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$225,000
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Property Description
Welcome to 816 W Erie Ave, a value-add triplex opportunity located in the Hunting Park section of Philadelphia. This property offers immediate income with two occupied 2-bedroom units and a partially completed basement space that has the potential to be finished into a 1-bedroom unit, allowing the cap rate to increase from approximately 6.3% to 8.1%. Zoned RM-1, the building allows a triplex by right and comes with plans for continued use as a three-unit property. Additional features include separate utilities and a semi-finished lower-level unit ready for final completion. This property presents a strong investment option or owner-occupant opportunity with value-added upside. Conveniently located near public transit and local amenities, this triplex is offered as-is and provides an excellent chance to expand or begin your rental portfolio.
Full Property Details
Full Property Details for 816 W Erie Ave
General
- Price: $225,000
- Taxes: $2,911 (2025)
- Status: Under Contract
- Type: Townhouse
- Source: BrightMLSPhilly
- MLS ID: PAPH2613072
- Updated: 5/3/2026
- Added to Site: 9 day(s) ago
Parking
- Parking Type: On Street
Location
- Area: 19140 (19140)
- Municipality: PHILADELPHIA
- County: PHILADELPHIA
- Subdivision: HUNTING PARK
- Driving Directions: 816 W Erie Ave (gps)
School Information
- School District: Philadelphia City
Heating & Cooling
- Cooling Type: None
- Heating Type: Baseboard - Electric
- Heating Fuel: Electric
- Water Heater: Electric
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Architectural Style: Traditional
- Structure Type: Interior Row/Townhouse
- Construction: Masonry
- Basement: Yes
- Basement Desc.: Partially Finished
- Foundation: Other
- Square Feet: 1,408
- Sq. Ft. Source: Assessor
- Living Area: 1,408 Sq. Ft.
- Finished Above Grnd: 1,408 Sq. Ft.
- Year Built: 1935
- Year Built Source: Assessor
Lot Features
- Lot Size (Acres): 0.03
- Lot Size (Sq. Ft.): 1,163
- Lot Size Source: Assessor
- Lot Dimensions: 16.00 x 75.00
- Zoning: RM1
Financial Considerations
- Price Per Sq. Ft.: $159.8
- Assessment Year: 2026
- School Tax: $1,630
- City/TownTax: $1,281
- City/TownTax Freq: Annually
- County Tax Freq: Annually
- Tax w/Assessment: $208,000
- Tax Amount: $2,911
- Tax Year: 2025
- Tax Total Finished Sq. Ft.: 1408
Disclosures and Reports
- Ownership: Fee Simple
- Lot Number: 124
Listed by Keller Williams Main Line, Zachary Matz
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Schools
Schools serving 816 W Erie Ave
School District:Philadelphia City School District
| Name | Grades | Distance |
|---|---|---|
Taylor Bayard School 3698 North Randolph Street, Philadelphia, PA 19140 | K-5 | 0.2 mi |
Clemente Roberto Middle School 122 West Erie Avenue, Philadelphia, PA 19140 | 6-8 | 0.7 mi |
Edison Hs/Fareira Skills 151 West Luzerne Street, Philadelphia, PA 19140 | 9-12 | 0.8 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 816 W Erie Ave
Date
Details
Price
Change
Source
4/27/2026
Listed
$225,000
229.45%
MLS
6/26/2019
Sold
$68,295
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 816 W Erie Ave
Year
Property Taxes
Change
Tax Assessment
Change
2024
$1,368
-10%
$208,000
—
2025
$1,512
—
$208,000
—
2024
$1,512
510%
$208,000
113%
2023
$248
—
$97,700
72%
2023
$248
-67%
$56,900
100%
2018
$747
31%
-100%
2020
$571
-24%
$40,800
-24%
2019
$748
-1%
$53,400
-1%
2018
$753
—
$53,800
—
2017
$753
126%
$53,800
—
2016
$333
-54%
$53,800
—
2015
$721
—
$53,800
—
2014
$721
41%
$53,800
925%
2013
$513
—
$5,248
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 816 W Erie Ave
816 W Erie Avenue, Philadelphia, PA 19140 (MLS# PAPH2613072) is a Townhouse property with 0 bedrooms and 0 full bathrooms. 816 W Erie Avenue is currently listed for $225,000 and was received on April 27, 2026. Want to learn more about 816 W Erie Avenue? Do you have questions about finding other Townhouse real estate for sale in Philadelphia? You can browse all Philadelphia real estate or contact a Coldwell Banker agent to request more information.

