808 E Passyunk Ave, Philadelphia, PA 19147

Property Description

A rare development opportunity in the heart of Queen Village. Positioned on a prime corner lot, 808 E Passyunk Ave is a two-unit multifamily property offering exceptional upside for investors and developers alike. The building is currently configured as two spacious one-bedroom, one-bathroom units. It includes a large first-floor unit and a second-floor unit above. Both units will be delivered vacant, offering a clean slate for renovation, repositioning, or immediate lease-up at market rents. Adding to the appeal is a massive garage this is a huge plus in this part of the city, ideal for parking, storage, or workshop space along with a full unfinished basement offering additional square footage ripe for finishing and ait already has an egress. The real value, though, lies in the potential. This property offers the ability to add a third floor, unlocking additional square footage and unit count. Buyers also have the potential flexibility to convert the building into a single-family home, combining the existing units into one expansive residence with garage parking and basement space in one of Philadelphia's most desirable neighborhoods. Whether you're looking to expand the current footprint, reposition it as a larger multi-unit building with commercial space, or create a standout single-family home, the possibilities here are endless. Queen Village continues to be one of the city's most sought-after neighborhoods, prized for its tree-lined streets, historic character, and unbeatable walkability to South Street, Fabric Row, Headhouse Square, and the Delaware River waterfront. A corner location on E Passyunk Ave adds even more visibility and appeal. Deliverable vacant. Development-ready. Garage parking. Basement potential. Single-family conversion option. 808 E Passyunk Ave is a blank canvas for your next project in a neighborhood that continues to see strong demand and appreciation.