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Modern Six-Unit Multifamily Building

PHILADELPHIA, PA 19122 Philadelphia, PA 19122

Claim this Listing
For Sale
$1,540,000

MULTI_FAMILY - PHILADELPHIA, PA

Type:Townhouse
Property size:
7,180 SF
Price / SF:
$214/SF
Added:
Apr 22, 2026
Days on Market:
80
Last Refresh:
Jul 10 at 10:06 pm

Property Features

General Information

Property type
Residential Multi Family
Property subtype
Townhouse
Standard status
Active
Size
7,180 SF

Building Details

Year built
2018

Listing agent Philly Home Advisors

Listing office BHHS Fox & Roach Center City-Society Hill PA

Listing date Apr 22, 2026

MLS# PAPH2611412

Copyright © 2026 Berkshire Hathaway HomeServices Fox & Roach, Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

Built in 2019, this modern six-unit multifamily property features contemporary interiors and in-unit laundry across a thoughtfully designed unit mix. The current configuration includes four two-bedroom, two-bath units, one three-bedroom, three-and-a-half-bath unit, and one four-bedroom, four-bath residence with private backyard access. The property is described as fully leased and professionally managed.

The offering is presented as a stabilized investment with in-place income, and the public remarks note proximity to Temple University’s main campus and access to the continued growth along North Broad Street, Fishtown, and Northern Liberties. The property is located within a Qualified Opportunity Zone.

According to the remarks, the asset generates approximately $140,580 in annual income with a projected pro forma of $145,800 and an efficient expense ratio of approximately 23%. The original ten-year tax abatement is described as having approximately three years remaining, and the offering also includes one year of free property management.

Key Highlights

  • 2018‑built six‑unit multifamily property (built in 2019 per remarks) with fully leased, professionally managed in‑place income
  • Unit mix includes four 2 bed/2 bath units, one 3 bed/3.5 bath unit, and one 4 bed/4 bath residence with private backyard access
  • Annual income of approximately $140,580 with a projected pro forma of $145,800; expense ratio of approximately 23%

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 $218.0k $30.36
− Vacancy −$12.6k −$1.76
EGI $205.3k $28.60
− OpEx −$92.4k −$12.87
NOI $112.9k $15.73
7,180 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%

Alternative Uses

Best Use
Apartment 5plus
$1.61M
$1.41M – $1.88M (±1% cap)
NOI $112,938 @ 7.0% cap · market cap 7.33%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.75M
$1.53M – $2.04M (±1% cap)
NOI $122,526 @ 7.0% cap · market cap 7.96%
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 - Built in 2019 and fully leased, the six-unit property offers in-unit laundry and a mix of two to four bedroom layouts.
Where is this apartment building located?
The property is located at Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,540,000.
What are key features of this property?
This property features: 2018‑built six‑unit multifamily property (built in 2019 per remarks) with fully leased, professionally managed in‑place income; Unit mix includes four 2 bed/2 bath units, one 3 bed/3.5 bath unit, and one 4 bed/4 bath residence with private backyard access; Annual income of approximately $140,580 with a projected pro forma of $145,800; expense ratio of approximately 23%
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