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212 Catharine St 7 Unit Apartment Building $2,575,000 ($367,857/Unit) 5.74% Cap Rate Philadelphia, PA 19147
INVESTMENT HIGHLIGHTS
- Meredith School Catchment
- 100% Occupied
EXECUTIVE SUMMARY
212 Catharine Street is a fully occupied 7-unit multifamily building situated in the heart of Queen Village, one of Philadelphia’s most desirable neighborhoods. This trophy asset offers a rare opportunity to acquire a stabilized investment property in an irreplaceable location directly adjacent to Shot Tower Recreation Center—a neighborhood park that adds unique value and long-term tenant appeal. The property boasts a classic façade, well-maintained interiors, and strong in-place cash flow. With a diverse unit mix and unbeatable walkability to neighborhood dining, retail, and transit, 212 Catherine is a standout addition to any investment portfolio. Ideal for investors seeking generational quality in a core Philadelphia submarket.
PROPERTY FACTS
| Price | $2,575,000 | Apartment Style | Low-Rise |
| Price Per Unit | $367,857 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.07 AC |
| Cap Rate | 5.74% | Building Size | 5,112 SF |
| No. Units | 7 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1915 |
| Property Subtype | Apartment | ||
| Zoning | RM1 | ||
| Price | $2,575,000 |
| Price Per Unit | $367,857 |
| Sale Type | Investment |
| Cap Rate | 5.74% |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 5,112 SF |
| No. Stories | 4 |
| Year Built | 1915 |
| Zoning | RM1 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 7 | - | - |
1 1
Walk Score®
Walker's Paradise (95)
Bike Score®
Very Bikeable (87)
PROPERTY TAXES
| Parcel Number | 881002241 | Improvements Assessment | $1,260,000 |
| Land Assessment | $140,000 | Total Assessment | $1,400,000 |
PROPERTY TAXES
Parcel Number
881002241
Land Assessment
$140,000
Improvements Assessment
$1,260,000
Total Assessment
$1,400,000
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