$ 789,000
-
$789,000
Price -
6
Bed -
3
Bath -
2,595
SqFt
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About the Listing COMPASS1 - 3365941
1816 W Girard, a true unicorn in today's multifamily market, is a recently renovated, fully occupied, cash-flowing triplex located on the thriving Girard Avenue corridor in Philadelphia's rapidly growing Francisville neighborhood. This turnkey multifamily asset consists of three spacious 2-bedroom, 1-bathroom apartments, each featuring central air conditioning, natural gas forced-air heating, modern finishes, and in-unit laundry. Extensively renovated in 2020, the property offers investors a rare combination of strong in-place cash flow and limited near-term capital expenditure requirements. Offered at an impressive in-place cap rate of 9.3%, the building is currently 100% occupied by long-term Housing Choice Voucher (Section 8) tenants, with recent tenant renewals providing a proven history of stable occupancy and consistent income. In a market increasingly dominated by low-yield, value-add offerings marketed on projected future returns, 1816 W Girard delivers strong cash flow and investment performance from day one. This one-of-a-kind late Victorian brownstone features a private rear patio exclusive to the first-floor unit, a private upper balcony, and dedicated basement storage areas for tenants. The property's flexible layout, updated mechanical systems, and desirable unit configurations position it for continued rental demand in one of Philadelphia's strongest urban submarkets. Ideally situated along the Girard Avenue commercial corridor, tenants enjoy immediate access to SEPTA transit, the Broad Street Line, Center City, Temple University, Fairmount, Brewerytown, the Philadelphia Museum of Art, and numerous neighborhood restaurants, retail destinations, and employment centers. Whether you're seeking reliable day-one cash flow, a 1031 exchange opportunity, or a well-located multifamily asset with long-term appreciation potential, 1816 W Girard Avenue offers an attractive combination of location, stability, and investment performance. 48hr notice required for showings. Financials, rent roll, and operating expenses available upon request.
Listing Highlights
Status
Active
Days on Site
2
Property Type
Multi-Family
MLS ®
PAPH2638684
Year Built
1915
Total Square Footage
2,595
Lot/Acreage
0.03
County
Philadelphia
Neighborhood
Francisville
Area
19130 (19130)
School District
The School District Of Philadelphia
Interior Details
- Bedrooms: 6
- Bathrooms: 3 Full
- Appliances:
- Air Cond: Central A/C
- Heating: Forced Air
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 2595
- Below Ground Sq Ft: n/a
- Basement: Full
- Other:
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Zoning: Legal 3 unit with active rental licenses
- Roof:
- Others: Excellent
- Sewer: Public Septic
- Parking Features: On Street
Financial Details
- Tax Amount: $5,916
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2026
Payment Calculator
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Questions About..
1816 W Girard Ave Philadelphia, PA 19130
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