***2 PROPERTIES FOR THE PRICE OF ONE*** Rarely offered, turn-key mixed-use residential investment opportunity in desirable Penndel Borough! This unique property consists of a 4-bedroom single-family home (140 Crescent St) plus a separate 2+1 duplex (also known as 143 Noeland St)—all situated on one parcel, offering strong, immediate cash flow with upside potential.
The single-family residence has been thoughtfully updated throughout and is currently leased for $2,700/month through February 2027, with tenants paying water, electric, and gas. Enter through a heated and cooled enclosed front patio to find a convenient main-level primary suite featuring a private full bath and included stackable washer and dryer. The main level also offers a spacious living room/dining room combination that flows into a beautifully updated eat-in kitchen complete with new cabinetry, granite countertops, and stainless steel appliances including a gas range, built-in microwave, dishwasher, and refrigerator. The upper level hosts three additional bedrooms and a full hall bathroom. Additional highlights include central air, a full basement, and a large yard.
The detached duplex provides two additional income-producing units, both occupied by long-term tenants on month-to-month leases. The first-floor unit is a 1-bedroom layout with a spacious living room, kitchen, full bath, and storage room, currently rented for $1,050/month, with the tenant responsible for electric. The second-floor unit features 2 bedrooms, a living room, kitchen, and full hall bath, rented for $1,250/month, also with tenant-paid electric. The owner currently covers water and oil heat for the duplex.
With three separate income streams, a mix of long-term and flexible lease structures, and a well-maintained, updated main residence, this property is ideal for both seasoned investors and those looking to expand their portfolio.
24-Hour notice required for all showings.
