2401 Washington Ave - Apartments FOR SALE


Philadelphia, PA 19146- Southwest Center City
$2,300,000 USD
845-323-9177
2401 Washington Ave, Philadelphia, PA for Sale
$2,300,000 USD
Apartments - FOR SALE
1/107
null | 7.03% Cap Rate

2401 Washington Ave
Philadelphia, PA 19146
Southwest Center City


OVERVIEW

2412 Innovator Way | Philadelphia, PA 19146 4-Unit Luxury Multifamily | New Construction | 7% CAP | 4-Car Parking | Fully Stabilized Exceptional opportunity to acquire a newly built 4-unit luxury multifamily asset in one of Philadelphia’s fastest-growing submarkets. Each unit is a large 3-bedroom layout with premium finishes, private parking, and modern design—ideal for professional tenants seeking high-end living near Center City. Total Rent Roll: $180,600 / yr (includes parking & utility reimbursements) Annual Expenses: ± $19,000 Net Operating Income: ± $161,600 Asking Price: $2,300,000 Cap Rate: ~7.0% This turnkey investment offers immediate cash flow, low maintenance exposure, and strong appreciation potential within the 19146 corridor. With all units leased and stabilized, investors benefit from predictable income and premium build quality in a supply-constrained rental market. Highlights: Four (4) 3-Bedroom Units | Avg Size: 1,500 SF+ Four (4) Garage Parking Spaces Modern Kitchens | Roof Deck | Bi-Level Floorplans Delivered 2023 | Condo-Quality Construction Prime Location – minutes to University City, Rittenhouse, and major transit Offered at $2.3M | 7% Cap | Fully Stabilized Asset Inquire within for rent roll, lease abstracts, and financials.

FOR SALE DETAILS

PRICE

$2,300,000 USD

PRICE/SF

$22 USD /SF

# OF UNITS

4

PRICE/UNIT

$575,000

CAP RATE

7.03%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Innovator Village

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

2023

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.51 AC

LAND SF

65,776 SF

ZONING

IRMX

APN/PARCEL ID

141000028,302309400,881140002

ASK ABOUT THIS PROPERTY

Jason HorowitzTriforce Commercial Real Estate LLCMore Info
845-323-9177

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Jason HorowitzTriforce Commercial Real Estate LLCMore Info
845-323-9177

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