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    3503 Midvale Ave Philadelphia, PA 19129

    Sponsored
    For Sale
    $10,500,000

    34 Units, Prime Philadelphia Location

    Property size:
    30,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    The Grace, a stunning Class A apartment building in Philadelphia's desirable East Falls neighborhood, presents a unique investment opportunity. This newly constructed (2024) five-story building boasts 30,000 square feet and comprises 34 units, currently enjoying 100% occupancy. The units are a mix of studios, one-bedroom, and two-bedroom apartments, catering to a diverse range of residents. Residents enjoy access to a fully furnished fitness center and a panoramic rooftop terrace offering breathtaking views. Situated on Midvale Avenue, the property benefits from a quiet, residential setting while being conveniently close to shops, restaurants, and public transportation, including easy access to the Schuylkill River Trail and Septa's regional rail station. Its location offers proximity to Jefferson University, Wissahickon Valley Park, and the bustling Main Street Manayunk and Bala Cynwyd areas. The property is zoned CMX25 and features a significant advantage: a 10-year tax abatement, minimizing expenses and maximizing returns. The asking price is $10,500,000, translating to $350 per square foot and $308,823.53 per unit. This represents a stabilized investment in a submarket with high barriers to entry and significant potential for future rent growth and appreciation. The buyer is responsible for verifying all taxes, financials, and square footage details. A 48-hour notice is required for property tours.

    Property Features for 3503 Midvale Ave

    General Information

    Property type
    Multifamily properties
    Square Feet
    30,000 SF
    Class
    A

    Building Details

    Year Built
    2024
    Buildings
    1
    Stories
    5
    Units
    34

    HighLights

    • Class A Office Amenities
    • 10‑Year Tax Abatement
    • Boutique, High‑Quality Investment Property
    • Limited Supply, High‑Barrier‑to‑Entry Submarket
    • Stabilized Investment Opportunity
    • Brand New Construction
    Property Profile Location Intelligence

    Current Use by Public Records

    The Grace Apartments Apartment Building

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Philadelphia
    State
    Pennsylvania
    Longitude
    -75.1923367
    Latitude
    40.0138804

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    FAQs

    What type of property is this?
    Multifamily property - 34 Units, Prime Philadelphia Location
    Where is this multifamily property located?
    The property is located at 3503 Midvale Ave Philadelphia, PA.
    What is the asking price?
    The asking price for this property is $10,500,000.
    What are key features of this property?
    This property features: Class A Office Amenities; 10-Year Tax Abatement; Boutique, High-Quality Investment Property
    Request Owner's contact information
    3503 Midvale Ave Philadelphia, PA 19129
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3503 Midvale Ave Philadelphia, PA 19129
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