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James Balletto

balletto.j@gmail.com +1(609) 349-2987

Listed by ERIC Dvotsky • BHHS Fox & Roach-Center City Walnut

$ 349,900

Est. payment | -/mo

3 Beds

3 Baths

1,470 SqFt

Save

$ 349,900

Est. payment | -/mo

Save

3 Beds

3 Baths

1,470 SqFt

Key Details

Property Type Townhouse

Sub Type Interior Row/Townhouse

Listing Status Active

Purchase Type For Sale

Square Footage 1,470 sqft

Price per Sqft $238

Subdivision Ludlow

MLS Listing ID PAPH2626328

Style Contemporary

Bedrooms 3

Full Baths 2

Half Baths 1

HOA Y/N N

Abv Grd Liv Area 1,470

Year Built 2023

Annual Tax Amount $1,738

Tax Year 2025

Lot Size 518 Sqft

Acres 0.01

Lot Dimensions 14.00 x 37.00

Property Sub-Type Interior Row/Townhouse

Source BRIGHT

Property Description

Welcome to 540 Edgley St, a beautifully designed newer construction home located in the rapidly developing Norris Square / Ludlow corridor of Philadelphia. This modern residence presents an exceptional opportunity for both homeowners and investors seeking strong long-term upside in one of the city's most active growth markets. Surrounded by ongoing redevelopment, increasing rental demand, and continued neighborhood appreciation, the property is ideally positioned just minutes from Temple University, where the surrounding area continues to see consistent demand from students, young professionals, and renters seeking modern housing close to campus, transit, and Center City. Offering approximately 1,400 square feet of thoughtfully designed living space, the home features the flexibility for three full bedrooms, including a fully finished basement that can easily function as an additional bedroom suite with its own en-suite bathroom. The main living level features an open-concept layout with spacious living and dining areas flowing seamlessly into a modern chef's kitchen, creating an ideal setup for both entertaining and everyday living. The property includes two full bathrooms and one half bathroom, along with custom closet solutions throughout the home for added functionality and convenience. Outdoor living is another standout feature, with both a private rear yard and a spacious roof deck perfect for entertaining, relaxing, or enjoying skyline views. Additional highlights include dual-zone HVAC systems for year-round comfort and ample nearby street parking. For investors, this property is especially attractive due to the old full 10-year tax abatement with a little over six years remaining, significantly reducing ownership expenses and enhancing overall cash flow potential. The property is currently occupied by a PHA-backed tenant paying $2,061 per month while also covering all utilities, providing stable, government-backed income with minimal landlord expense responsibility. Combined with strong rental demand driven by nearby Temple-area housing needs and continued investment throughout Norris Square and Ludlow, 540 Edgley St offers a rare opportunity to acquire a modern, low-maintenance asset positioned for long-term appreciation and stable rental performance in one of Philadelphia's fastest-growing residential corridors.

Location

State PA

County Philadelphia

Area 19122 (19122)

Zoning RSA5

Rooms

Basement Fully Finished

Main Level Bedrooms 1

Interior

Hot Water Electric

Heating Central

Cooling Central A/C

Fireplace N

Heat Source Electric

Exterior

Water Access N

Accessibility None

Garage N

Building

Story 3

Foundation Slab

Above Ground Finished SqFt 1470

Sewer Public Sewer

Water Public

Architectural Style Contemporary

Level or Stories 3

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District Philadelphia City

Others

Senior Community No

Tax ID 191386900

Ownership Fee Simple

SqFt Source 1470

Special Listing Condition Standard

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(609) 349-2987

balletto.j@gmail.com

12 Terry Drive Suite 204, Newtown, Pennsylvania, 18940, United States

540 EDGLEY ST Philadelphia, PA 19122