$ 600,000
-
$600,000
Price -
0
Bed -
0
Bath -
3,518
SqFt
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About the Listing TRINIT - 3164503
6-Unit Multi-Family with Coin Laundry Income | 12.7% Cap Rate Nicetown-Tioga | Philadelphia, PA 19140 Fully occupied, cash-flowing multi-family investment offered at $600,000 — a 12.7% capitalization rate on in-place income and $100,000 per unit. This 1925-built brick building offers approximately 3,518 SF on a 4,512 SF lot, currently producing $7,500/month ($90,000 annually). Unit Mix • One studio — $900/mo • Two 1-bedrooms — $1,400/mo each • One 1BR/1BA — $1,300/mo • Two 2-bedrooms — $1,300 and $1,200/mo • Coin-operated laundry on the first floor (additional income) In-Place Financials • Gross potential income: $91,800 • Operating expenses (T-12): $10,819 • Net operating income: $76,391 • 2025 real estate taxes: $4,152 • Gross rent multiplier: 6.7x Why This Building Major capital work is already done. New roof (2023), boiler serviced and maintained, and updated common-area lighting mean a buyer isn’t inheriting a systems problem. Remaining upside is cosmetic — flooring and paint across several units — plus room to modernize the laundry equipment for higher collections. Leases are primarily month-to-month, so a new owner has immediate flexibility to bring rents to market rather than waiting out a year of fixed terms. Operating costs stay low: tenants carry their own utilities where submetered, and ownership covers only water/sewer and common-area electric. ALSO AVAILABLE: THE ADJACENT BUILDING 1818 W Tioga St — 5 units — $600,000 The building next door is also on the market. Purchased together, the two properties form an 11-unit portfolio at $1,200,000 on a single contiguous lot: • $13,600/month — $163,200 annual gross rents, plus two laundry income streams • $137,227 combined net operating income • 11.4% cap rate — $109,091 per unit • One management footprint, one maintenance route, consolidated vendor relationships • Single transaction, single closing, single diligence process Buyers seeking scale can acquire both under one contract. Buyers seeking a single entry-point asset can take either building on its own. Full offering memorandum, rent roll, T-12 expenses, and lease files available upon request. Property tours by appointment.
Listing Highlights
Status
Active
Days on Site
5
Property Type
Commercial Sale
MLS ®
PAPH2670086
Year Built
1925
Total Square Footage
3,518
Lot/Acreage
0.1
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond:
- Heating: Forced Air
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Zoning: RSA3
- Roof:
- Others: Good
- Sewer: Public Sewer
- Parking Features: On Street
Financial Details
- Tax Amount: $4,482
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2026
Payment Calculator
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Questions About..
1816 W Tioga St Philadelphia, PA 19140
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