Philadelphia Family Housing Portfolio
For Sale
Contact for pricing
Pending
1711 W Montgomery Ave, Philadelphia, PA 19121
83 units, 284 beds, significant discount, below market rents.
Property SizeContact for details
Days on Market169
Property Features for 1711 W Montgomery Ave
General Information
Standard status
Pending
Class
B
Property subtype
Multifamily
Occupancy
57%
Investment Type
Value Add
Building Details
Year Built
2012
Buildings
28
Units
83
Listing Agency:
Avison Young - Suburban Philadelphia
Listed By:
Adam Gillespie · License #PA RS293296
Source:
Crexi
Added: Feb 26
Changed: Aug 8
Last Checked: Aug 13 at 11:37AM
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 Avison Young - Suburban Philadelphia
Investment Insights
Based on property information with market context.
The Philadelphia Family Housing Portfolio offers an opportunity to acquire 83 units, totaling 284 beds, across 28 separate addresses in Philadelphia, PA. The properties include one- to seven-bedroom units, all located within a five-minute walk of each other. The current owner has invested approximately $1,500,000 in property improvements and repairs, including new roofs, mechanical systems, portfolio-wide electronic access keypads, and unit renovations. No near-term capital improvements are anticipated. The unit mix and infill location provide optionality for investors. The portfolio is currently leased primarily to students; however, Section 8 rental rates exceed in-place rents significantly, with stronger market demand for Section 8 renters seeking larger units with convenient access to public transportation. Each unit features hardwood flooring, granite countertops, stainless steel appliances, contemporary cabinetry, and in-unit washers and dryers. The portfolio offers an opportunity to acquire scale at a discount to replacement cost, with in-place rents significantly below market for affordable housing in the area.
Key Highlights
- Significant discount to replacement cost with in‑place rents below market for affordable housing.
- $1,500,000 invested in recent property improvements and repairs, including new roofs, mechanical systems, electronic access keypads, and unit renovations; no near‑term capital improvements anticipated.
- Portfolio of 83 units (284 beds) across 28 separate addresses, offering meaningful scale.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,065
Businesses Nearby
Explore this area
Business Placement
Demographics for 19121, PA
41,799
Population
19,673
Households
2.1
Avg Household Size
28
Median Age
25%
College-Educated
84%
High-School Grad
2.4 sq mi
ZIP Area
17,416
Density / Sq Mi
$36,208
Median Household Income
$29,915
Median Earnings
$1,082
Median Rent
$250,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - 83 units, 284 beds, significant discount, below market rents.
Where is this apartment building located?
The property is located at 1711 W Montgomery Ave Philadelphia, PA.
What are key features of this property?
This property features: Significant discount to replacement cost with in‑place rents below market for affordable housing.; $1,500,000 invested in recent property improvements and repairs, including new roofs, mechanical systems, electronic access keypads, and unit renovations; no near‑term capital improvements anticipated.; Portfolio of 83 units (284 beds) across 28 separate addresses, offering meaningful scale.
