spans roughly 8,485 Sq/Ft and offers reliable, long-term cash flow. For the past 19 years, the property has been leased under a master lease to a well-established mental health facility currently paying $8,300/month with a 3% increase each year. This mental health facility occupies all four of the units, so there is one tenant for the whole property. Two of the four units have 2 beds 1 bath and the other two units have two beds 1.5 baths. The tenant is responsible for all utilities and maintenance-owner only pays property taxes and owners insurance, keeping expenses low and returns strong. With 3 levels of usable space and four occupied units, the building offers flexibility for future use. For investors looking to expand their investment portfolio with a stable income-producing asset in a growing market, this property checks all the boxes. Located right in East Germantown, just minutes from Germantown Ave, this location benefits from easy access to public transportation, local shops, and major commuter routes. Strong tenant history, consistent income, and minimal owner responsibility make this a true turnkey investment. Don't miss out on this high-performing property in one of Philadelphia's most active redevelopment corridors!

Full Property Details

Full Property Details for 723 E Church Ln

General

Sold For: $754,000
Taxes: $3,964 (2024)
Status: Closed
Type: Single Family
Source: BrightMLSPhilly
MLS ID: PAPH2482438
Added to Site: 235 day(s) ago

Rental Information

Lease Info: Long Term

Exterior

Exterior Features: Sidewalks, Street Lights

Parking

Total Spaces: 7
Parking Type: Driveway, Off Street, On Street, Parking Lot

Location

Area: 19144 (19144)
Municipality: PHILADELPHIA
County: PHILADELPHIA
Subdivision: GERMANTOWN (EAST)
Cross Streets: Chew Ave
Driving Directions: From Germantown Ave, turn onto E Church Ln heading North East. Drive straight for about 3 blocks. After you pass Belfield Ave, continue straight for about 6 blocks and then 723 E Church Ln will be on your left side.
Location Details: Urban

School Information

School District: The School District Of Philadelphia

Heating & Cooling

Central air: Yes
Cooling Type: Central A/C
Cooling Fuel: Natural Gas
Heating Type: Forced Air
Heating Fuel: Natural Gas
Water Heater: Natural Gas

Utilities

Sewer: Public Sewer
Water: Public

Structural Information

Architectural Style: French
Structure Type: Detached
Construction: Masonry
Foundation: Other
Square Feet: 8,485
Sq. Ft. Source: Estimated
Living Area: 8,485 Sq. Ft.
Finished Above Grnd: 8,485 Sq. Ft.
Year Built: 1925
Year Built Source: Assessor

Lot Features

Property View: Street
Lot Size (Acres): 0.52
Lot Size (Sq. Ft.): 22,616
Lot Size Source: Assessor
Lot Dimensions: 100.00 x 226.00
Zoning: RSA1
Lot Description: Front Yard, SideYard(s)

Financial Considerations

Price Per Sq. Ft.: $105.48
Assessment Year: 2025
School Tax: $2,220
City/TownTax: $1,744
City/TownTax Freq: Annually
County Tax Freq: Annually
Tax w/Assessment: $283,200
Tax Amount: $3,964
Tax Year: 2024
Terms: Standard Sale
Owner Pays: Taxes - Real Estate, Insurance
Tax Total Finished Sq. Ft.: 2924

Disclosures and Reports

Ownership: Fee Simple
Lot Number: 8

Listed and Sold by Re/Max @ Home, Maria Maria Quattrone Quattrone

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Listing agent

— 723 E Church Ln —

Maria Maria Quattrone Quattrone

Re/Max @ Home

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Schools

Schools serving 723 E Church Ln

School District:Philadelphia City School District

Name	Grades	Distance
King Martin Luther High School 6100 Stenton Avenue, Philadelphia, PA 19138	9-12	0.9 mi

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 723 E Church Ln

Date

Details

Price

Change

Source

11/21/2025

Sold

$754,000

-15.75%

MLS

5/28/2025

Listed

$895,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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723 E Church Lane, Philadelphia, PA 19144 (MLS# PAPH2482438) is a Single Family property that was sold at $754,000 on November 21, 2025. Want to learn more about 723 E Church Lane? Do you have questions about finding other Single Family real estate for sale in Philadelphia? You can browse all Philadelphia real estate or contact a Coldwell Banker agent to request more information.

723 E Church Ln Philadelphia, PA 19144