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    1901 Tioga St Philadelphia, PA 19140

    Sponsored
    For Sale
    $1,900,000

    20-Unit Philadelphia Apartment Building

    Property size:
    37,183 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Philadelphia investment opportunity presents a unique 37,183 square foot multifamily property, encompassing two distinct buildings on a 0.46-acre lot. Formerly a school and church, this mixed-use building offers immense potential for redevelopment. The four-story former school building features spacious classrooms on each floor, bathrooms on every level, a large kitchen, and a smaller kitchenette on the top floor. High ceilings (10 feet) and abundant natural light enhance its historic charm. The former church, currently a gym, boasts a modern HVAC system, two floors, two stages, two full-sized basketball courts, and a basement area. The property includes 10 parking spaces in a fenced lot. Located in Philadelphia's Tioga neighborhood, near new construction and updated buildings, this property is zoned RSA3 and offers ample office space. The building's size and layout present significant opportunities for conversion into additional residential units, capitalizing on the high ceilings and large windows. This fee-simple ownership offers a rare chance to acquire a piece of Philadelphia history and contribute to the neighborhood's revitalization. The asking price is $1,900,000, with a price per square foot of $51.10. Built in 1922, this property's APN is 776278000. The address is 1901 W Tioga St, Philadelphia, PA 19140.

    Property Features for 1901 Tioga St

    General Information

    Property type
    Multifamily properties
    Square Feet
    37,183 SF
    Lot Size
    20,038 SF

    Building Details

    Year Built
    1922
    Units
    20

    HighLights

    • $1,900,000 asking price for a 37,183 sq ft multifamily mixed‑use property.
    • 20‑unit apartment building.
    • Located at 1901 W Tioga St, Philadelphia, PA 19140.
    • Built in 1922, with 10 parking spaces on a 0.46‑acre lot.
    • Features two buildings: a former school and a former church (currently a gym).
    Property Profile Location Intelligence

    Current Use by Public Records

    Peña Toribio Grocery Grocery Store City Athletics, Inc. Gym spinthick.wbritt Fitness Center

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Philadelphia
    State
    Pennsylvania
    Longitude
    -75.1600562
    Latitude
    40.0074773

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    FAQs

    What type of property is this?
    Multifamily property - 20-Unit Philadelphia Apartment Building
    Where is this multifamily property located?
    The property is located at 1901 Tioga St Philadelphia, PA.
    What is the asking price?
    The asking price for this property is $1,900,000.
    What are key features of this property?
    This property features: $1,900,000 asking price for a 37,183 sq ft multifamily mixed-use property.; 20-unit apartment building.; Located at 1901 W Tioga St, Philadelphia, PA 19140.
    Request Owner's contact information
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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
    1901 Tioga St Philadelphia, PA 19140
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