About 4628 Penn St
Attention Investors: Turnkey, Fully Occupied Triplex!
4628 Penn Street is a fully renovated, 100% occupied triplex generating $3,225/month ($38,700/year) in gross rental income. All units have separate gas and electric utilities paid directly by the tenants, reducing owner-paid expenses. The property generated 2025 NOI of $21,208.41, representing approximately a 6.1% cap rate at the $349,900 asking price. The property also features a coin-operated washer and dryer in the basement, providing an additional income stream.
Unit Breakdown:
Unit 1: 2 beds, 1 bath — $1,250/month with private backyard access
Unit 2: 2 beds, 1 bath — $1,150/month
Unit 3: 1 bed, 1 bath — $825/month
All three units are occupied under fixed-term leases. With renovations complete and tenants already in place, the next owner can acquire a stabilized, income-producing multifamily property without a major upfront renovation or initial lease-up.
Offered at $349,900. Schedule your private tour today
