Pennsylvania Investment Real Estate
Pennsylvania Multifamily & Income Properties for Sale: 28 Listings from $1.15M to $1.25M
Fully leased triplexes, value-add apartment buildings, mixed-use corners and live/work properties, all priced between $1,150,000 and $1,250,000.
Around $1.2 million, Pennsylvania's income-property market offers very different strategies at the same price. You can buy a stabilized triplex with tenants paying their own utilities, a 15-unit building that needs work, a duplex you live in while the other side pays the mortgage, or a mixed-use corner with a business on the ground floor. This roundup collects 28 multifamily and income listings statewide, grouped by region, starting with South Central PA.
Want rent rolls, a walk-through or help running the numbers on an offer? Call or text Jay Starr at 717-658-0177 or email Jay@Jaystarr.com.
South Central PA, Lancaster & Berks
Closest to Jay's home base in Chambersburg: a fully rented townhome building in Carlisle, renovated and owner-occupant options in Lancaster City, and a 15-unit value-add building in Shillington.
$1,200,000
10-16 Morgan Circle, Carlisle, PA
4 units · Townhome building
A fully rented, turnkey building of four townhome-style units in Carlisle, just up the Cumberland Valley from Chambersburg.
Listing courtesy of New Home Star Pennsylvania LLC
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$1,225,500
449 W King St, Lancaster, PA
5 units + parking · Apartment building
A fully occupied five-unit building four blocks from the heart of Lancaster City. It was renovated inside and out in 2022, each unit has its own laundry and HVAC, and a 14-space private lot adds parking income.
Listing courtesy of Iron Valley Real Estate of Lancaster
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$1,200,000
138 N Mulberry Street, Lancaster, PA
3 residences · Two units + carriage house
Two rented 2-bedroom city units with private outdoor space, plus a move-in-ready 3-bedroom carriage house with radiant floor heat, a courtyard and its own driveway. An appealing owner-occupant setup.
Listing courtesy of Berkshire Hathaway HomeServices Homesale Realty
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$1,200,000
200 W Lancaster Ave, Reading (Shillington), PA
15 units · Value-add building
A 15-unit, circa-1910 brick building on a level 0.3-acre lot in downtown Shillington, with garages and surface parking and a clean Phase I environmental report. Its below-average condition leaves clear value-add upside.
Listing courtesy of Destination Realty LLC
View Listing & Photos →Central PA, the Lehigh Valley & the Poconos
Income properties outside the big metros, including a three-unit rental near Penn State, a five-acre live/work property in the Poconos and two commercial buildings with established uses.
$1,250,000
820 S Pugh St, State College, PA
3 units · Near Penn State
An R3H-zoned three-unit property near Penn State, rented under a single lease with no vacancy history and permits on file for more occupants than it currently houses. The kitchens and baths have been remodeled and the water heaters are new.
Listing courtesy of Kissinger, Bigatel & Brower
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$1,250,000
857 W 3rd St, Williamsport, PA
Commercial · Restaurant building
A fully equipped corner restaurant building near Pennsylvania College of Technology, with a drive-thru, fenced outdoor dining and a commercial kitchen. The current business can be purchased separately.
Listing courtesy of Iron Valley Real Estate North Central PA
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$1,180,000
40 Brushy Mountain Rd, East Stroudsburg, PA
3 units + shop · 5 acres
A three-unit residential building on five acres near the NJ border, with rental income in place, one unit vacant for an owner or new tenant, and a large garage/shop/office with tools and equipment available. No HOA.
Listing courtesy of Keller Williams Real Estate - Bethlehem
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$1,200,000
1422 Main St, Catasauqua, PA
Commercial · Garden center
A garden center that has operated for more than 60 years, with 15 greenhouses totaling over 22,000 square feet of growing space on highly visible grounds along Main Street.
