5333-5347 N 13th St - Apartments FOR SALE


Philadelphia, PA 19141- Logan-Ogontz-Fern Rock
$2,400,000 USD
609-760-9724
5333-5347 N 13th St, Philadelphia, PA for Sale
$2,400,000 USD
Apartments - FOR SALE
1/7
null | 8.04% Cap Rate

5333-5347 N 13th St
Philadelphia, PA 19141
Logan-Ogontz-Fern Rock


HIGHLIGHTS

  • 24 Units in North Philadelphia
  • Located Just off Broad Street, Adjacent to Einstein Medical Center
  • Priced to Sell: $100K per Unit, 8%+ In-Place Cap Rate
  • Separate Entrances & Semi-Private Backyards
  • Quiet, Tree-Lined Street with Ample Street Parking

OVERVIEW

The property consists of townhome-style apartments with separate entrances, front porches, semi-private backyards, and all separate utilities. Current income stability is enhanced by a senior-designated project-based HAP contract covering 100% of the units through early 2025, creating predictable cash flow with future upside through rent adjustments upon contract renewal or conversion to market terms. Residents are served by proximity to major transit corridors and institutional employment drivers, making this asset an efficient operational model and long-term investment opportunity. Located in a mature neighborhood with steady rental demand, this property positions investors for both immediate yield and potential value creation through targeted upgrades or strategic repositioning.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$179 USD /SF

# OF UNITS

24

PRICE/UNIT

$100,000

CAP RATE

8.04%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

13,939 SF

ZONING

RSA3

APN/PARCEL ID

493196310,493196410,493196510,493196610,493196710,493196810,493196910,493197010

ASK ABOUT THIS PROPERTY

Andrew TownsendMarcus & MillichapMore Info
609-760-9724

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Andrew TownsendMarcus & MillichapMore Info
609-760-9724

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