Rare opportunity to acquire a 102-property / 108-unit Philadelphia residential portfolio offered at $18,800,000. The portfolio is primarily concentrated across key North and West Philadelphia ZIP codes, including 19132, 19104, 19121, 19139, 19143, 19131, 19151, 19140, 19133, and 19129, providing investors with immediate scale and diversified exposure across multiple workforce housing submarkets. The portfolio is currently operated primarily as Housing Choice Voucher / Section 8 rentals, with approximately 89% leased occupancy and 84% Section 8 tenancy. Current ownership has completed substantial capital improvements, with approximately $9.77M in documented CapEx across the portfolio, averaging roughly $96,775 per property. Improvements include updated kitchens, bathrooms, flooring, lighting, paint, trim, cabinetry, fixtures, appliances, and broader unit-level modernization. Offered at approximately $184,314 per door, the portfolio reflects an estimated 8.0% cap rate based on seller underwriting, with projected NOI of approximately $1.51M using a 38% operating expense assumption. Approximately 56% of the portfolio has remaining tax abatements, creating additional near-term cash flow support. This is a compelling opportunity for investors seeking immediate scale, stabilized income, government-backed rent exposure, and long-term upside through rent optimization, continued operational efficiencies, and potential appreciation across Philadelphia’s affordable housing submarkets. Buyers are responsible for verifying all financials, rents, expenses, leases, abatements, property condition, and zoning during due diligence. Additional photos available upon request.