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Westwood Apartments 2-8 S 46th St 13 Unit Apartment Building $2,800,000 ($215,385/Unit) 5.26% Cap Rate Philadelphia, PA 19139
Investment Highlights
- Three Floors plus Basement
- Some Units have Private Balconies/Decks
- Coin-op W/D in Basement
- Hard-wired Smoke and Fire System
Executive Summary
MPN Realty is pleased to present the exclusive sale of 2-8 S 46th St., a 13-unit apartment building located at the highly trafficted corner of S 46th St. and Market St. in University City. The property presents a fantastic investment opportunity with (13) 2 bedroom/ 1 bath units, all of which are self-contained. The property does present a value-add opportunity, as with some upgrades/improvements, there is potential to increase rents. The seller has owned the property for over 15 years, and has had stellar rental history throughout their ownership. The property is very well located in University City, making this an ideal location for students from UPenn and Drexel.
Financial Summary (Actual - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,800,000 | Apartment Style | Low-Rise |
| Price Per Unit | $215,385 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Cap Rate | 5.26% | Building Size | 11,250 SF |
| No. Units | 13 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1930 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | RM-1 | ||
| Price | $2,800,000 |
| Price Per Unit | $215,385 |
| Sale Type | Investment |
| Cap Rate | 5.26% |
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 11,250 SF |
| No. Stories | 3 |
| Year Built | 1930 |
| Opportunity Zone |
Yes |
| Zoning | RM-1 |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Microwave
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Public Transportation
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 13 | $1,285 | - |
1 1
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 881214900 | Total Assessment | $1,107,100 |
| Land Assessment | $166,065 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $941,035 | Tax Year | 2026 |
Property Taxes
Parcel Number
881214900
Land Assessment
$166,065
Improvements Assessment
$941,035
Total Assessment
$1,107,100
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Contact the Sale Advisor
Westwood Apartments | 2-8 S 46th St