129-131 W Susquehanna Ave - Apartments FOR SALE


Philadelphia, PA 19122- North Philadelphia East
$1,200,000 USD
215-608-3734
129-131 W Susquehanna Ave, Philadelphia, PA for Sale
$1,200,000 USD
Apartments - FOR SALE
1/25
null | 7.05% Cap Rate

129-131 W Susquehanna Ave
Philadelphia, PA 19122
North Philadelphia East


HIGHLIGHTS

  • 10-unit stabilized multifamily asset
  • Strong in-place income with 0% vacancy at underwriting
  • Attractive entry basis at $120,000 per unit
  • Going-in cap rate of 7.05% on in-place NOI
  • Diversified unit mix supporting tenant demand
  • Located directly on and facing Norris Square Park

OVERVIEW

129 & 131 W Susquehanna Avenue is a stabilized 10-unit multifamily investment located directly on Norris Square Park in the Norris Square section of Philadelphia. The property features a diversified unit mix and strong occupancy, generating consistent rental income with zero vacancy. At the offering price, the asset delivers an attractive going-in cap rate with additional upside through continued rent optimization, unit upgrade improvements, and long-term market appreciation. This opportunity is well-suited for both cash-flow-focused investors and value-oriented buyers seeking a stable asset in an improving Philadelphia submarket.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$218 USD /SF

# OF UNITS

10

PRICE/UNIT

$120,000

CAP RATE

7.05%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1925

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,800 SF

ZONING

RSA5

APN/PARCEL ID

881299306,881299307

ASK ABOUT THIS PROPERTY

Saam TashayyodTrophy Commercial Real EstateMore Info
215-608-3734

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Saam TashayyodTrophy Commercial Real EstateMore Info
215-608-3734

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