HUNTING PARK PORTFOLIO - PHILADELPHIA Multi-Family FOR SALE


Philadelphia, PA - Olney
$4,715,000 USD
215-454-2879
, Philadelphia, PA for Sale
$4,715,000 USD
Multi-Family - FOR SALE
1/13
null | 8% Cap Rate

HUNTING PARK PORTFOLIO - PHILADELPHIA
Philadelphia, PA
Olney


HIGHLIGHTS

  • Attractive Unit Mix: 63% One-Bedroom, 34% Two-Bedroom, and 3% Four-Bedroom Units
  • Strong Rental Market with Value-Add Opportunities: Dense Residential Neighborhood with Stable Workforce Housing Demand
  • Access to Public Transit: 3-Minute Walk to SEPTA Bus Routes and 8-Minute Walk to Olney Transportation Center
  • Proximity to Major Arteries: ±10 Minutes to I-95 and ±12 Minutes to I-76 (the Schuylkill Expressway); Immediate Access to Roosevelt Boulevard (US-1)
  • Retail, Shopping & Daily Conveniences: ±4 Minutes to ShopRite, ACME, Fine Fare, and Aldi

OVERVIEW

The Hunting Park Portfolio is a 41-unit apartment portfolio consisting of 4825 N. Camac Street (13 units), 4510 N. Lawrence Street (11 units), and 4827-35 North 6th Street (17 units) in North Philadelphia, Pennsylvania. The Portfolio consists of three buildings featuring a desirable mix comprised primarily of one- and two-bedroom units. Collectively, the Properties include 26 one-bedroom units, 14 two-bedroom units, and one four-bedroom unit. The average in-place rent for the one-bedroom units is ±1,226 per month, while the two-bedroom units average ±$1,207 per month. The single, four-bedroom unit is leased at $1,450 per month. Current rents are approximately 10–15% below market for comparable one- and two-bedroom units, presenting a clear opportunity to drive rental growth through light interior upgrades. Current ownership has recently implemented water and sewer bill-backs, aligning with submarket trends. Continued execution of this strategy provides additional NOI upside. The Hunting Park Portfolio is situated in a dense residential corridor supported by strong workforce housing demand and proximity to major employment drivers, including Temple University, La Salle University, and Jefferson Einstein Philadelphia Hospital, as well as employment hubs in Center City Philadelphia. The Properties also benefit from convenient access to retail corridors along Broad Street and Roosevelt Boulevard, with nearby grocery stores such as ShopRite, ACME, and Aldi, along with national retailers, pharmacies, and restaurants serving the immediate neighborhood. With a unit mix well-positioned to meet workforce housing demand and located near public transit, major roadways, universities, hospitals, and retail amenities, The Hunting Park Portfolio presents an attractive opportunity to acquire scale in a dense North Philadelphia rental corridor supported by consistent renter demand and accessible neighborhood amenities.

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215-454-2879

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215-454-2879

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