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5333-5347 N 13th St 24 Unit Apartment Building $2,400,000 ($100,000/Unit) 8.04% Cap Rate Philadelphia, PA 19141
Investment Highlights
- 24 Units in North Philadelphia
- Priced to Sell: $100K per Unit, 8%+ In-Place Cap Rate
- Quiet, Tree-Lined Street with Ample Street Parking
- Located Just off Broad Street, Adjacent to Einstein Medical Center
- Separate Entrances & Semi-Private Backyards
Executive Summary
Marcus & Millichap is pleased to present for sale the Somerville Homes - 24 units in North Philadelphia. Most units are currently occupied by a Section 8 tenant base - offering stable and predictable cash flow with secured rent growth for the coming years.
The property is located directly next to the Einstein Medical Center, which is a large 772-bed teaching hospital. It is also located just off Broad Street, walking distance to the Olney Transportation Center which is a bus and subway hub for the area.
The units each have separate entrances and separate utilities of which gas and water are paid for by the owner. Tenants are responsible for electricity. The downstairs units also have front porches and semi-private backyards.
The property is located directly next to the Einstein Medical Center, which is a large 772-bed teaching hospital. It is also located just off Broad Street, walking distance to the Olney Transportation Center which is a bus and subway hub for the area.
The units each have separate entrances and separate utilities of which gas and water are paid for by the owner. Tenants are responsible for electricity. The downstairs units also have front porches and semi-private backyards.
Data Room Click Here to Access
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
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
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 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,400,000 | Apartment Style | Townhome |
| Price Per Unit | $100,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.32 AC |
| Cap Rate | 8.04% | Building Size | 13,400 SF |
| Gross Rent Multiplier | 6.53 | No. Stories | 2 |
| No. Units | 24 | Year Built/Renovated | 1950/1995 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Property Subtype | Apartment | ||
| Zoning | RSA3 - Single-Family Residential | ||
| Price | $2,400,000 |
| Price Per Unit | $100,000 |
| Sale Type | Investment |
| Cap Rate | 8.04% |
| Gross Rent Multiplier | 6.53 |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 0.32 AC |
| Building Size | 13,400 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1950/1995 |
| Opportunity Zone |
Yes |
| Zoning | RSA3 - Single-Family Residential |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 24 | $1,296 | 500 - 675 |
1 1
Exceptionally walkable
90/100
Fairly drivable
50/100
Strong public transit
80/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,749,280 (2026) | |
| Land Assessment | $437,320 (2026) | Total Assessment | $2,186,600 (2026) |
Property Taxes
Parcel Numbers
Land Assessment
$437,320 (2026)
Improvements Assessment
$1,749,280 (2026)
Total Assessment
$2,186,600 (2026)
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