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42nd and Ludlow 4200 Ludlow St 96 Unit Apartment Building $29,200,000 ($304,167/Unit) 6% Cap Rate Philadelphia, PA 19104
Executive Summary
A flagship "Scale Asset" with 96 units and 211 beds. This five-story residential complex is the primary driver of NOI growth. The transition of its 4x4 townhomes to "deluxe" status is the single most impactful move in the August 2026 renovation schedule.
Positioned on a prominent corner at 42nd & Ludlow Streets, this 2018-build features a Luxor Package System, electric car charging, and an on-site gym. The property offers a “Smart Apartment" experience with Nest Bluetooth thermostats and high-end architectural finishes.
Positioned on a prominent corner at 42nd & Ludlow Streets, this 2018-build features a Luxor Package System, electric car charging, and an on-site gym. The property offers a “Smart Apartment" experience with Nest Bluetooth thermostats and high-end architectural finishes.
Property Facts
| Price | $29,200,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $304,167 | Building Class | A |
| Sale Type | Investment | Lot Size | 0.47 AC |
| Cap Rate | 6% | Building Size | 111,000 SF |
| No. Units | 96 | No. Stories | 5 |
| Property Type | Multifamily | Year Built | 2018 |
| Property Subtype | Apartment | ||
| Zoning | CMX4 - Residential Mixed Use | ||
| Price | $29,200,000 |
| Price Per Unit | $304,167 |
| Sale Type | Investment |
| Cap Rate | 6% |
| No. Units | 96 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | A |
| Lot Size | 0.47 AC |
| Building Size | 111,000 SF |
| No. Stories | 5 |
| Year Built | 2018 |
| Zoning | CMX4 - Residential Mixed Use |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Heating
- Security System
- Kitchen
- Granite Countertops
- Hardwood Floors
- Refrigerator
- Oven
- Stainless Steel Appliances
- Tub/Shower
- Carpet
- Wi-Fi
- Freezer
Site Amenities
- 24 Hour Access
- Property Manager on Site
- Tenant Controlled HVAC
- Video Patrol
- Furnished Units Available
- Grill
- Maid Service
- Walking/Biking Trails
- Wi-Fi
- Bicycle Storage
- Community-Wide WiFi
- Elevator
- Online Services
- Public Transportation
- Roommate Matching
- Shuttle To Campus
- Key Fob Entry
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Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
90/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 881442747 | Improvements Assessment | $26,204,400 |
| Land Assessment | $2,911,600 | Total Assessment | $29,116,000 |
Property Taxes
Parcel Number
881442747
Land Assessment
$2,911,600
Improvements Assessment
$26,204,400
Total Assessment
$29,116,000
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