$1,499,000

Property Description

Philly CRE Advisors is pleased to present a strong, stabilized investment opportunity in one of Philadelphia's most active and rapidly transforming submarkets. Built in 2019, this modern six-unit multifamily property combines durable new construction with reliable in-place income, ideally positioned just steps from Temple University's main campus and minutes from the continued growth along North Broad Street, Fishtown, and Northern Liberties. The property is fully leased and professionally managed, offering a highly desirable unit mix that includes four two-bedroom, two-bathroom units, one three-bedroom, three-and-a-half-bathroom unit, and one expansive four-bedroom, four-bathroom residence with private backyard access. Each unit is thoughtfully designed with contemporary finishes, open-concept layouts, and in-unit laundry, catering to both Temple's student population and young professionals while supporting consistent occupancy and strong rental performance. Current rents remain below projected market levels, presenting a clear value-add opportunity through lease turnover, renewals, and strategic rent increases. The asset currently generates approximately $140,580 in annual income, all while maintaining an efficient expense ratio of approximately 23%. Additionally, there are approximately three years remaining on the original ten-year tax abatement, providing meaningful near-term expense savings and enhanced cash flow. From a broader market perspective, the location continues to benefit from Temple University's ongoing campus expansion, sustained redevelopment along the North Broad corridor, and the continued momentum of nearby Fishtown and Northern Liberties. This convergence has driven increased investor demand, rising rental rates, and long-term appreciation across the surrounding neighborhoods. The property is also located within a Qualified Opportunity Zone, offering potential tax advantages for investors seeking to maximize after-tax returns. Capitalize on this exceptional opportunity to acquire a turnkey, high-yield investment with strong in-place cash flow and long-term appreciation potential.

Property Facts & Features

Property Type

Multi Family

Status

Active

Listed

Sep 10, 2026

Price per Sq Ft

$209/sqft

ZIP Code

19122

Heating

Central

Cooling

Central A/C

Construction

Masonry

Property Tax (2026)

$1,295/yr

Assessed Value

$925,200

Last Sold

$45,000 · Jun 3, 2008

Neighborhood

Hartranft

County

Philadelphia

School District

The School District of Philadelphia

Features & Amenities

Location

Lat 39.98082 · Lng -75.14596