12-Unit Multifamily
5986-88 Henry Avenue Philadelphia, PA 19128
For Sale
$783,333
Three-building 12-unit portfolio with dedicated storage, in-building washer/dryer, and a 1-car garage for each unit.
Property Size3,192 SF
Price / SF$245.41
Days on Market17
Property Features for 5986-88 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
Changed: Jul 21
Last Checked: Jul 23 at 9:34AM
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 12-unit multifamily portfolio is offered as a 3-building package deal. The collection includes eight 2-bedroom units and four 1-bedroom units. Each unit features separate utilities, dedicated storage, an in-building washer/dryer, and a dedicated 1-car garage. The buildings are described as meticulously maintained, and all units are currently occupied with rents fully up to date. City of Philadelphia licenses are reported to be up to date as well.
The package includes 5986-88 Henry Avenue along with 5982-84 and 5994-96 Henry Avenue (referenced in the remarks by MLS#PAPH2647468 and MLS#PAPH2647572). The location is presented as Roxborough with seamless access to Manayunk, Wissahickon Park, Center City, the Main Line, and public transit.
Showings require the listing agent to be present, and proof of funds or pre-approval is required before any scheduled showing.
The package includes 5986-88 Henry Avenue along with 5982-84 and 5994-96 Henry Avenue (referenced in the remarks by MLS#PAPH2647468 and MLS#PAPH2647572). The location is presented as Roxborough with seamless access to Manayunk, Wissahickon Park, Center City, the Main Line, and public transit.
Showings require the listing agent to be present, and proof of funds or pre-approval is required before any scheduled showing.
Key Highlights
- 12‑unit multifamily portfolio sold exclusively as a 3‑building package: 5982‑84 and 5994‑96 Henry Ave (MLS# PAPH2647468, PAPH2647572)
- Unit mix includes eight 2‑bedroom units and four 1‑bedroom units
- Each unit has separate utilities, dedicated storage, and an in‑building washer/dryer
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
Apartment buildings
FAQs
What type of property is this?
Apartment building - Three-building 12-unit portfolio with dedicated storage, in-building washer/dryer, and a 1-car garage for each unit.
Where is this apartment building located?
The property is located at 5986-88 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 exclusively as a 3‑building package: 5982‑84 and 5994‑96 Henry Ave (MLS# PAPH2647468, PAPH2647572); Unit mix includes eight 2‑bedroom units and four 1‑bedroom units; Each unit has separate utilities, dedicated storage, and an in‑building washer/dryer
