Philadelphia Family Housing Portfolio
1711 W Montgomery Ave, Philadelphia, PA 19121
83 units, 284 beds, significant discount, below market rents.
Type:Multifamily
- Added:
- Feb 26, 2026
- Days on Market:
- 75
- Last Refresh:
- Mar 17 at 1:17 pm
Property Features for 1711 W Montgomery Ave
General Information
- Standard status
- Active
- Property subtype
- Multifamily
Listing agent Adam Gillespie License #PA RS293296
Listing office Avison Young - Suburban Philadelphia
Listing date Feb 26, 2026
Source Crexi
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
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.
- Operational efficiencies and management economies of scale due to properties being within a five‑minute walk of each other.
- Potential to increase rental income by transitioning from student housing to Section 8, with significantly higher rental rates.
- Diverse unit mix (one- to seven‑bedroom units) with desirable features, including hardwood flooring, granite countertops, stainless steel appliances, contemporary cabinetry, and in‑unit washers and dryers.
Overview
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.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.1627563
- Latitude
- 39.981083
Nearby Similar for Sale
FAQs
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.
