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Joseph Lam

sales@soldbyturnkey.com +1(856) 305-8329

Listed by Ryan McManus • Keller Williams Liberty Place

$440,000

Est. payment - /mo

3,360 SqFt

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Key Details

Property Type Multi-Family

Sub Type Other

Listing Status Pending

Purchase Type For Sale

Square Footage 3,360 sqft

Price per Sqft $130

MLS Listing ID PAPH2519038

Style Unit/Flat

Abv Grd Liv Area 3,360

Year Built 1925

Annual Tax Amount $3,797

Tax Year 2024

Lot Size 1,440 Sqft

Acres 0.03

Lot Dimensions 16.00 x 90.00

Property Sub-Type Other

Source BRIGHT

Property Description

INTRODUCING: The West Philly Park Portfolio — a rare opportunity to acquire up to thirty-nine (39) total units offering an in-place 9.5% stabilized cap rate, located just outside of University City — one of the most dynamic growth corridors in the United States. Situated within a Top-10 MSA for both population and life sciences, this portfolio lies in the heart of Philadelphia's renowned “Eds & Meds” economy, surrounded by billions of dollars in active development. Nearby anchors include Schuylkill Yards, the Science Center, CHOP, HUP, and Amtrak's 30th Street Station.

The portfolio spans ten (10) properties totaling approximately ±35,000 square feet, concentrated within a walkable five-block stretch along the high-traffic 52nd Street corridor, between Market Street and Larchwood Avenue. Each building features a mix of ground-floor commercial units with residential apartments above, many of which were comprehensively renovated in the early 2020s. Upgrades include LVP flooring, shaker cabinetry, granite countertops, in-unit washer/dryers, modern fire and sprinkler systems, central air, and contemporary finishes throughout.

The offering includes multiple park-front, corner, and contiguous parcels, with strong tenant demand driven by proximity to the University of Pennsylvania, Drexel University, and leading healthcare and innovation institutions. This is a rare chance to acquire turnkey assets in one of Philadelphia's most promising submarkets.

Detailed financials available upon request.

Location

State PA

County Philadelphia

Area 19139 (19139)

Zoning CMX2

Interior

Hot Water Natural Gas

Heating Other

Cooling Other

Fireplace N

Heat Source Natural Gas

Exterior

Water Access N

Accessibility None

Garage N

Building

Above Ground Finished SqFt 3360

Sewer Public Sewer

Water Public

Architectural Style Unit/Flat

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District Philadelphia City

Others

Tax ID 871253650

Ownership Fee Simple

SqFt Source 3360

Special Listing Condition Standard

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Joseph Lam

+1(856) 305-8329

Broker Associate | License ID: 0682262

Broker Associate License ID: 0682262

268 S 52ND ST Philadelphia, PA 19139

Joseph Lam

Key Details

Location

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION

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268 S 52ND ST