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5701 W Girard Ave 6 Unit Apartment Building $420,000 ($70,000/Unit) Philadelphia, PA 19131
INVESTMENT HIGHLIGHTS
- Renovated six-unit building with updated interiors and high ceilings.
- RM1 zoning allows for multifamily use and future expansion.
- Classic 1925 masonry architecture with modern finishes.
- Strong income performance with estimated cap rate over 9%.
- Minutes from I-76, Center City, University City, and major cultural landmarks.
EXECUTIVE SUMMARY
Positioned in the heart of Carroll Park, this fully renovated six-unit multifamily building offers a compelling blend of historic charm and modern upgrades. Built in 1925 and thoughtfully restored, the property showcases classic masonry architecture with a flat roof, complemented by contemporary interiors featuring wood flooring, upgraded bathrooms, and decorative high ceilings that amplify natural light.
Each of the six 1-bedroom, 1-bath apartments has been updated to meet today’s tenant expectations, making this a turnkey investment with strong income performance. With a gross annual income of $50,820 and a net operating income of $40,975, the property delivers an estimated cap rate exceeding 9%, ideal for investors seeking immediate cash flow and long-term upside.
Strategically located near major Philadelphia destinations—including I-76, Center City, University City, Fairmount Park, Boathouse Row, the Philadelphia Museum of Art, and the Philadelphia Zoo—this asset benefits from exceptional connectivity and tenant appeal. Zoned RM1, the site allows for multifamily use and potential expansion, adding flexibility for future value creation.
Whether you're expanding your portfolio or entering the multifamily market, this property presents a rare opportunity to capitalize on Philadelphia’s growing rental demand in a vibrant, transit-accessible neighborhood.
Each of the six 1-bedroom, 1-bath apartments has been updated to meet today’s tenant expectations, making this a turnkey investment with strong income performance. With a gross annual income of $50,820 and a net operating income of $40,975, the property delivers an estimated cap rate exceeding 9%, ideal for investors seeking immediate cash flow and long-term upside.
Strategically located near major Philadelphia destinations—including I-76, Center City, University City, Fairmount Park, Boathouse Row, the Philadelphia Museum of Art, and the Philadelphia Zoo—this asset benefits from exceptional connectivity and tenant appeal. Zoned RM1, the site allows for multifamily use and potential expansion, adding flexibility for future value creation.
Whether you're expanding your portfolio or entering the multifamily market, this property presents a rare opportunity to capitalize on Philadelphia’s growing rental demand in a vibrant, transit-accessible neighborhood.
PROPERTY FACTS
| Price | $420,000 | Building Class | C |
| Price Per Unit | $70,000 | Lot Size | 0.04 AC |
| Sale Type | Investment | Building Size | 4,824 SF |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1920 |
| Property Subtype | Apartment | Cross Streets | 57th St |
| Apartment Style | Low-Rise | ||
| Zoning | C2 | ||
| Price | $420,000 |
| Price Per Unit | $70,000 |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.04 AC |
| Building Size | 4,824 SF |
| No. Stories | 3 |
| Year Built | 1920 |
| Cross Streets | 57th St |
| Zoning | C2 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 6 | - | - |
1 1
Walk Score®
Very Walkable (83)
Transit Score®
Excellent Transit (70)
Bike Score®
Very Bikeable (73)
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5701 W Girard Ave
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