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172-Unit Apartment Portfolio
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1231 Belmont Avenue, Philadelphia, PA 19104

A 16-property rental collection offers four apartment layouts across a concentrated West Philadelphia footprint.

Property SizeContact for details
Days on Market12

Property Features for 1231 Belmont Avenue

General Information

Standard status Active
Property subtype Multifamily

Additional Details

Average Monthly Rent $1,575
Public Transit Yes
Multifamily Units 172

Building Details

Buildings 16
Listed By: Christopher Farmer · License #RS331174
Source: Crexi
Added: Sep 16 Changed: Sep 27 Last Checked: Sep 26 at 4:25AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Christopher Farmer

Investment Insights

Based on property information with market context.

This apartment portfolio comprises 172 units across 16 properties in West Philadelphia. The unit mix includes studios and one-, two-, and three-bedroom apartments. Properties are situated primarily along North 40th Street, North 41st Street, Belmont Avenue, and Fairmount Avenue.

The portfolio is near University City and Center City, with access to local transit, neighborhood retail, and dining. Nearby educational and medical institutions include the University of Pennsylvania, Drexel University, Penn Medicine, and Children's Hospital of Philadelphia.

Key Highlights

  • 172 apartments across 16 properties
  • Unit mix includes studio, one‑bedroom, two‑bedroom, and three‑bedroom layouts
  • Properties are concentrated primarily along North 40th Street, North 41st Street, Belmont Avenue, and Fairmount Avenue

Property Analytics

Current Use

The Belmont Works Apartment Building

Suggested Use

Top Pick Law Firm Real Estate Agency Accounting Firm Electrical Service HVAC Service Dental Office

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

172
Residential units

Location Intelligence

Trade Area within ½ mile

855
Businesses Nearby

Demographics for 19104, PA

56,839
Population
23,888
Households
2.4
Avg Household Size
26
Median Age
47%
College-Educated
90%
High-School Grad
3.1 sq mi
ZIP Area
18,335
Density / Sq Mi
$39,526
Median Household Income
$18,420
Median Earnings
$1,329
Median Rent
$268,200
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - A 16-property rental collection offers four apartment layouts across a concentrated West Philadelphia footprint.
Where is this apartment building located?
The property is located at 1231 Belmont Avenue Philadelphia, PA.
What are key features of this property?
This property features: 172 apartments across 16 properties; Unit mix includes studio, one‑bedroom, two‑bedroom, and three‑bedroom layouts; Properties are concentrated primarily along North 40th Street, North 41st Street, Belmont Avenue, and Fairmount Avenue
More about this property
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