109-15 Carpenter Lane, Philadelphia, PA 19119-2528 $1,999,999
Interior Sq. Ft: 6,428
Acreage: 0.46
Age:141 years
Taxes: $3,463
Design/Type:
Detached
Description
109 Carpenter Lane is a turnkey multifamily property located in the coveted West Mount Airy submarket of Philadelphia, Pennsylvania — a Top-10 USA MSA — now available as a turnkey real estate investment opportunity for qualified investors. With eight (8) units rented below market coupled with a private parking area for residents, sited on a generously proportioned, suburban-style ±20K SF parcel, 109 Carpenter Lane presents an immediate cash-flowing asset with nearly a half-acre of land in a transit-oriented, amenity-rich neighborhood in Northwest Philly known for its bucolic feel, local parks, and laid-back lifestyle. The apartments are outfitted with hardwood floors, shaker cabinetry, stainless steel appliances, recessed lighting and high ceilings. A diverse unit mixture in the apartment building includes studio, 1bd and 2bd apartments, ensuring that this apartment remains in high demand within the sought-after rental marketplace. Originally constructed in 1929 and fully renovated in 2015, the multifamily property carries a 10 year tax abatement through 2027. Emanating with original detail and charm, 109 Carpenter Lane boasts stained-glass windows, early-century masonry, expert carpentry/millwork and more — while still offering contemporary kitchens and bathrooms built to today's expectational standards. A combination of central air and mini splits ensure thermal comfort year-round. Minimal OPEX. Rental upside via parking income, storage income, utility rubs — producing a juicy cap rate. Enquire within for financials and floorplans for this NWPHL gem of a property.
Home Assoc: No
Condo Assoc: No
Basement: Y
Pool: No Pool
Features
Utilities
Central Heating, Wall Unit Heating, Natural Gas, Central A/C, Ductless/Mini-Split, Natural Gas, Hot Water - Natural Gas, Public Water, Public Sewer
Garage/Parking
Driveway, Parking Lot
Exterior
Stone Foundation, Masonry
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Public Elementary (88 schools)
Public Middle (15 schools)
Public High (30 schools)
Private (99 schools)
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This report is a detailed community overview for Philadelphia (19119), Pennsylvania.
Community Quick Facts
- Average travel time to work for people in this community: 37
- Average salary of people in this community: $61,100
Community Summary
- Population Density (ppl / mile): 8,691
- Household Size (ppl): 2.32
- Households w/ Children: 46%
Housing Inventory
- Owned: 7,600 (57.4%)
- Rented: 4,185 (31.6%)
- Vacant: 1,453 (11.0%)
- Total: 13,238
Population Demographics
The population of the community broken down by age group. The numbers at the top of each bar indicate the number of people in the age bracket below.
Climate and Weather
The Temperature chart displays average high and low values for January and July, and is designed to provide an indication of both seasonal and daily temperature variability. The Weather Risk Index indicates the calculated risk of each type of weather event occurring in the future. This risk is based on historical localized storm events and weather patterns. The national average for each type of weather event equals a score of 100, so a score of 200 would represent twice the risk as the national average, and a score of 50 would represent half the risk of the national average.
Temperature
Education
Highest Level of Education Attained
- Less than 9th Grade: 1.6%
- Some High School: 4.4%
- High School Graduate: 20.6%
- Some College: 17.2%
- Associate Degree: 6.3%
- Bachelor's Degree: 22.9%
- Graduate Degree: 26.9%
Income by dollar range
Median Income: $64,237
Fair Market Rents
The Fair Market Rents show average gross rent estimates based on figures provided by the U.S. Department of Housing and Urban Development (HUD).
- Studio: $663
- One Bedroom: $922
- Two Bedroom: $1,057
- Three Bedroom: $1,224
- Four Bedroom: $1,886
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Contact Information
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Listing Courtesy of: Keller Williams Liberty Place , (609) 399-5454, klrw903@kw.com
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Listing data as of 10/30/2025.
Broker Compensation
An offer of broker compensation or seller concession is not a guarantee. All compensation offers and concessions are negotiable and subject to written agreement between the parties. Please consult with your real estate agent for more information.


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