2015 Walnut St - Apartments FOR SALE


Philadelphia, PA 19103- Center City West
$2,800,000 USD
215-608-3734
2015 Walnut St, Philadelphia, PA for Sale
$2,800,000 USD
Apartments - FOR SALE
1/17
null | 6.72% Cap Rate

2015 Walnut St
Philadelphia, PA 19103
Center City West


HIGHLIGHTS

  • STRONG IN-PLACE CASH FLOW – In-place NOI of approximately $188,056, providing immediate and durable income.
  • CORE RITTENHOUSE SQUARE LOCATION – Situated on Walnut Street within walking distance to Center City employment, dining, and public transit.
  • MIXED-USE INCOME STREAM – Eight residential units complemented by a ground-floor retail space, offering diversified revenue.
  • ATTRACTIVE UNIT MIX – Combination of one- and two-bedroom layouts with competitive in-place rents.
  • FINANCING-FRIENDLY PROFILE – Supports conventional financing with a 1.33x DSCR, enhancing lender appeal.

OVERVIEW

We are is pleased to present the exclusive offering of 2015 Walnut Street, a nine-unit mixed-use multifamily property located in the heart of Philadelphia’s Rittenhouse Square submarket. The property consists of eight residential units and one ground-floor retail space, totaling approximately 6,354 rentable square feet. The asset is currently stabilized and generates an in-place Net Operating Income (NOI) of approximately $188,056. At the offering price of $2,800,000, the property offers a 6.72% going-in cap rate, supported by strong in-place cash flow and long-term durability driven by its premier location.

FOR SALE DETAILS

PRICE

$2,800,000 USD

PRICE/SF

$316 USD /SF

# OF UNITS

9

PRICE/UNIT

$311,111

CAP RATE

6.72%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

1840

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,178 SF

ZONING

C4, Philadelphia

APN/PARCEL ID

881026012

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.