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Bought with NON MEMBER • Non Subscribing Office
$ 230,000
$ 230,000
1,116 SqFt
$ 230,000
$ 230,000
1,116 SqFt
Key Details
Sold Price $230,000
Property Type Multi-Family
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 1,116 sqft
Price per Sqft $206
MLS Listing ID PAPH2519540
Sold Date 03/12/26
Style Unit/Flat
Abv Grd Liv Area 1,116
Year Built 1925
Annual Tax Amount $1,324
Tax Year 2024
Lot Size 775 Sqft
Acres 0.02
Lot Dimensions 16.00 x 50.00
Property Sub-Type Other
Source BRIGHT
Property Description
INTRODUCING: The West Philly Park Portfolio — a rare opportunity to acquire up to thirty-nine (39) total units offering an in-place 9.5% stabilized cap rate, located just outside of University City — one of the most dynamic growth corridors in the United States. Situated within a Top-10 MSA for both population and life sciences, this portfolio lies in the heart of Philadelphia's renowned “Eds & Meds” economy, surrounded by billions of dollars in active development. Nearby anchors include Schuylkill Yards, the Science Center, CHOP, HUP, and Amtrak's 30th Street Station.
The portfolio spans ten (10) properties totaling approximately ±35,000 square feet, concentrated within a walkable five-block stretch along the high-traffic 52nd Street corridor, between Market Street and Larchwood Avenue. Each building features a mix of ground-floor commercial units with residential apartments above, many of which were comprehensively renovated in the early 2020s. Upgrades include LVP flooring, shaker cabinetry, granite countertops, in-unit washer/dryers, modern fire and sprinkler systems, central air, and contemporary finishes throughout.
The offering includes multiple park-front, corner, and contiguous parcels, with strong tenant demand driven by proximity to the University of Pennsylvania, Drexel University, and leading healthcare and innovation institutions. This is a rare chance to acquire turnkey assets in one of Philadelphia's most promising submarkets.
Detailed financials available upon request.
Location
State PA
County Philadelphia
Area 19139 (19139)
Zoning CMX2
Interior
Hot Water Natural Gas
Heating Other
Cooling Central A/C
Fireplace N
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Private Pool No
Building
Above Ground Finished SqFt 1116
Sewer Public Sewer
Water Public
Architectural Style Unit/Flat
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 871581280
Ownership Fee Simple
SqFt Source 1116
Special Listing Condition Standard
Nearby Locations
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12 Terry Drive Suite 204, Newtown, Pennsylvania 18940, United States