Listing courtesy of RE/MAX Unlimited Real Estate
View Listing & Photos →Philadelphia's Suburbs
Main Line and Montgomery County options, from a fully leased Bala Cynwyd triplex to a Newtown Square duplex set up for house-hacking.
$1,250,000
115 Montgomery Ave, Bala Cynwyd, PA
3 units + garage · Fully leased
A fully occupied triplex plus a separately rented garage, generating $9,370 per month in gross rent. Tenants pay their own electric and gas, and the driveway parks 10+ vehicles.
Listing courtesy of EXP Realty, LLC
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$1,249,000
1420 Pennsylvania Ave, Berwyn, PA
Victorian · Home with in-law suite
A late-1800s Victorian on more than an acre, with soaring ceilings, multiple fireplaces and a grandfathered third-floor in-law suite with its own kitchen. Possible multi-unit use is subject to the buyer's own due diligence.
Listing courtesy of Keller Williams Realty Devon-Wayne
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$1,200,000
3554-3556 Woodcrest Ave, Newtown Square, PA
2 residences · 4,454 sq ft duplex
Two side-by-side townhome-style residences (3BR/2.5BA and 4BR/3.5BA), each with three finished levels, bringing in $6,010 per month combined. Upcoming tenant turnover makes it a flexible owner-occupant or investor purchase.
Listing courtesy of Long & Foster Real Estate, Inc
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$1,200,000
219 E Main St, Norristown, PA
Mixed use · Tavern + apartment
A downtown Norristown mixed-use building with a ground-floor tavern, an "R" liquor license and a kitchen, plus a three-bedroom apartment upstairs with a separate entrance. The retiring owner will train a new operator.
Listing courtesy of Home Max Realty
View Listing & Photos →Philadelphia: Center City & South Philly
Triplexes and small buildings in Washington Square West, Graduate Hospital, Queen Village, South Broad Street, Pennsport and Bella Vista, most with tenants and rent rolls already in place.
$1,200,000
1108 Locust St, Philadelphia, PA
3 units · Fully occupied
A fully occupied Washington Square West triplex of three 1-bedroom apartments bringing in $6,500 per month, with separate gas and electric meters, individual water heaters, central air and in-unit laundry in every unit.
Listing courtesy of EXP Realty, LLC
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$1,200,000
1637 Carpenter St, Philadelphia, PA
3 units · Fully occupied
A fully occupied Graduate Hospital triplex with high-end finishes, including custom cabinetry, Porcelanosa tile and in-unit laundry, and a shared roof deck with skyline views that was renovated in late 2025.
Listing courtesy of KW Empower
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$1,200,000
626 S 7th St, Philadelphia, PA
Mixed use · Corner live/work
A Queen Village corner property with an improved ground-floor commercial space and attached garage, below a custom bi-level residence ("Sky House") with two private roof decks and two fireplaces. Two more apartments are permitted by right.
Listing courtesy of SERHANT PENNSYLVANIA LLC
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$1,200,000
1413 S Broad St, Philadelphia, PA
3 units · Separately metered
A South Broad Street mansion converted in 2014 into three separately metered apartments (3BR/2.5BA, 2BR and 2BR), with a 25-foot sun deck, private decks and two-car parking behind a secured garage door.
Listing courtesy of KW Empower
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$1,200,000
1228–30 S 2nd St & 1231 S Philip St, Philadelphia, PA
7 units · Pennsport package
A seven-unit package (1228–30 S 2nd St and 1231 S Philip St) with five 2-bedroom and two 1-bedroom apartments averaging $1,551 per month in place, leaving room to raise rents on turnover.
Listing courtesy of TCS Management, LLC
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$1,190,000
925 S 11th St, Philadelphia, PA
2 units · Renovated duplex
A fully renovated, currently vacant duplex near the Italian Market with a 2BR/1BA unit and a 4BR/2BA unit. It's zoned RM-1, and first-floor commercial use may be possible subject to city approvals.
