$ 1,200,000
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$1,200,000
Price -
0
Bed -
0
Bath -
0
SqFt
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About the Listing TCRELLC1 - 3379899
129 & 131 W Susquehanna Avenue is a stabilized 10-unit multifamily investment located directly on Norris Square Park in the Norris Square section of Philadelphia. The property features a diversified unit mix and strong occupancy, generating consistent rental income with zero vacancy. At the offering price, the asset delivers an attractive going-in cap rate with additional upside through continued rent optimization, unit upgrade improvements, and long-term market appreciation. This opportunity is well-suited for both cash-flow-focused investors and value-oriented buyers seeking a stable asset in an improving Philadelphia submarket. Investment Highlights -10-unit stabilized multifamily asset -Strong in-place income with 0% vacancy at underwriting -Attractive entry basis at $120,000 per unit -Going-in cap rate of 7.05% on in-place NOI -Diversified unit mix supporting tenant demand -Ideal for long-term hold or leveraged cash-flow strategy -Located directly on and facing Norris Square Park -2 blocks away from Fishtown
Listing Highlights
Status
Active
Days on Site
11
Property Type
Commercial Sale
MLS ®
PAPH2592042
Year Built
1925
Total Square Footage
0
Lot/Acreage
0.06
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond:
- Heating: Hot Water
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Private
Exterior Details
- Lot Description: Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Lot Dimensions: 20.00 x 120.00
- Zoning: RM1
- Roof:
- Others:
- Sewer: Private Sewer
- Parking Features: On Street,Driveway
Financial Details
- Tax Amount: $5,074
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
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Questions About..
129 129-131 W Susquehanna Ave Philadelphia, PA 19122
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