Leased Eight-Unit
119 W SUSQUEHANNA AVENUE Philadelphia, PA 19122
For Sale
$2,250,000
MULTI_FAMILY - PHILADELPHIA, PA
Property Size4,500 SF
Price / SF$500
Days on Market163
Property Features for 119 W SUSQUEHANNA AVENUE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Standard status
- Active
- Size
- 4,500 SF
Building Details
- Year built
- 1915
Listing Agency:
BHHS Fox & Roach At the Harper Rittenhouse Square
(215) 546-0550
Listed By:
Reid Rosenthal · License #RS226037L
(267) 626-7613
Added: Feb 10
Changed: Jul 23
Last Checked: Jul 23 at 4:06PM
MLS# PAPH2578206
Copyright © 2026 Berkshire Hathaway HomeServices Fox & Roach, Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This eight-unit multiplex is offered for sale as a fully leased, income-producing property. The units have been recently updated, which may help reduce near-term capital expenditure. The property is described as well maintained, with modernization focused on the interior spaces.
The asset is located in Philadelphia, PA 19122. The offering materials note the property’s placement within the Norris Square neighborhood and an emphasis on continued neighborhood growth and revitalization.
With an eight-unit configuration and existing tenancy in place, the building provides a straightforward, turn-key style setup for an investor looking for immediate occupancy.
The asset is located in Philadelphia, PA 19122. The offering materials note the property’s placement within the Norris Square neighborhood and an emphasis on continued neighborhood growth and revitalization.
With an eight-unit configuration and existing tenancy in place, the building provides a straightforward, turn-key style setup for an investor looking for immediate occupancy.
Key Highlights
- 8‑unit multiplex in the Norris Square neighborhood of Philadelphia
- Fully leased property
- Year built: 1915
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $136.6k | $30.36 |
| − Vacancy | −$7.9k | −$1.76 |
| EGI | $128.7k | $28.60 |
| − OpEx | −$57.9k | −$12.87 |
| NOI | $70.8k | $15.73 |
4,500 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.01M
$884.8K – $1.18M
NOI $70,783 @ 7.0% cap · market cap 3.15%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.10M
$959.9K – $1.28M
NOI $76,792 @ 7.0% cap · market cap 3.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Fully leased eight-unit multiplex with recently updated units and a maintained property condition.
Where is this apartment building located?
The property is located at 119 W SUSQUEHANNA AVENUE Philadelphia, PA.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: 8‑unit multiplex in the Norris Square neighborhood of Philadelphia; Fully leased property; Year built: 1915