Listing courtesy of First Choice Real Estate Group
View Listing & Photos →Philadelphia: North, West & Northwest
Northern Liberties, Francisville, the Temple and Drexel corridors, West Philadelphia and Roxborough, with a mix of stabilized income, tax abatements and value-add upside.
$1,150,000
1010 N 5th St, Philadelphia, PA
4 units · Northern Liberties
A legal four-unit brick building in Northern Liberties with separate utilities, a rear bi-level 2-bedroom with a private entrance, a yard and parking, plus a non-conforming fifth studio that offers conversion potential.
Listing courtesy of JG Real Estate LLC
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$1,200,000
920 N 15th St, Philadelphia, PA
3 units · Tax abatement
A stabilized corner triplex in Francisville with about six years left on a 100% tax abatement, designer kitchens, in-unit laundry and a bi-level roof deck with Center City views.
Listing courtesy of Howard Hanna Real Estate Services
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$1,200,000
1542 N 15th St, Philadelphia, PA
5 units · Mixed use
A fully occupied mixed-use property one block from Temple University, with a long-term commercial tenant and four residential units producing about $101,500 per year. A block-to-block lot comes with new-construction plans.
Listing courtesy of RE/MAX Select Group
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$1,200,000
1517 N 15th St, Philadelphia, PA
9 units · Value-add
A nine-unit Second Empire-style building near Temple University with a cut-stone façade and mansard roof. Seven units are occupied, and the projected stabilized gross rent is about $141,000 per year. Sold as-is.
Listing courtesy of Keller Williams Liberty Place
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$1,170,000
2409 Ridge Ave & 2404 W Montgomery Ave, Philadelphia, PA
5 units · 2 buildings
Two newer-construction buildings sold together, a Ridge Avenue triplex and a Montgomery Avenue duplex, with about five years left on the tax abatement, smart-home features and two roof decks. Four of the five units are occupied.
Listing courtesy of Mercury Real Estate Group
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$1,225,000
2101-2109 W Diamond St, Philadelphia, PA
14 units · 7-property portfolio
A contiguous corner assemblage of seven properties on W Diamond and N 21st Streets: about 23,000 square feet of buildings on roughly 10,795 square feet of land, with nine residential and five commercial units per public records.
Listing courtesy of Compass Pennsylvania, LLC
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$1,188,250
929 N 40th St, Philadelphia, PA
6 units · Mixed use
One commercial unit on a five-year lease with 3% annual increases plus five residential units, grossing $107,904 per year with a stated in-place cap rate of 8%.
Listing courtesy of Keller Williams Liberty Place
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$1,250,000
516 N 34th St, Philadelphia, PA
4 units · 12 bedrooms
Four renovated 3-bedroom apartments near Drexel University, fully leased for the 2026–2027 academic year at $7,975 per month gross, with central air and in-unit laundry.
Listing courtesy of Plus Realtors
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$1,250,000
207 Rector St, Philadelphia, PA
4 units · 4,680 sq ft
A masonry quadruplex in Roxborough with 4,680 finished square feet, a heated attached garage, off-street parking and no association fees.
Listing courtesy of Kershaw Real Estate
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$1,249,000
4117 Decatur St, Philadelphia, PA
Mixed use · Business + apartment
A long-established, ADA-accessible funeral home sold with its business, a 3-bedroom upstairs apartment, a parking lot and garage/office, and a buildable rear lot, across three parcels.
Listing courtesy of Christopher Real Estate Services
View Listing & Photos →Listing information is deemed reliable but not guaranteed and was current as of September 23, 2026. Rents, income, cap rates, unit counts, zoning and tax abatements are as reported by the listing brokerages and have not been independently verified; buyers should review leases, financials and municipal records during due diligence. Listings are held by the brokerages credited on each property and are shown here for informational purposes. Photos are provided by the listing brokerages. Jay Starr, RE/MAX 1st Advantage, supports the principles of the Fair Housing Act and the Equal Opportunity Act.