Patterson-Schwartz Real Estate723 E Church Lane, Philadelphia, PA 19144-1413 $895,000
Interior Sq. Ft: 8,485
Acreage: 0.52
Age:100 years
Taxes: $3,964
Subdivision: Germantown (East)
Design/Type:
Detached
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!
Home Assoc: No
Condo Assoc: No
Basement:
Pool: No Pool
Features
Utilities
Forced Air Heating, Natural Gas, Central A/C, Natural Gas, Hot Water - Natural Gas, Public Water, Public Sewer
Garage/Parking
Driveway, Off Street, On Street, Parking Lot
Interior
Accessibility - Ramp - Main Level
Exterior
Masonry, Sidewalks, Street Lights
Lot
Front Yard, SideYard(s), Urban, Street View
Select a school from the following list. Schools are grouped by school type.
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Proximity does not guarantee enrollment eligibility. Please contact the school directly for more information on enrollment requirements.
* If there are more than 5 schools of any type within a close proximity, click on the button to see additional schools of that type near the search address.
Public Elementary (119 schools)
Public Middle (22 schools)
Public High (45 schools)
Private (111 schools)
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This report is a detailed community overview for Philadelphia (19144), Pennsylvania.
Community Quick Facts
- Average travel time to work for people in this community: 34
- Average salary of people in this community: $43,662
Community Summary
- Population Density (ppl / mile): 12,730
- Household Size (ppl): 2.25
- Households w/ Children: 50%
Housing Inventory
- Owned: 7,185 (32.2%)
- Rented: 11,345 (50.8%)
- Vacant: 3,788 (17.0%)
- Total: 22,318
Population Demographics
The population of the community broken down by age group. The numbers at the top of each bar indicate the number of people in the age bracket below.
Climate and Weather
The Temperature chart displays average high and low values for January and July, and is designed to provide an indication of both seasonal and daily temperature variability. The Weather Risk Index indicates the calculated risk of each type of weather event occurring in the future. This risk is based on historical localized storm events and weather patterns. The national average for each type of weather event equals a score of 100, so a score of 200 would represent twice the risk as the national average, and a score of 50 would represent half the risk of the national average.
Temperature
Education
Highest Level of Education Attained
- Less than 9th Grade: 2.5%
- Some High School: 12.2%
- High School Graduate: 28.3%
- Some College: 18.1%
- Associate Degree: 6.7%
- Bachelor's Degree: 17.5%
- Graduate Degree: 14.8%
Income by dollar range
Median Income: $34,075
Fair Market Rents
The Fair Market Rents show average gross rent estimates based on figures provided by the U.S. Department of Housing and Urban Development (HUD).
- Studio: $734
- One Bedroom: $847
- Two Bedroom: $1,076
- Three Bedroom: $1,080
- Four Bedroom: $1,090
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Contact Information
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Listing Courtesy of: RE/MAX @ HOME , (215) 607-3535, thelistingteam@liveloveathome.com
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Patterson-Schwartz Real Estate participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information Deemed Reliable But Not Guaranteed.
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Listing data as of 6/09/2025.
