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2049 E Susquehanna Ave 4 Unit Apartment Building $675,000 ($168,750/Unit) 6.23% Cap Rate Philadelphia, PA 19125
Investment Highlights
- Historic masonry construction dating back to 1875, offering unique architectural character in the East Kensington neighborhood.
- Excellent connectivity to major Philadelphia thoroughfares and public transportation, providing convenient access to Center City.
- Located on a 1,629-square-foot lot with territorial views and proximity to vibrant local amenities, including retail, dining, and cultural attractions
- Situated in a dynamic, evolving neighborhood known for its blend of historic charm and modern redevelopment activity.
Executive Summary
MPN Realty, Inc, is pleased to present the exclusive sale of 2049 E Susquehanna Avenue. Located in the Norris Square neighborhood of Philadelphia, this property sits a couple of blocks off of Frankford Ave, one of Philadelphia’s hottest retail streets. The property consists of Four (4) units and presents an excellent opportunity for both first-time investors and established multifamily owners.
Unit mix includes One (1) – 1 bed / 1 bath with a yard, One (1) – 2 bed / 1 bath, and Two (2) studio apartments
Unit mix includes One (1) – 1 bed / 1 bath with a yard, One (1) – 2 bed / 1 bath, and Two (2) studio apartments
Property Facts
| Price | $675,000 | Apartment Style | Low-Rise |
| Price Per Unit | $168,750 | Building Class | C |
| Sale Type | Investment | Building Size | 2,914 SF |
| Cap Rate | 6.23% | No. Stories | 3 |
| No. Units | 4 | Year Built | 1875 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Property Subtype | Apartment | ||
| Zoning | RSA-5 - RSA-5 Zoning: Residential Single-Family Attached zoning for rowhouses. | ||
| Price | $675,000 |
| Price Per Unit | $168,750 |
| Sale Type | Investment |
| Cap Rate | 6.23% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Building Size | 2,914 SF |
| No. Stories | 3 |
| Year Built | 1875 |
| Opportunity Zone |
Yes |
| Zoning | RSA-5 - RSA-5 Zoning: Residential Single-Family Attached zoning for rowhouses. |
Amenities
Site Amenities
- Walk-Up
1 1
Exceptionally walkable
100/100
Fairly drivable
40/100
Strong public transit
80/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 313039100 | Improvements Assessment | $628,080 |
| Land Assessment | $157,020 | Total Assessment | $785,100 |
Property Taxes
Parcel Number
313039100
Land Assessment
$157,020
Improvements Assessment
$628,080
Total Assessment
$785,100
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