1327-29 1327-29 N 18th St - Apartments FOR SALE


Philadelphia, PA 19121- North Philadelphia West
$950,000 USD
215-607-6007
1327-29 1327-29 N 18th St, Philadelphia, PA for Sale
$950,000 USD
Apartments - FOR SALE
1/20
null | 12.83% Cap Rate

1327-29 1327-29 N 18th St
Philadelphia, PA 19121
North Philadelphia West


HIGHLIGHTS

  • Projected Gross Income: $156,000 annually
  • Stabilized Value @ 7.5% Cap: $1,625,360
  • Builder & Management Company Ready
  • $222,000 to finish the project

OVERVIEW

5-Unit Build | 85% Complete | 11.79% Cap |FULL 10-Yr Tax Abatement Investor alert: a rare value-add opportunity just steps from the thriving Francisville corridor. Welcome to 1327-29 N 18th Street, a newly built 5-unit multifamily property offering over 8,100 sq ft of thoughtfully designed living space. Currently 85% complete, this project presents a unique opportunity to acquire new construction at a discount—with FULL 10-year tax abatement and projected double-digit cap rate upon stabilization. Each of the five oversized 3-bedroom, 3-bathroom units is optimized for student housing or co-living, with large bedrooms, private balconies, a shared roof deck, and in-unit laundry. Investment Snapshot: Projected Gross Income: $156,000 annually Projected NOI: $129,702 Estimated Cap Rate (Stabilized): 10.40% Stabilized Value @ 7.5% Cap: $1,625,360 OM has detailed construction budget Turnkey Support Included: - A reputable, high-quality builder is ready to complete the remaining $222,000 worth of work *OM has detailed construction budget* - A trusted, professional property management company is on standby to lease and manage the building upon completion - Pro forma and floor plans available upon request Perfectly positioned off the main Francisville corridor, this building sits near universities, public transit, and major redevelopment zones—ensuring long-term tenant demand and appreciation potential. Don’t miss your chance to own a high-yield, tax-abated building in one of Philadelphia’s fastest-growing neighborhoods. Reach out today to walk the site and secure this rare opportunity.

FOR SALE DETAILS

PRICE

$950,000 USD

PRICE/SF

$116 USD /SF

# OF UNITS

5

PRICE/UNIT

$190,000

CAP RATE

12.83%

% LEASED

0%

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Francisville | 5 Unit | 85% Complete

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2025

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,179 SF

ZONING

-

APN/PARCEL ID

471288610,885000149

ASK ABOUT THIS PROPERTY

Rich CassellKW EmpowerMore Info
215-607-6007

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Rich CassellKW EmpowerMore Info
215-607-6007

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