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2015 Walnut St 9 Unit Apartment Building $2,800,000 ($311,111/Unit) 6.72% Cap Rate Philadelphia, PA 19103
Investment Highlights
- STRONG IN-PLACE CASH FLOW – In-place NOI of approximately $188,056, providing immediate and durable income.
- MIXED-USE INCOME STREAM – Eight residential units complemented by a ground-floor retail space, offering diversified revenue.
- FINANCING-FRIENDLY PROFILE – Supports conventional financing with a 1.33x DSCR, enhancing lender appeal.
- CORE RITTENHOUSE SQUARE LOCATION – Situated on Walnut Street within walking distance to Center City employment, dining, and public transit.
- ATTRACTIVE UNIT MIX – Combination of one- and two-bedroom layouts with competitive in-place rents.
Executive Summary
We are is pleased to present the exclusive offering of 2015 Walnut Street, a nine-unit mixed-use multifamily property located in the heart of Philadelphia’s Rittenhouse Square submarket.
The property consists of eight residential units and one ground-floor retail space, totaling approximately 6,354 rentable square feet.
The asset is currently stabilized and generates an in-place Net Operating Income (NOI) of approximately $188,056. At the offering price of $2,800,000, the property offers a 6.72% going-in cap rate, supported by strong in-place cash flow and long-term durability driven by its premier location.
The property consists of eight residential units and one ground-floor retail space, totaling approximately 6,354 rentable square feet.
The asset is currently stabilized and generates an in-place Net Operating Income (NOI) of approximately $188,056. At the offering price of $2,800,000, the property offers a 6.72% going-in cap rate, supported by strong in-place cash flow and long-term durability driven by its premier location.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| 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 | - |
| Annual Per SF | - |
| 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 | $2,800,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $311,111 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.05 AC |
| Cap Rate | 6.72% | Building Size | 8,865 SF |
| No. Units | 9 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 5 |
| Property Subtype | Apartment | Year Built/Renovated | 1840/2021 |
| Zoning | C4, Philadelphia - Mixed Use Commercial | ||
| Price | $2,800,000 |
| Price Per Unit | $311,111 |
| Sale Type | Investment |
| Cap Rate | 6.72% |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 8,865 SF |
| Average Occupancy | 100% |
| No. Stories | 5 |
| Year Built/Renovated | 1840/2021 |
| Zoning | C4, Philadelphia - Mixed Use Commercial |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Kitchen
- Hardwood Floors
- Refrigerator
- Stainless Steel Appliances
- Range
- Quartz Countertops
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Smoke Free
- Roof Terrace
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 5 | - | - |
| 2+2 | 1 | - | - |
| 2+1 | 2 | - | - |
| Studios | 1 | - | - |
1 1
Walk Score®
Walker's Paradise (99)
Transit Score®
Rider's Paradise (100)
Bike Score®
Biker's Paradise (96)
Property Taxes
| Parcel Number | 881026012 | Improvements Assessment | $1,315,720 (2026) |
| Land Assessment | $563,880 (2026) | Total Assessment | $1,879,600 (2026) |
Property Taxes
Parcel Number
881026012
Land Assessment
$563,880 (2026)
Improvements Assessment
$1,315,720 (2026)
Total Assessment
$1,879,600 (2026)
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