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1014 E Moyamensing Ave 3 Unit Apartment Building $1,800,000 ($600,000/Unit) 6.30% Cap Rate Philadelphia, PA 19147
INVESTMENT HIGHLIGHTS
- Fully leased 5-unit newer construction building in the heart of Queen Village.
- Modern finishes throughout, including hardwood floors, wine storage, and spacious closets.
- Prime location with easy access to I-95, grocery stores, and top Philly dining spots like Angelo’s and Royal Sushi & Izakaya.
- Strong six-figure annual rental income with room for rent growth.
- Outdoor spaces for residents, including private balconies, backyards, and two large shared roof decks.
EXECUTIVE SUMMARY
Located on a picturesque, tree-lined block in the heart of Queen Village, 1014 E Moyamensing Avenue presents an exceptional investment opportunity in one of Philadelphia’s most desirable rental markets. This 4,700 SF, newer-construction brick and masonry building offers five thoughtfully designed apartment residences, each featuring hardwood floors, spacious closets, wine storage, and contemporary finishes. Select units enjoy private backyards or balconies, while all residents have access to two expansive common roof decks with striking neighborhood views.
The property is fully leased and generates strong six-figure annual rental income, with three units currently below market — providing immediate upside for new ownership. A remaining tax abatement and individually deeded condominium units add long-term flexibility and potential for future resale. Leasing is effortless thanks to consistent demand and high tenant interest, ensuring minimal vacancy.
This professionally managed asset is within walking distance to some of the neighborhood’s most acclaimed dining spots, and just a short drive to Giant Heirloom Market, Target, HomeGoods, and IKEA. Its location offers the perfect balance of residential charm and urban convenience, with easy access to major transportation routes.
Contact us today to learn more or schedule your private tour of this turnkey Queen Village investment property!
The property is fully leased and generates strong six-figure annual rental income, with three units currently below market — providing immediate upside for new ownership. A remaining tax abatement and individually deeded condominium units add long-term flexibility and potential for future resale. Leasing is effortless thanks to consistent demand and high tenant interest, ensuring minimal vacancy.
This professionally managed asset is within walking distance to some of the neighborhood’s most acclaimed dining spots, and just a short drive to Giant Heirloom Market, Target, HomeGoods, and IKEA. Its location offers the perfect balance of residential charm and urban convenience, with easy access to major transportation routes.
Contact us today to learn more or schedule your private tour of this turnkey Queen Village investment property!
PROPERTY FACTS
| Price | $1,800,000 | Property Subtype | Apartment |
| Price Per Unit | $600,000 | Apartment Style | Garden |
| Sale Type | Investment | Building Size | 4,700 SF |
| Cap Rate | 6.30% | Average Occupancy | 100% |
| No. Units | 3 | No. Stories | 5 |
| Property Type | Multifamily | Year Built | 2015 |
| Zoning | RSA-5 | ||
| Price | $1,800,000 |
| Price Per Unit | $600,000 |
| Sale Type | Investment |
| Cap Rate | 6.30% |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Size | 4,700 SF |
| Average Occupancy | 100% |
| No. Stories | 5 |
| Year Built | 2015 |
| Zoning | RSA-5 |
AMENITIES
UNIT AMENITIES
- Balcony
- Microwave
- Washer/Dryer
- Kitchen
- Granite Countertops
- Hardwood Floors
- Refrigerator
- Stainless Steel Appliances
- Deck
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 1 | - | - |
| 2+2 | 2 | - | - |
1 1
Walk Score®
Walker's Paradise (94)
Bike Score®
Very Bikeable (88)
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1014 E Moyamensing Ave
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