1501 Montrose St, Philadelphia, PA 19146

Property Description

Excellent investment opportunity in the heart of Graduate Hospital! 1501 Montrose Street is a well-positioned mixed-use corner property featuring a first-floor laundromat and two spacious, updated one-bedroom, one-bath apartments above, offering multiple potential income streams under one roof. The laundromat, along with all equipment, is included in the sale and features 20 washers and 14 dryers. The laundromat and all equipment are being conveyed in “as-is” condition. The commercial space has its own entrance from 15th Street, while the residential units share a separate entrance from Montrose Street, providing clear separation between the commercial and residential portions of the property. Both apartments offer functional, light-filled layouts with modern kitchens, stainless steel appliances, full bathrooms, spacious living areas, hardwood flooring, and generously sized bedrooms with ample closet space. The property is equipped with three gas hot-air heating systems, central air conditioning for the first-floor commercial space, four electric meters, and three gas meters—an attractive setup for an investor managing multiple occupants and utility responsibilities. Located in one of Philadelphia’s highly desirable and walkable neighborhoods, the property boasts a Walk Score of 97 and is surrounded by neighborhood amenities including Target, Sprouts Farmers Market, Wine & Spirits, restaurants, shops, parks, public transportation, Broad Street, and Washington Avenue. Whether you're looking to add a mixed-use asset to your portfolio, operate an existing laundromat business, generate residential rental income, or capitalize on a sought-after Graduate Hospital location, 1501 Montrose Street offers strong investment potential. Schedule your private showing today and explore the possibilities! *Listing photos have been AI enhanced*