$825,000

Property Description

Rare opportunity to acquire a fully leased, renovated 5-unit multifamily property in Philadelphia's desirable Graduate Hospital neighborhood. This 3-story, approximately 2,064 SF building consists of five studio apartments and underwent significant renovations in 2021. The property is zoned RM-1 and offers investors a stabilized, turnkey asset in a highly walkable Center City-adjacent location with convenient access to Rittenhouse Square, major employment centers, hospitals, universities, public transportation, dining, shopping and neighborhood amenities. The current rent roll totals approximately $6,325 per month / $75,900 annually, with all five apartments currently leased through August 31, 2027, providing immediate in-place cash flow and limited near-term leasing exposure. Based on the latest operating statement, annual operating expenses are approximately $20,357, resulting in an indicated NOI of approximately $55,543. At the $825,000 asking price, this represents an approximately 6.73% going-in cap rate. An attractive opportunity for an investor seeking a manageable multifamily asset with renovated units, established income and long-term appreciation potential in one of Philadelphia's most sought-after residential rental markets. Buyer to independently verify all property information, zoning, leases, expenses and financial data.

Property Facts & Features

Property Type

Multi Family

Status

For Sale

Listed

Sep 13, 2026

Price per Sq Ft

$400/sqft

ZIP Code

19146

Parking

Off Street

Heating

Forced Air

Construction

Masonry

Neighborhood

Graduate Hospital

County

Philadelphia

School District

The School District of Philadelphia

Features & Amenities

Location

Lat 39.94364 · Lng -75.17128