Fieldview Apartments 705-715 E Church Ln 54 Unit Apartment Building $5,670,000 ($105,000/Unit) Philadelphia, PA 19144

Horvath & Tremblay is pleased to present the opportunity to acquire Fieldview Apartments, a 54-unit multifamily property located in the Germantown neighborhood of Philadelphia. 705-715 Church Lane consists of 34 one-bedroom, one-bathroom units and 20 two-bedroom, one-bathroom units. 6 of the units are leased to PHA voucher holders. The units are currently under market and have room to increase. Market rents for similar units in Germantown average $1,175 for one-bedrooms and$1,300 for two-bedrooms, leading to a market average of $1,221 if you raise all units to meet the market. This would create about 26 percent of rental upside.
Located in the Germantown section of Northwest Philadelphia, Fieldview Apartments benefits from strong connectivity, local amenities, and nearby employment anchors. The property is minutes from La Salle University, a major driver of student and staff housing demand. It is also close to Einstein Medical Center and Jefferson East Falls Hospital, which support a steady population of healthcare professionals. Residents enjoy convenient access to SEPTA bus routes26, 65, and K, and the Chelten Avenue Regional Rail Station, offering a direct connection to Center City in under 25 minutes. The property is also 1.9 miles from SEPTA's Wayne Junction. The site offers easy access to major roadways, including Roosevelt Boulevard, Route 1, and I-76, making commuting across the region simple. The neighborhood features walkable access to local shops, grocers, and parks, including Awbury Arboretum, as well as nearby cafes and restaurants along Germantown Avenue. With strong transit, education, and healthcare proximity, the surrounding area supports consistent rental demand and long-term investment potential.