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25-Unit Multifamily Development Opportunity
For Sale
$325,000

6007-11 Hazel Avenue, Philadelphia, PA 19143

Zoning-approved plan for a four-story, 25-unit residential building with a studio to two-bedroom mix.

Property SizeContact for details
Days on Market51

Property Features for 6007-11 Hazel Avenue

General Information

Standard status Active
Property subtype Multifamily

Additional Details

Opportunity Zone Yes
Multifamily Units 25

Building Details

Year Built 1925
Stories 4
Listing Agency: Mallin Panchelli Nadel Realty Inc
Listed By: Samantha Miller · License #RS352351
Source: Mpnrealty
Added: Jun 24 Changed: Aug 7 Last Checked: Aug 12 at 5:12AM

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 Mallin Panchelli Nadel Realty Inc

Investment Insights

Based on property information with market context.

6007–6011 Hazel Avenue (also known as Hazel Homes) presents a zoning-approved, 25-unit multifamily development opportunity. The approved plan calls for a four-story residential building with unit mix comprised of 5 studios, 8 one-bedroom/one-bath units, and 12 two-bedroom/two-bath units.

The property is located within a Qualified Opportunity Zone and is outside of the MIN overlay. It is situated along Hazel Avenue, in an area characterized by ongoing multifamily and mixed-use development, with accessibility to major employment centers including the University of Pennsylvania, transit, and local amenities. Cobbs Creek Golf Course is noted as being just blocks away.

For investors and developers, this offering includes available development documentation such as lot consolidation, a geotechnical report, ERSA, ROW materials, a stormwater plan, and a tree replacement plan. Buyers can review the provided materials to evaluate the approved residential concept and the next steps associated with the development package.

Key Highlights

  • Zoning‑approved plan for a four‑story, 25‑unit residential building at 6007–6011 Hazel Avenue (Hazel Homes)
  • Proposed unit mix: 5 studios, 8 one‑bedroom/1‑bath, and 12 two‑bedroom/2‑bath
  • Located within a Qualified Opportunity Zone (QOZ)

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Gym & Fitness Center Skin Care Clinic HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

25
Residential units

Location Intelligence

Trade Area within ½ mile

1,171
Businesses Nearby

Demographics for 19143, PA

64,648
Population
31,391
Households
2.1
Avg Household Size
36
Median Age
32%
College-Educated
91%
High-School Grad
3.1 sq mi
ZIP Area
20,854
Density / Sq Mi
$47,964
Median Household Income
$38,189
Median Earnings
$1,235
Median Rent
$152,000
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Zoning-approved plan for a four-story, 25-unit residential building with a studio to two-bedroom mix.
Where is this apartment building located?
The property is located at 6007-11 Hazel Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Zoning‑approved plan for a four‑story, 25‑unit residential building at 6007–6011 Hazel Avenue (Hazel Homes); Proposed unit mix: 5 studios, 8 one‑bedroom/1‑bath, and 12 two‑bedroom/2‑bath; Located within a Qualified Opportunity Zone (QOZ)
More about this property
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