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!
For sale
$895,000
723 E Church Ln, Philadelphia, PA 19144
8beds
--baths
8,485sqft
Est.:
Quadruplex
Built in 1925
-- sqft lot
$-- Zestimate®
$105/sqft
$-- HOA
What's special
- 74 days
- on Zillow |
- 88 |
- 5 |
Zillow last checked: 7 hours ago
Listing updated: August 04, 2025 at 05:08am
Listed by:
Maria Quattrone 215-607-3523,
RE/MAX @ HOME 2156073535,
Listing Team: Maria Quattrone & Associates
Source: Bright MLS,MLS#: PAPH2482438

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
Basement
- Area: 0
Heating
- Forced Air, Natural Gas
Cooling
- Central Air, Natural Gas
Appliances
- Included: Gas Water Heater
Features
- Has fireplace: No
Interior area
- Total structure area: 8,485
- Total interior livable area: 8,485 sqft
Property
Parking
- Total spaces: 7
- Parking features: Driveway, Off Street, On Street, Parking Lot
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: Accessible Approach with Ramp
Features
- Exterior features: Sidewalks, Street Lights
- Pool features: None
- Has view: Yes
- View description: Street
Lot
- Size: 0.52 Acres
- Dimensions: 100.00 x 226.00
- Features: Front Yard, SideYard(s), Urban
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 122044100
- Zoning: RSA1
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: French
- Property subtype: Quadruplex
Materials
- Masonry
- Foundation: Other
Condition
- New construction: No
- Year built: 1925
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Germantown (east)
Location
- Region: Philadelphia
- Municipality: PHILADELPHIA
Financial & listing details
- Price per square foot: $105/sqft
- Tax assessed value: $283,200
- Annual tax amount: $3,964
- Date on market: 5/28/2025
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
- Ownership: Fee Simple
- Total actual rent: 99600
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