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Listed by Taison DeVore • Trinity Property Advisors
$ 600,000
Est. payment | /mo
4,512 Sqft Lot
$ 600,000
Est. payment | /mo
4,512 Sqft Lot
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PAPH2670086
Year Built 1925
Annual Tax Amount $4,482
Tax Year 2026
Lot Size 4,512 Sqft
Acres 0.1
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
6-Unit Multi-Family with Coin Laundry Income | 12.7% Cap Rate
Nicetown-Tioga | Philadelphia, PA 19140
Fully occupied, cash-flowing multi-family investment offered at $600,000 — a 12.7% capitalization rate on in-place income and $100,000 per unit. This 1925-built brick building offers approximately 3,518 SF on a 4,512 SF lot, currently producing $7,500/month ($90,000 annually).
Unit Mix
• One studio — $900/mo
• Two 1-bedrooms — $1,400/mo each
• One 1BR/1BA — $1,300/mo
• Two 2-bedrooms — $1,300 and $1,200/mo
• Coin-operated laundry on the first floor (additional income)
In-Place Financials
• Gross potential income: $91,800
• Operating expenses (T-12): $10,819
• Net operating income: $76,391
• 2025 real estate taxes: $4,152
• Gross rent multiplier: 6.7x
Why This Building
Major capital work is already done. New roof (2023), boiler serviced and maintained, and updated common-area lighting mean a buyer isn't inheriting a systems problem. Remaining upside is cosmetic — flooring and paint across several units — plus room to modernize the laundry equipment for higher collections.
Leases are primarily month-to-month, so a new owner has immediate flexibility to bring rents to market rather than waiting out a year of fixed terms. Operating costs stay low: tenants carry their own utilities where submetered, and ownership covers only water/sewer and common-area electric.
ALSO AVAILABLE: THE ADJACENT BUILDING
1818 W Tioga St — 5 units — $600,000
The building next door is also on the market. Purchased together, the two properties form an 11-unit portfolio at $1,200,000 on a single contiguous lot:
• $13,600/month — $163,200 annual gross rents, plus two laundry income streams
• $137,227 combined net operating income
• 11.4% cap rate — $109,091 per unit
• One management footprint, one maintenance route, consolidated vendor relationships
• Single transaction, single closing, single diligence process
Buyers seeking scale can acquire both under one contract. Buyers seeking a single entry-point asset can take either building on its own.
Full offering memorandum, rent roll, T-12 expenses, and lease files available upon request. Property tours by appointment.
Nicetown-Tioga | Philadelphia, PA 19140
Fully occupied, cash-flowing multi-family investment offered at $600,000 — a 12.7% capitalization rate on in-place income and $100,000 per unit. This 1925-built brick building offers approximately 3,518 SF on a 4,512 SF lot, currently producing $7,500/month ($90,000 annually).
Unit Mix
• One studio — $900/mo
• Two 1-bedrooms — $1,400/mo each
• One 1BR/1BA — $1,300/mo
• Two 2-bedrooms — $1,300 and $1,200/mo
• Coin-operated laundry on the first floor (additional income)
In-Place Financials
• Gross potential income: $91,800
• Operating expenses (T-12): $10,819
• Net operating income: $76,391
• 2025 real estate taxes: $4,152
• Gross rent multiplier: 6.7x
Why This Building
Major capital work is already done. New roof (2023), boiler serviced and maintained, and updated common-area lighting mean a buyer isn't inheriting a systems problem. Remaining upside is cosmetic — flooring and paint across several units — plus room to modernize the laundry equipment for higher collections.
Leases are primarily month-to-month, so a new owner has immediate flexibility to bring rents to market rather than waiting out a year of fixed terms. Operating costs stay low: tenants carry their own utilities where submetered, and ownership covers only water/sewer and common-area electric.
ALSO AVAILABLE: THE ADJACENT BUILDING
1818 W Tioga St — 5 units — $600,000
The building next door is also on the market. Purchased together, the two properties form an 11-unit portfolio at $1,200,000 on a single contiguous lot:
• $13,600/month — $163,200 annual gross rents, plus two laundry income streams
• $137,227 combined net operating income
• 11.4% cap rate — $109,091 per unit
• One management footprint, one maintenance route, consolidated vendor relationships
• Single transaction, single closing, single diligence process
Buyers seeking scale can acquire both under one contract. Buyers seeking a single entry-point asset can take either building on its own.
Full offering memorandum, rent roll, T-12 expenses, and lease files available upon request. Property tours by appointment.
Location
State PA
County Philadelphia
Area 19140 (19140)
Zoning RSA3
Interior
Hot Water Electric
Heating Forced Air
Cooling None
Heat Source Electric
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 112086700
Ownership Fee Simple
Acceptable Financing Cash, Conventional, Other
Listing Terms Cash, Conventional, Other
Financing Cash,Conventional,Other
Special Listing Condition Standard
Nearby Locations