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The Nylon Lofts 2045-49 Trenton Ave 12 Unit Apartment Building $4,150,000 ($345,833/Unit) 6% Cap Rate Philadelphia, PA 19125
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Investment Highlights
- 100% leased with full in-place management and seven years left in tax abatement for a stabilized, passive investment opportunity.
- Unit mix consists of four one-bedroom units averaging 800 square feet, and eight two-bedroom units averaging 1,000 square feet.
- Philadelphia’s Fishtown is a lively, growing community with a vibrant nightlife and community events, gardens, and cafes.
- 2045-49 Trenton Avenue presents 12 exceptional units with a great layout and unique finishes in turnkey condition for minimal maintenance.
- Prime Fishtown neighborhood of Philadelphia enables strong rental demand and ease in leasing units efficiently.
- Must see in person to appreciate the uniqueness of this building.
Executive Summary
Reda & Co Team and Compass Commercial proudly offer the investment opportunity to acquire 2045-49 Trenton Avenue, a fully leased, turnkey, tax-abated, 12-unit multifamily property.
Just steps from Frankford Avenue, it features the perfect blend of spacious one- and two-bedroom apartments that blend modern design with industrial character, including exposed brick, beams, and ductwork, oversized windows, and ceilings reaching up to 18 feet, making them very easy to rent.
Located in one of Philadelphia’s most sought-after neighborhoods, Fishtown. Situated along the historic cobblestones of Trenton Avenue, the building offers a prime, walkable location surrounded by some of the city’s best restaurants, bars, and cafés.
Within the 3-mile radius of 2045-49 Trenton Avenue, more than 60% of the area is renter-occupied housing, with nearly 65% being one- or two-unit layouts, aligning with the subject. There are approximately 181,330 households within the 3-mile radius, with a healthy spending power of more than $4.5 billion annually.
2045-49 Trenton Avenue is a must-see in-person property to appreciate the building's unique features. There’s genuinely nothing comparable available in Fishtown, Philadelphia’s hottest investment submarket. The property is a Qualified Opportunity Zone.
Just steps from Frankford Avenue, it features the perfect blend of spacious one- and two-bedroom apartments that blend modern design with industrial character, including exposed brick, beams, and ductwork, oversized windows, and ceilings reaching up to 18 feet, making them very easy to rent.
Located in one of Philadelphia’s most sought-after neighborhoods, Fishtown. Situated along the historic cobblestones of Trenton Avenue, the building offers a prime, walkable location surrounded by some of the city’s best restaurants, bars, and cafés.
Within the 3-mile radius of 2045-49 Trenton Avenue, more than 60% of the area is renter-occupied housing, with nearly 65% being one- or two-unit layouts, aligning with the subject. There are approximately 181,330 households within the 3-mile radius, with a healthy spending power of more than $4.5 billion annually.
2045-49 Trenton Avenue is a must-see in-person property to appreciate the building's unique features. There’s genuinely nothing comparable available in Fishtown, Philadelphia’s hottest investment submarket. The property is a Qualified Opportunity Zone.
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Property Facts
| Price | $4,150,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $345,833 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.09 AC |
| Cap Rate | 6% | Building Size | 15,000 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| No. Units | 12 | No. Stories | 4 |
| Property Type | Multifamily | Year Built/Renovated | 1903/2020 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | ICMX | ||
| Price | $4,150,000 |
| Price Per Unit | $345,833 |
| Sale Type | Investment |
| Cap Rate | 6% |
| Sale Condition | 1031 Exchange |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.09 AC |
| Building Size | 15,000 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built/Renovated | 1903/2020 |
| Opportunity Zone |
Yes |
| Zoning | ICMX |
Amenities
Unit Amenities
- Air Conditioning
- Washer/Dryer
- Heating
- Kitchen
- Refrigerator
- Oven
- Stainless Steel Appliances
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+2 | 4 | - | 802 |
| 2+1 | 3 | - | 800 |
| 2+2 | 4 | - | 1,074 |
| 2+2.5 | 1 | - | 1,334 |
Walk Score®
Walker's Paradise (92)
Bike Score®
Very Bikeable (84)
Property Taxes
| Parcel Number | 881068777 | Improvements Assessment | $1,404,000 |
| Land Assessment | $156,000 | Total Assessment | $1,560,000 |
Property Taxes
Parcel Number
881068777
Land Assessment
$156,000
Improvements Assessment
$1,404,000
Total Assessment
$1,560,000
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The Nylon Lofts | 2045-49 Trenton Ave
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