$925,000
2113 Cherry St, Philadelphia, PA 19103
Listed by Compass Pennsylvania, LLC
11-UNIT MULTIFAMILY PORTFOLIO | Philadelphia, Pennsylvania Asking Price $898000 Investment Highlights ● 4 residential properties ● Portfolio includes: ● 4215 Salem St: 4 Units, All 1 BR/1 BA ● 4219 Salem St: 3 BR/1 BA Single Family Rowhome ● 4221 Salem St: 4 Units, All 1 BR/1 BA ● 4223 Salem St: 2 Units, Both 1 BR/1 BA. Convenient access to public transportationl, shopping, restaurants, schools, and major roads ● Strong rental demand with excellent long-term investment potential Financial Summary Gross Annual Income: $130,800 Annual Operating Expenses: Approximately $26,343 Net Operating Income (NOI): Approximately $104,457 Asking Price: $898000.00 Estimated NOI Yield: 10.45%. Gross Rental Yield 13.08%. Investment Opportunity This is a rare opportunity to acquire a well-maintained, income-producing multifamily portfolio in one of Philadelphia’s most desirable rental markets. The properties offer stable cash flow, low operating expenses, and upside potential through future rental growth. Whether you’re expanding an existing portfolio or completing a 1031 exchange, this asset presents an attractive investment opportunity. Closing Seller is seeking a fast closing. Qualified buyers are encouraged to provide proof of funds or financing pre-approval prior to scheduling property tours. For additional information, including the rent roll, operating statements, or to arrange a private showing, please contact the listing agent. Investment highlights 11 Total Residential Units Strong rental demand in 19124 Value-add opportunity Adjacent lot included with 4215 Salem St Ideal portfolio for cash flow investors Prime location close to public transportation, major roads, shopping, and local amenities.
| Date | Event | Price |
|---|---|---|
| Oct 30, 2026 | Price reduced | $898,500 |
| Oct 15, 2026 | Listed for sale | $1,000,000 |
Price changes are tracked from when NookLocal first indexed this listing; earlier history may not appear. Tax & assessment details are in the section below.
Estimated value
$1,080,000
Automated estimate, not an appraisal. Sale records through July 2026.
Based on 10 comparable sales nearby, the Philadelphia County assessment ratio, weighted toward the current asking price.
| Address | Closed | Sale price | Bd/Ba | Sqft | Adjusted value |
|---|---|---|---|---|---|
| 1013 CLINTON ST, PHILADELPHIA, PA 19107 | June 2026 | $2,200,000 | 5/5 | 6,500 | $2,281,720 |
| 1536-38 N HANCOCK ST, PHILADELPHIA, PA 19122 | March 2026 | $500,000 | 0/5 | 7,200 | $282,975 |
| 2015 DELANCEY PL, PHILADELPHIA, PA 19103 | April 2026 | $5,600,000 | 5/5 | 6,644 | $5,808,015 |
| 822 N AMERICAN ST #6, PHILADELPHIA, PA 19123 | October 2026 | $1,850,000 | 6/5 | 6,200 | $1,944,677 |
| 1029 66TH AVE, PHILADELPHIA, PA 19126 | April 2025 | $700,000 | 4/3 | 6,849 | $1,030,957 |
| 1830 DELANCEY PL, PHILADELPHIA, PA 19103 | July 2025 | $3,800,000 | 5/4 | 6,600 | $4,127,894 |
Recorded property taxes: $2,383 (2026 bill as recorded in the MLS).
Loan term
Estimated monthly payment
$4,971/mo
Taxes use the amount recorded on the MLS. The default rate is the average 30-year rate as of July 2026; insurance is estimated at 0.35% of the price per year. Below 20% down, lenders usually add mortgage insurance, which this estimate doesn't include. Estimate only; verify before relying on it.
School district
Philadelphia City
2025 PA state assessments (PSSA / Keystone) and graduation data. The index measures student outcomes, not school effectiveness, and is not adjusted for demographics. Districts serve all residents; verify enrollment boundaries with the district.
Safety data
Philadelphia County crime & safety numbers →
County figures from FBI and Pennsylvania source data.
Property taxes
Philadelphia County taxes, explained →
Millage, the Common Level Ratio, and what changes after you buy.
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Information Deemed Reliable But Not Guaranteed
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 United Real Estate Strive 212 participates, and is provided by BRIGHT through a licensing agreement.
IDX listings are displayed pursuant to broker of record United Real Estate Strive 212, Frank Ramos, Broker/Owner, PA Broker License RM424345, 1220 Broadcasting Rd, Suite 201, Wyomissing, PA 19610, (610) 372-0212.
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Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale.
Data last updated: November 1, 2026 at 1:13 PM EST
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