Twelve-Unit Multifamily
5982-84 Henry Avenue Philadelphia, PA 19128
5982-84 Henry Avenue, Philadelphia, PA, 19128
$783,333
For Sale
$783,333
Three-building 12-unit portfolio with in-unit washer/dryer, separate utilities, dedicated storage, and 1-car garages.
Property Size3,192 SF
Price / SF$245.41
Days on Market17
Property Features for 5982-84 Henry Avenue
General Information
- Standard status
- Active
- Size
- 3,192 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1930
Listing agency
Coldwell Banker Realty
(267) 606-8502
Listed by
Keith M Stallone · License #RS326084
(267) 606-8502
Source
Compass
Added: Jul 7 Updated: Jul 22 at 10:53AM Checked: Jul 22 at 10:53AM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This offering is a three-building multifamily package totaling 12 units. The portfolio includes eight 2-bedroom units and four 1-bedroom units, with every unit featuring separate utilities, dedicated storage, an in-building washer/dryer, and a dedicated 1-car garage.
All units are currently occupied and rents are fully up to date. The seller states all licenses are up to date with the City of Philadelphia. Listing agent presence is required for showings, and POF or pre-approval is required prior to any scheduled showing.
The properties are located in Roxborough and are described as having access to Manayunk, Wissahickon Park, Center City, the Main Line, and public transit. Transportation information provided includes a bus stop less than 1 mile, a commuter rail station less than 1 mile, and an airport less than 10 miles.
All units are currently occupied and rents are fully up to date. The seller states all licenses are up to date with the City of Philadelphia. Listing agent presence is required for showings, and POF or pre-approval is required prior to any scheduled showing.
The properties are located in Roxborough and are described as having access to Manayunk, Wissahickon Park, Center City, the Main Line, and public transit. Transportation information provided includes a bus stop less than 1 mile, a commuter rail station less than 1 mile, and an airport less than 10 miles.
Key Highlights
- 12‑unit multifamily portfolio sold as a 3‑building package: 5986‑5988 and 5994‑5996 Henry Ave
- Unit mix includes eight 2‑bedroom units and four 1‑bedroom units
- Each unit has separate utilities, dedicated storage, and in‑building washer/dryer
Local 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 | $96.9k | $30.36 |
| − Vacancy | −$5.6k | −$1.76 |
| EGI | $91.3k | $28.60 |
| − OpEx | −$41.1k | −$12.87 |
| NOI | $50.2k | $15.73 |
3,192 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$717.3K
$627.6K – $836.8K
NOI $50,209 @ 7.0% cap · market cap 6.41%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$778.2K
$680.9K – $907.9K
NOI $54,471 @ 7.0% cap · market cap 6.95%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Three-building 12-unit portfolio with in-unit washer/dryer, separate utilities, dedicated storage, and 1-car garages.
Where is this apartment building located?
The property is located at 5982-84 Henry Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $783,333.
What are key features of this property?
This property features: 12‑unit multifamily portfolio sold as a 3‑building package: 5986‑5988 and 5994‑5996 Henry Ave; Unit mix includes eight 2‑bedroom units and four 1‑bedroom units; Each unit has separate utilities, dedicated storage, and in‑building washer/dryer
