University City Multifamily Investment
For Sale
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3925 Haverford Ave, Philadelphia, PA 19104
34-unit apartment building in Philadelphia's 'Eds & Meds' economy.
Property Size42,256 SF
Price / SF$209.08
Days on Market243
Property Features for 3925 Haverford Ave
General Information
Standard status
Active
Size
42,256 SF
Property subtype
Multifamily
Zoning
CMX2
Occupancy
52%
Investment Type
Value Add
Site & Location
Neighborhood
West Philadelphia
Building Details
Year Built
2018
Buildings
1
Stories
4
Units
34
Listing Agency:
The Oceanside Realty Team
Listed By:
PHL · License #Pennsylvania RS316262
Source:
Crexi
Added: Feb 23
Changed: Aug 11
Last Checked: Aug 17 at 11:27AM
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 The Oceanside Realty Team
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Investment Insights
Based on property information with market context.
The Grandview West Apartments, situated in University City, Philadelphia, offer a multifamily investment opportunity. This 34-unit free-market apartment building features 138 feet of frontage and a corner location. The property is comprised of one commercial unit, one 1-bedroom unit, thirty 2-bedroom units, and two 3-bedroom units. It is walkable to HUP, UPenn, Drexel University, Amtrak's 30th Street Station, Schuylkill Yards, and the Science Center. The building includes amenities such as a fitness center, two elevators, a common green roof deck, and a residents lounge with gaming and entertainment. A 10-year tax abatement is in place through 2028. The property is located in a top-10 USA MSA for rent growth.
Key Highlights
- Prime location in University City, Philadelphia, walkable to major institutions.
- 34‑unit free‑market apartment building with a desirable unit mix.
- Class‑A amenities package including a fully‑furnished fitness center, two elevators, common green roof deck, and deluxe residents lounge.**
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$664,666
Cap Rate
7.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$13,293,320
$13.3M
Cap Rate 7%
$9,495,229
$9.5M
Cap Rate 9%
$7,385,178
$7.4M
Market Conditions
NOI Build-Up for 42,256 SF
Gross rent
$1.28M $30.36/SF
− Vacancy
−$74.4K −$1.76/SF
EGI
$1.21M $28.60/SF
− OpEx
−$543.8K −$12.87/SF
NOI
$664.7K $15.73/SF
Area
Philadelphia, PA
Vacancy
5.80%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$13,293,320
Cap Rate 7%
$9,495,229
Cap Rate 9%
$7,385,178
Alternative Uses
Best Use
Apartment 5plus
$9.50M
$8.31M – $11.08M
NOI $664,666 @ 7.0% cap · market cap 7.52%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$10.30M
$9.01M – $12.02M
NOI $721,094 @ 7.0% cap · market cap 8.16%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Open Analytics
Location Intelligence
Trade Area within ½ mile
4,762
Businesses Nearby
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Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - 34-unit apartment building in Philadelphia's 'Eds & Meds' economy.
Where is this apartment building located?
The property is located at 3925 Haverford Ave Philadelphia, PA.
What is the asking price?
The asking price for this property is $8,835,000.
What are key features of this property?
This property features: Prime location in University City, Philadelphia, walkable to major institutions.; 34‑unit free‑market apartment building with a desirable unit mix.; Class‑A amenities package including a fully‑furnished fitness center, two elevators, common green roof deck, and deluxe residents lounge.**
