Property Attributes
- MLS#PAPH2559042
- TypeMulti-Family
- Listing Status ACTIVE
- CountyPHILADELPHIA
- CityPhiladelphia
- Area19149
- Zip19149
- StyleStraight Thru
- Year Built1940
- Taxes$ 60712
- Price$ 4,500,000
- Bedrooms72
- Full Bathrooms0
- Half Bathrooms0
- Lot Size0.69 Acres
Data Source:
Bright MLS
Property Description
Exceptional opportunity to acquire a 24-unit residential portfolio throughout the Northeast Philadelphia corridor, with the flexibility to purchase the entire package, buy in neighborhood blocks, or purchase individual properties. One unit may be sold separately depending on offer strength. Northeast Philly Portfolio (2) The portfolio spans several of the citys strongest rental submarkets, including Mayfair, Oxford Circle, Frankford, Tacony, Lawncrest, and West Philadelphia. These areas are known for long-term tenant stability, consistent rent demand, strong appreciation trends, and low vacancy rates. The mix includes performing rentals, month-to-month tenants, and select vacant or value-add units, giving investors immediate income along with clear upside through turnover, rent increases, and light repositioning. Current rents across many properties remain below market due to long-term tenancy. This creates significant room for rent growth once units are brought to market levels or re-leased. The stabilized portfolio projects an estimated 810% cap rate, with additional built-in equity available at acquisition. Management can remain in place for a seamless transition if desired. This offering is suitable for cash buyers, conventional investors, DSCR financing, private lending, and potential seller financing. Exterior drive-by showings are allowed; interior access will be coordinated after an accepted offer to respect tenant privacy. A rare chance to secure substantial cash flow, appreciation, and scalable management efficiency across one of Philadelphias most resilient and high-demand rental markets. See Documents For Proforma. Full rent rolls, ledgers, photos, and the offering memorandum are available upon request.
| Price History | |
|---|---|
| 11/13/2025 | Listed $4,500,000 |
General Features
| Living Area | 1552 |
|---|---|
| Sewer | Public Septic |
| Heating | Hot Water |
| Cooling | Central A/C,Ceiling Fan(s),Multi Units,Window Unit(s) |
| Utilities | Natural Gas Available,Electric Available |
| Possession | Immediate |
| Zoning | RSA5 |
| Garage Spaces | 30.00 |
| Architectural Style | Straight Thru |
| Construction Materials | Masonry |
| School District | PHILADELPHIA CITY |
| Exclusions | Tenants Personal Property |
| Year Built | 1940 |
| Property Subtype | Other |
| Tax Year | 2025 |
| Ownership | Fee Simple |
| Cool Fuel | Natural Gas,Electric,Bottled Gas |
| Accessibility | None |
| County | PHILADELPHIA |
| New Construction | No |
| Property Type | Multi-Family |
| Garage Y/N | Yes |
| Water Access Y/N | No |
| Other Structures | Above Grade,Below Grade |
| Status | ACTIVE |
| Directions | Properties Are in Scattered Locations Via Northeast Philly and West Philly! |
| City | PHILADELPHIA |
| Number Of Units Total | 4 |
| MLS Area | 19149 (19149) |
| Lot Size Units | Square Feet |
| Lot Size Square Feet | 30000.00 |
| Tax Assessed Value | 60712.0 |
| Number of Units Leased | 21 |
| Tax Annual Amount | 60712.0 |
| Property Condition | Excellent,Very Good,Good,Average,Below Average |
| Structure Type | Interior Row/Townhouse |
| NumberOfUnitsVacant | 3 |
| Price Per Sq Ft Total AG | 2899.48 |
| Acceptable Financing | Cash,Bank Portfolio,Conventional,Private,Seller Financing |
| Rent Control Y/N | No |
| Vacation Rental Y/N | No |
| Total SQFT | 1552 |
| Lease Type | Month to Month |
| Standard Status | Active |
| Year Built Source | Assessor |
| Tax Lot | 181 |
| Total Actual Rent | 333000.00 |
Interior Features
| Heating Fuel | Natural Gas,Natural Gas Available,Electric,Central |
|---|---|
| Hot Water | Natural Gas |
| Heating Y/N | Yes |
| Fireplace Y/N | No |
| Central Air Y/N | Yes |
| LivingAreaSource | Assessor |
| Three Bedroom Units Count | 24 |
Exterior Features
| Pool | No Pool |
|---|---|
| Water Source | Public |
| Inclusions | Tenants,Leases,Appliances Owned By Seller |
| Total Parking Spaces | 30 |
| Garage Features | Garage - Rear Entry |
| Type of Parking | Attached Garage,Detached Garage,Driveway,Off Site,On Street |
| Land Use Code | R30 |
| Foundation Details | Concrete Perimeter |
| Water View Y/N | No |
| Lot Dimensions | 16.00 x 100.00 |
| Lot Size Acres | 0.69 |
| Lot Size Source | Estimated |
| Waterfront Y/N | No |
| Navigable Water Y/N | No |
| Water Oriented Y/N | No |
| # of Attached Garage Spaces | 20 |
| # of Detached Garage Spaces | 10 |
| LotDimensionsSource | Assessor |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
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