Check Availability
$415,000
Multifamily - In Contract

42 E HAINES ST

PHILADELPHIA, PA 19144
bedrooms
Studio
bathrooms
0 Bath
$2,038
Estimated Monthly

About This Property

Calling all first time homebuyers and investors! Come explore this perfect combination of family living and prime investment in historic Germantown! A fully renovated duplex- the first unit having 3 bedrooms, 2 full bathrooms and a huge private yard and the second unit having 4 bedrooms with 2 full bathrooms- awaits you right off of Germantown Ave! Nestled in a rare and expansive lot of approximately 3500 sq ft, this property offers ample space for its new owners as well as a great investment opportunity.  And best of all, it offers ALL BRAND NEW mechanics- roof, HVAC systems, water heaters, electrical wiring and separate electric panels, plumbing, windows, appliances- all new updates to give you peace of mind and a lifetime of worry-free ownership!

In addition to the new mechanics, as you step inside the property, you will discover a world of modern comfort and convenience. New vinyl flooring with a lifetime warranty from the manufacture offers both style and durability, while the addition of laundry facilities in each unit adds practicality to everyday life. The renovated kitchens boast sleek stainless steel appliances, while updated bathrooms feature modern hardware and fixtures, creating spaces that are as functional as they are stylish. A new roof, gutters, flashing, stucco, and windows not only enhance curb appeal but also promise durability and energy efficiency, making this home as resilient as it is beautiful.  

Both units are separately metered, offering convenience and easy management of utility costs. With certified appraisers projecting fair market rents at $1850 for Unit 1 and $1800 for Unit 2, this property can generate an estimated gross annual income of $43,800. Additionally, utilizing depreciation write-offs for 27.5 years provides a powerful tax strategy, ensuring unbeatable ROI regardless of market conditions. Beyond being a property, this duplex is a financial fortress and an ideal home for a buyer searching for passive income. Live in one unit and rent out the other to cover your mortgage and watch as your investment grows.

This property sits across the street from a new apartment complex of 350 units in the works, signifying a neighborhood transformation of epic proportions! Enjoy easy access to Lincoln Drive, Chestnut Hill, and Center City within minutes, surrounded by a vibrant array of amenities including cafes, restaurants, bars, parks, and supermarkets that Germantown has to offer. Schedule your showing today!
Unit Size
-
Days on Market
-
Land Size
0.08 acres
Price per sqft
-
Property Type
Multifamily
Property Taxes
$105
HOA Dues
-
Year Built
1900

Listed By

Caitlin Dailey
Keller Williams Philadelphia
Last updated: 6 days ago (Bright MLS #PAPH2348174)

Price History

Date / Event Date Event Price
Jun 9, 2024 In contract -
In contract
May 23, 2024 Price Decreased $415,000
↓ $10K (2.4%)
Price Decreased
May 16, 2024 Listed by KW Empower $425,000
Listed by KW Empower
Nov 30, 2023 Sold $95,000
Sold
May 29, 1986 Sold to Juliet T Sawyer $9,000
Sold to Juliet T Sawyer

Property Highlights

Air Conditioning
Parking Details
Parking Features: On Street
Interior Details

Interior Information

Living Area Square Feet Source: Assessor

Basement Information

Has Basement
Partially Finished

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Multifamily
Stu
-
-
$394,000 Nov 4, 2023
$394,000 Jan 10, 2024
-
Townhouse
Stu
-
-
$335,000 Apr 14, 2024
$335,000 May 24, 2024
-
Commercial
Loft
-
-
$375,000 Feb 4, 2024
$375,000 Feb 5, 2024
-
House
5 Beds
3 Baths
2,119 ft²
$186/ft²
$395,000 Oct 31, 2022
$395,000 Apr 19, 2023
-
House
5 Beds
3 Baths
2,200 ft²
$193/ft²
$425,000 Feb 24, 2023
$425,000 Apr 21, 2023
-
House
8 Beds
5 Baths
5,000 ft²
$71/ft²
$356,000 Sep 12, 2013
$356,000 Nov 1, 2013
-
Multifamily
Stu
-
-
$390,000 May 23, 2024
-
-
Multifamily
Stu
-
-
$399,000 Aug 23, 2023
-
-
Multifamily
Stu
-
-
$350,000 Mar 19, 2024
-
-
Multifamily
Stu
-
-
$380,000 Apr 3, 2024
-
-
Multifamily
Stu
-
-
$435,000 Mar 13, 2023
-
-
Commercial
Loft
-
-
$435,000 Nov 14, 2022
-
-

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

42 East Haines Street 42 East Haines Street, Philadelphia, PA 19144
  • 1 Unit for Sale
More about this Building
42 East Haines Street
Want to find out who owns 42 East Haines Street, Philadelphia, PA 19144? Get detailed property transactions here .

About Northwest Philadelphia


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