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Sold for $557,500 on 09/12/23
  • $557,500

    4506 Merion Ave, Philadelphia, PA 19131

    6beds
    --baths
    3,000sqft
    Duplex
    Built in 2023
    -- sqft lot
    $579,200 Zestimate®
    $186/sqft
    $1,914 Estimated rent

    Home value

    $579,200

    $533,000 - $620,000

    $1,914/mo

    Zestimate® history
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    What's special

    FULLY RENTED !!! Welcome to 4506 Merion Ave, Stunningly Finished, Brand New Duplex located in Belmont, one of the rapidly developing sections of Philadelphia. This Gorgeous Multi-Family New Construction Duplex was built by the meticulous and respected builder, NHA Development who spared no expense in building this property to ensure maximum rental income. As soon as you walk in, you will see how much special attentions have been giving to this exclusive high-quality finished duplex. This beautiful Brand-New Duplex is conveniently located, and it provides easy access to all major transportation. The duplex sits on a generous size lot which allows all the units to be much larger than regular units. This amazing duplex offers almost 1500 sqft of livable space for each unit. Unit #1 is bi-level, offering over 1500 sqft with 3 extremely large bedrooms, 3 custom baths, and a huge backyard. Unit #2 is also bi-level, over 1500 sqft with 3 massive bedrooms, 3 custom baths, and an incredible rooftop deck. UNIT 1#2 ARE RENTED at 2000$. It is fully rented now !!! THIS MONEY MACHINE IS COLLECTING $4000 in a month. THIS AMAZING DUPLEX IS GENERATING POSITIVE CASH FLOW With ZERO MAINTENANCE AND APPROVED 10 YEARS TAX ABATEMENT. All units feature high-quality flooring, state-of-the-art kitchen with shaker cabinets and stainless steel appliances, custom tile work all bathrooms, and more. This building is 1 block from BOTH the #10 and #36 trolleys for easy access to Drexel/Penn, Center City, and more. Both the #43 and #64 bus lines stop qt the corner as well in front of the building. This DUPLEX is not only in a convenient location, where property values are appreciating; but it's also located in the Qualified opportunity zone (QOZ) and approved 10 Years Tax Abatement making this a very secure investment. I invite you to take advantage of this life opportunity to own this stunning duplex. There is not much to say !!!. Actions speaks louder than words!!!. This is a life opportunity to own it. You will not be disappointed to see this duplex. Please reach out for showing.

    Zillow last checked: 8 hours ago

    Listing updated: September 12, 2023 at 08:31am

    Listed by:

    Gazi Ataseven 267-774-6886,

    HomeSmart Realty Advisors

    Bought with:

    Gazi Ataseven, RM426020

    HomeSmart Realty Advisors

    Source: Bright MLS,MLS#: PAPH2240364MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    Basement
    • Area: 0
    Heating
    • Forced Air, Natural Gas
    Cooling
    • Central Air, Electric
    Appliances
    • Included: Water Heater
    Features
    • Has fireplace: No
    Interior area
    • Total structure area: 3,000
    • Total interior livable area: 3,000 sqft

    Property

    Parking
    • Parking features: On Street
    • Has uncovered spaces: Yes
    Accessibility
    • Accessibility features: None
    Features
    • Levels: Bi-Level
    • Pool features: None
    Lot
    • Size: 945 sqft
    • Dimensions: 14.00 x 68.00
    Details
    • Additional structures: Above Grade, Below Grade
    • Parcel number: 062032200
    • Zoning: RM1
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Duplex
    Materials
    • Brick, Aluminum Siding
    Condition
    • Excellent
    • New construction: Yes
    • Year built: 2023

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Location
    • Region: Philadelphia
    • Municipality: PHILADELPHIA

    Other

    Other facts
    • Listing agreement: Exclusive Right To Sell
    • Ownership: Fee Simple

    Price history

    DateEventPrice
    9/12/2023Sold$557,500-4.7%$186/sqft
    Source: Bright MLS #PAPH2240364
    5/26/2023Listed for sale$585,000+485%$195/sqft
    Source: Bright MLS #PAPH2240364
    5/11/2022Sold$100,000+400%$33/sqft
    Source: Public Record
    12/5/2019Sold$20,000+48.1%$7/sqft
    Source: Public Record
    8/22/2019Price change$13,500-3.6%$5/sqft
    Source: KW Philly South #PAPH362852

    Public tax history

    YearProperty taxesTax assessment
    2025$624 +160.8%$44,600 +160.8%
    2024$239 $17,100
    2023$239 +175.8%$17,100

    Find assessor info on the county website

    Neighborhood: Mill Creek

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • District: The School District Of Philadelphia

    Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Sell for more on Zillow
    Get a free Zillow Showcase℠ listing and you could sell for .
    $579,200
    2% more+ $11,584
    With Zillow Showcase(estimated)
    $590,784