$1,578,000 USD
267-934-8345
319 S 12th St
Philadelphia, PA 19107
Midtown Village
HIGHLIGHTS
- Prime Center City Location – Steps from Reading Terminal Market, Pennsylvania Convention Center, and major historic landmarks.
- Turnkey Investment – 3,975 SF, fully leased building on a 0.04-acre lot, zoned RM1, with strong in-place and pro forma returns.
- Historic & Well-Maintained – Solid brick construction with character, delivering a 6.00% cap rate.
- Attractive Price – $1,578,000 for a stabilized 8-unit multifamily asset.
OVERVIEW
LOCATION DESCRIPTION
319 S 12th St is an 8-unit multifamily in Center City Philadelphia producing a 6.35% cap rate with in-place cash flow and significant upside. Below-market rents offer value-add potential through renovations and lease adjustments. This stabilized asset benefits from consistent occupancy, strong tenant demand, and minimal deferred maintenance. OM and rent roll available upon request.
Other Available Properties:
https://www.loopnet.com/Listing/1113-1115-Spruce-St-Philadelphia-PA/36175031/
https://www.loopnet.com/Listing/319-S-12th-St-Philadelphia-PA/36177097/
https://www.loopnet.com/Listing/238-S-22nd-St-Philadelphia-PA/36177193/
https://www.loopnet.com/Listing/Mix-Use-Building-with-Townhouse/36376035/
FOR SALE DETAILS
PRICE
$1,578,000 USD
PRICE/SF
$397 USD /SF
# OF UNITS
8
PRICE/UNIT
$197,250
CAP RATE
6%
% LEASED
100%
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
8 units multi family
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
ADD'L SUBTYPES
Dormitory
TOTAL BUILDING SIZE
-
STORIES
4
YEAR BUILT
1890
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.04 AC
LAND SF
1,742 SF
ZONING
RM1
APN/PARCEL ID
881513700
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267-934-8345
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267-934-8345
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