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129-131 W Susquehanna Ave 10 Unit Apartment Building $1,200,000 ($120,000/Unit) 7.05% Cap Rate Philadelphia, PA 19122
Investment Highlights
- 10-unit stabilized multifamily asset
- Attractive entry basis at $120,000 per unit
- Diversified unit mix supporting tenant demand
- Strong in-place income with 0% vacancy at underwriting
- Going-in cap rate of 7.05% on in-place NOI
- Located directly on and facing Norris Square Park
Executive Summary
129 & 131 W Susquehanna Avenue is a stabilized 10-unit multifamily investment located directly on Norris Square Park in the Norris Square section of Philadelphia.
The property features a diversified unit mix and strong occupancy, generating consistent rental income with zero vacancy. At the offering price, the asset delivers an attractive going-in cap rate with additional upside through continued rent optimization, unit upgrade improvements, and long-term market appreciation.
This opportunity is well-suited for both cash-flow-focused investors and value-oriented buyers seeking a stable asset in an improving Philadelphia submarket.
The property features a diversified unit mix and strong occupancy, generating consistent rental income with zero vacancy. At the offering price, the asset delivers an attractive going-in cap rate with additional upside through continued rent optimization, unit upgrade improvements, and long-term market appreciation.
This opportunity is well-suited for both cash-flow-focused investors and value-oriented buyers seeking a stable asset in an improving Philadelphia submarket.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $1,200,000 | Apartment Style | Low-Rise |
| Price Per Unit | $120,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Cap Rate | 7.05% | Building Size | 5,504 SF |
| Gross Rent Multiplier | 9.34 | No. Stories | 3 |
| No. Units | 10 | Year Built | 1925 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Property Subtype | Apartment | ||
| Zoning | RSA5 - RM1-Residential Multi-Family-1 | ||
| Price | $1,200,000 |
| Price Per Unit | $120,000 |
| Sale Type | Investment |
| Cap Rate | 7.05% |
| Gross Rent Multiplier | 9.34 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 5,504 SF |
| No. Stories | 3 |
| Year Built | 1925 |
| Opportunity Zone |
Yes |
| Zoning | RSA5 - RM1-Residential Multi-Family-1 |
Amenities
Unit Amenities
- Storage Space
- Kitchen
- Hardwood Floors
- Sprinkler System
- Tub/Shower
- Smoke Free
Site Amenities
- Courtyard
- Laundry Facilities
- Tenant Controlled HVAC
- Smoke Free
- Storage Space
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 10 | - | 400 - 800 |
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
90/100
Moderately bikeable
70/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $507,500 (2026) | |
| Land Assessment | $217,500 (2026) | Total Assessment | $725,000 (2026) |
Property Taxes
Parcel Numbers
Land Assessment
$217,500 (2026)
Improvements Assessment
$507,500 (2026)
Total Assessment
$725,000 (2026)
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