4938-40 4938-40 Penn Street - Multi-Family FOR SALE


Philadelphia, PA 19124- Frankford
$600,000 USD
215-608-3734
4938-40 4938-40 Penn Street, Philadelphia, PA for Sale
$600,000 USD
Multi-Family - FOR SALE
1/5
null | 8.06% Cap Rate

4938-40 4938-40 Penn Street
Philadelphia, PA 19124
Frankford


HIGHLIGHTS

  • Delivered fully leased with $6,625/month in rental income
  • Separate utilities and modern mechanical systems
  • Strong in-place returns: 8.06% CAP Rate and 6.61% Cash- on-Cash
  • There is a detached double garage for storage space.

OVERVIEW

Trophy Commercial Real Estate is pleased to present 4938 & 4940 Penn Street, a stabilized six-unit multifamily portfolio located in Philadelphia’s Frankford neighborhood. Built in 2020, the properties feature modern layouts, efficient systems, and low deferred maintenance—ideal for investors seeking turnkey performance and long-term durability. The portfolio offers a mix of spacious two-bedroom and one- bedroom units across two adjacent buildings, and is offered as a single package. This property offers reliable returns and low-friction management.

FOR SALE DETAILS

PRICE

$600,000 USD

PRICE/SF

$120 USD /SF

# OF UNITS

6

PRICE/UNIT

$100,000

CAP RATE

8.06%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

4938-40 Penn Street

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1940

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

234292600

ASK ABOUT THIS PROPERTY

Saam TashayyodTrophy Commercial Real EstateMore Info
215-608-3734

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

Saam TashayyodTrophy Commercial Real EstateMore Info
215-608-3734

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