1121 Walnut St - Apartments FOR SALE


Philadelphia, PA 19107- Midtown Village
$2,875,000 USD
215-990-9525
1121 Walnut St, Philadelphia, PA for Sale
$2,875,000 USD
Apartments - FOR SALE
1/19
null | 6.74% Cap Rate

1121 Walnut St
Philadelphia, PA 19107
Midtown Village


OVERVIEW

Prime Multi-Residence Investment in the Heart of Midtown Philadelphia – 1121 Walnut Street An extraordinary investment opportunity at 1121 Walnut Street, a fully occupied and impeccably renovated multi-residence with two 2-bedrooms, two baths, and 2 1-bedrooms, one bath, as well as a retail space property situated in the vibrant core of Midtown Philadelphia. Nestled within one of the city’s fastest-growing districts, this premier CMX5-zoned asset places you at the crossroads of luxury development, world-class hospitality, major medical institutions, and the bustling Convention Center. This dynamic mixed-use property blends modern residential living with established commercial tenancy, featuring four recently reimagined apartments above a flagship restaurant that anchors the ground floor. Together, they deliver a diversified, dependable, and high-yielding income stream. With a cap rate exceeding 7%, this turnkey property provides immediate returns while maintaining significant long-term upside through its CMX5 zoning potential—offering avenues for vertical expansion, repositioning, or full-scale redevelopment or simply high yield returns established. Investment Highlights Turnkey Performance: 100% occupancy with stable, long-term tenants Diversified Income: Balanced mix of residential and commercial for security and growth Modern Appeal: Professionally renovated, stylish apartments with strong rental demand Future-Proof Zoning: CMX5 designation opens doors to expansion and redevelopment Unbeatable Location: Walkable to premier dining, retail, cultural institutions, transit, and arts venues, Jefferson Hospital & Convention Center Robust Yield: Cap rate above 7% ensures both cash flow and appreciation potential Owner Financing Available: Flexible terms create an exceptional advantage Property lot size 21 X 133 or 2.793 sf Whether you’re a seasoned investor seeking a secure, income-generating asset or a visionary buyer ready to capitalize on Midtown’s explosive momentum, 1121 Walnut Street stands as a rare opportunity to anchor yourself in Philadelphia’s thriving urban renaissance. This isn’t just an acquisition—it’s a strategic foothold in the city’s most exciting corridor of growth. See attached brochure for details...

FOR SALE DETAILS

PRICE

$2,875,000 USD

PRICE/SF

$473 USD /SF

# OF UNITS

5

PRICE/UNIT

$575,000

CAP RATE

6.74%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,688 SF

ZONING

CMX-5

APN/PARCEL ID

871011000

ASK ABOUT THIS PROPERTY

Bruno PougetCOMPASSMore Info
215-990-9525

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Bruno PougetCOMPASSMore Info
215-990-9525

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.