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5911 Greene Street 5911 Greene St 4 Unit Apartment Building $665,000 ($166,250/Unit) 7.34% Cap Rate Philadelphia, PA 19144
INVESTMENT HIGHLIGHTS
- Legal 4-Unit Multifamily + 3 Garage Bays
- One Residential Unit & One Garage Bay Vacant – Owner-Occupant Ready
- Projected Gross Rent: ~$6,000/Month (incl. garages)
EXECUTIVE SUMMARY
Sale Notes – 5911 Greene Street, Philadelphia, PA 19144
Exceptional opportunity to acquire a legal 4-unit multifamily property with 3 garage bays in Philadelphia’s rapidly growing West Germantown neighborhood. With projected gross income of approximately $6,000/month at full occupancy—including rental income from the garage bays—this asset offers strong current and future cash flow.
One residential unit and one garage bay are currently vacant, creating an ideal setup for an owner-occupant to live in the property while generating rental income from the other three units and two leased garage spaces. Alternatively, investors can fill the vacant unit and garage bay to bring the building to full cash-producing potential. All four units are 1 bed, 1 bath with varied, flexible layouts; some may support conversion to 2-bedroom units for additional upside.
The property has been consistently maintained by the current owner and has no deferred maintenance. Located just steps from Germantown Avenue—one of Philadelphia’s strongest commercial corridors—5911 Greene sits in the path of continued growth and development flowing from Mt. Airy and East Falls. Public transit access is excellent via the Chestnut Hill West regional rail line and multiple bus routes. Tenants are also minutes from Wissahickon Valley Park, shops, cafés, and neighborhood staples like Ultimo Coffee and A&N Produce.
This is a rare chance to acquire a turnkey legal 4-unit in a high-demand rental pocket, with strong fundamentals, appreciating neighborhood trends, and multiple paths to value. Ideal for investors seeking cash flow and appreciation, or owner-occupants looking to house-hack in one of Northwest Philadelphia’s most dynamic communities.
Exceptional opportunity to acquire a legal 4-unit multifamily property with 3 garage bays in Philadelphia’s rapidly growing West Germantown neighborhood. With projected gross income of approximately $6,000/month at full occupancy—including rental income from the garage bays—this asset offers strong current and future cash flow.
One residential unit and one garage bay are currently vacant, creating an ideal setup for an owner-occupant to live in the property while generating rental income from the other three units and two leased garage spaces. Alternatively, investors can fill the vacant unit and garage bay to bring the building to full cash-producing potential. All four units are 1 bed, 1 bath with varied, flexible layouts; some may support conversion to 2-bedroom units for additional upside.
The property has been consistently maintained by the current owner and has no deferred maintenance. Located just steps from Germantown Avenue—one of Philadelphia’s strongest commercial corridors—5911 Greene sits in the path of continued growth and development flowing from Mt. Airy and East Falls. Public transit access is excellent via the Chestnut Hill West regional rail line and multiple bus routes. Tenants are also minutes from Wissahickon Valley Park, shops, cafés, and neighborhood staples like Ultimo Coffee and A&N Produce.
This is a rare chance to acquire a turnkey legal 4-unit in a high-demand rental pocket, with strong fundamentals, appreciating neighborhood trends, and multiple paths to value. Ideal for investors seeking cash flow and appreciation, or owner-occupants looking to house-hack in one of Northwest Philadelphia’s most dynamic communities.
FINANCIAL SUMMARY (PRO FORMA - 2026) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (PRO FORMA - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
| Price | $665,000 | Apartment Style | Low-Rise |
| Price Per Unit | $166,250 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.12 AC |
| Cap Rate | 7.34% | Building Size | 4,500 SF |
| No. Units | 4 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1900 |
| Property Subtype | Apartment | Parking Ratio | 0.67/1,000 SF |
| Zoning | RSA3 - 4 Unit Residential Property with 3 Car Garage Parking | ||
| Price | $665,000 |
| Price Per Unit | $166,250 |
| Sale Type | Investment |
| Cap Rate | 7.34% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 4,500 SF |
| No. Stories | 4 |
| Year Built | 1900 |
| Parking Ratio | 0.67/1,000 SF |
| Zoning | RSA3 - 4 Unit Residential Property with 3 Car Garage Parking |
AMENITIES
UNIT AMENITIES
- Dishwasher
- Storage Space
- Washer/Dryer
- Heating
- Kitchen
- Refrigerator
- Oven
- Stainless Steel Appliances
- Basement
- Island Kitchen
- Porch
- Skylights
- Large Bedrooms
SITE AMENITIES
- Laundry Facilities
- Vintage Building
- Storage Space
- Public Transportation
- Private Bathroom
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | $1,300 | - |
1 1
Walk Score®
Walker's Paradise (91)
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5911 Greene Street | 5911 Greene St
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