2615 Latona Street
Philadelphia, PA 19146
Map
- – beds
- – baths
- – sqft
- 609 sqft lot
An exceptional opportunity to own a legally zoned, new construction triplex in booming Grays Ferry/South Philadelphia. This property consists of two combined addresses—2615 and 2617 Latona Street—merged into one spacious legal triplex. This project is well underway — flooring installation has begun and will be completed by the current owner prior to sale. All prior inspections have passed, and the 10-year tax abatement is fully approved. The owner has HVAC and sprinkler in contract and will transfer to the new buyer. Property Breakdown: Unit 1: 4 bedrooms, spans the 1st floor and fully finished basement Unit 2: 2 bedrooms, smart layout ideal for long- or short-term rental Unit 3: 4 bedrooms, occupying the 3rd and 4th floors, full of natural light and skyline views Buyers have the rare advantage to step in and take over the contractor to finish the project according to their preferences or investment strategy. Perfect for investors seeking long-term cash flow or an owner-occupant looking to live in one unit and rent the others. Located on a quiet street with easy access to Center City, UPenn, CHOP, and I-76, this property checks all the boxes for a high-yield investment in one of Philly’s fastest-growing neighborhoods. Don’t miss this income-producing gem with major upside potential!
Last checked:
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Last updated Jun 10, 2025
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MLS# PAPH2490552 —
The Building
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Roof:Fiberglass
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New Construction:Yes
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Construction Materials:Brick Front, Concrete
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Construction Completed:No
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Building Levels:4
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Building Units Total:3
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Structure Type:Interior Row/Townhouse
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Historic:No
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Architectural Style:A-Frame
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Accessibility Features:None
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Foundation Details:Concrete Perimeter
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Total SqFt Source:Assessor
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Total Below Grade SqFt Source:Assessor
Interior
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Room Count:10
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Fireplace:No
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Living Area SqFt Source:Assessor
Room Dimensions
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Living Area SqFt:0 Sqft
Financial & Terms
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Sale Type:Standard
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Acceptable Financing:Cash, Conventional
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Possession:0-30 Days CD, 31-60 Days CD, Immediate
Location
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Directions:Follow the GPS
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Latitude:39.93757248
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Longitude:-75.18761444
The Property
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Property Type:Multi-Family
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Property Subtype:Triplex
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Lot Size Units:Square Feet
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Lot Size Acres:0.01
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Lot Size Source:Assessor
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Lot Size Dimensions:14.00 x 44.00
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Lot Dimensions Source:Assessor
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Lot SqFt:609 Sqft
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Zoning:RM1
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Other Structures:Above Grade, Below Grade
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Waterview:No
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Waterfront:No
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Water Oriented:No
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Water Access:No
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Navigable Water:No
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Tidal Water:No
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Land Use Code:SR
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Riparian Rights:No
Listing Agent
- Contact info:
- Agent phone:
- (215) 535-0898
- Office phone:
- (215) 535-0898
Taxes
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Tax ID Number:362053300
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Tax Year:2024
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Tax Lot:437
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Tax Annual Amount:$1,612
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Tax Assessed Value:$115,200
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Year Assessed:2025
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School Tax:903.0
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City/Town Tax:709.00
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Total Taxes Payment Frequency:Annually
Heating & Cooling
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Cooling Type:None
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Central Air:No
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Cooling Fuel:None
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Heating Type:None
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Heating Fuel:None
Utilities
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Sewer/Septic:Public Sewer
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Hot Water:None
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Water Source:Public
Schools
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School District Name:Philadelphia City
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School District Source:Listing Agent
The Community
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Pool:No Pool
Parking
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Garage:No
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Type of Parking:None
Extra Units
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Vacation Rental:No
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Two Bedroom Units:1
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
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6/10/25
Jun 10, 2025
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Price Changed | BRIGHT | $539,000 | -8.5% |
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6/5/25
Jun 5, 2025
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Price Changed | BRIGHT | $589,000 | 12.2% |
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6/5/25
Jun 5, 2025
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Listed / Active | BRIGHT | $525,000 |
