$ 1,800,000
-
$1,800,000
Price -
16
Bed -
4
Bath -
1,800
SqFt
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About the Listing LZREI1 - 3244553
OFF-MARKET | 8-UNIT MULTIFAMILY PORTFOLIO Somerton | Philadelphia, Pennsylvania Asking Price $1,800,000 Investment Highlights ● 8 residential units across 4 duplex buildings ● Portfolio includes: ● 13020 Blakeslee Drive ● 13022 Blakeslee Drive ● 13032 Blakeslee Drive ● 13034 Blakeslee Drive ● Each duplex features: ● Two 2-bedroom apartments ● Two private garages ● Individual laundry hookups ● Identical floor plans for efficient management ● Located in the highly desirable Somerton neighborhood of Northeast Philadelphia ● Convenient access to SEPTA Regional Rail, shopping, restaurants, schools, and major highways ● Strong rental demand with excellent long-term investment potential Financial Summary Gross Annual Income: $175,000 Annual Operating Expenses: Approximately $25,000 Net Operating Income (NOI): Approximately $150,000 Asking Price: $1,800,000 Cap Rate: Approximately 8.33% Investment Opportunity This is a rare opportunity to acquire a well-maintained, income-producing multifamily portfolio in one of Northeast Philadelphia’s most desirable rental markets. The properties offer stable cash flow, low operating expenses, and upside potential through future rental growth. Whether you’re expanding an existing portfolio or completing a 1031 exchange, this asset presents an attractive investment opportunity. Closing Seller is seeking a fast closing. Qualified buyers are encouraged to provide proof of funds or financing pre-approval prior to scheduling property tours. For additional information, including the rent roll, operating statements, or to arrange a private showing, please contact the listing agent.
Listing Highlights
Status
Active
Days on Site
4
Property Type
Residential
MLS ®
PAPH2654562
Year Built
1981
Total Square Footage
1,800
Lot/Acreage
0.05
Interior Details
- Bedrooms: 16
- Bathrooms: 4 Full
- Appliances:
- Air Cond: Central A/C
- Heating: Central
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 1800
- Below Ground Sq Ft: 0
- Basement: Partial
- Other: Main Floor Bedrooms: 16
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No
- Garage Capacity: 1 car
- Parking Spaces: 1
- Zoning: RSA3
- Roof:
- Others:
- Sewer: Public Sewer
- Parking Features: Garage - Front Entry,Attached Garage,1+ Spaces
Financial Details
- Tax Amount: $6,355
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2026
Payment Calculator
Monthly Payment
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Questions About..
13020 Blakeslee Dr Philadelphia, PA 19116
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