4200 Ludlow St - Apartments FOR SALE


Philadelphia, PA 19104- Spruce Hill
$29,200,000 USD
215-454-2879
4200 Ludlow St, Philadelphia, PA for Sale
$29,200,000 USD
Apartments - FOR SALE
1/9
null | 6% Cap Rate

4200 Ludlow St
Philadelphia, PA 19104
Spruce Hill


OVERVIEW

A flagship "Scale Asset" with 96 units and 211 beds. This five-story residential complex is the primary driver of NOI growth. The transition of its 4x4 townhomes to "deluxe" status is the single most impactful move in the August 2026 renovation schedule. Positioned on a prominent corner at 42nd & Ludlow Streets, this 2018-build features a Luxor Package System, electric car charging, and an on-site gym. The property offers a “Smart Apartment" experience with Nest Bluetooth thermostats and high-end architectural finishes.

FOR SALE DETAILS

PRICE

$29,200,000 USD

PRICE/SF

$180 USD /SF

# OF UNITS

96

PRICE/UNIT

$304,167

CAP RATE

6%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

42nd and Ludlow

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

2018

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.47 AC

LAND SF

20,473 SF

ZONING

CMX4

APN/PARCEL ID

881442747

ASK ABOUT THIS PROPERTY

215-454-2879

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215-454-2879

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