$800,000
For Sale by Owner
Listed 2 months ago

Multi-Family for Sale in Philadelphia, PA

4107 W Girard Ave, Philadelphia, PA 19104
Studio
0 Bath
Built 2022
PropSlick Verified Data Key facts & insights for this exact address
2022
Year Built
1,988 sf
Lot Size
Philadelphia
County

Key Facts

Property TypeMulti-Family
Year Built2022
Lot Size1,988 sq ft

Property Description

We are pleased to present 4107 W Girard Avenue, a 5-unit multifamily investment opportunity located along the rapidly improving Girard Avenue corridor in West Philadelphia. The property totals approximately 4,568 rentable square feet and features five spacious one-bedroom apartments averaging approximately 914 square feet per unit. The asset is currently stabilized and generates strong in-place cash flow, providing investors with immediate yield and a straightforward operational profile. The property's larger-than-average unit sizes differentiate it from competing multifamily inventory within the surrounding submarket, supporting strong tenant demand and long-term occupancy stability. Current rents average approximately $1,450 per unit, while projected market rents are approximately $1,520 per unit, creating a clear mark-to-market opportunity through natural lease turnover. The combination of stable operations and embedded rental upside provides investors with a practical path to NOI growth without requiring significant capital expenditures. Located along the Girard Avenue corridor, the property benefits from strong connectivity to University City, Center City, Fairmount Park, and major employment centers throughout Philadelphia. Continued investment and neighborhood improvement throughout the surrounding area have supported consistent rental demand and long-term appreciation potential. Investment Highlights 5-Unit Multifamily Investment Opportunity Approximately 4,568 Rentable Square Feet Average Unit Size of 914 SF Stabilized In-Place Cash Flow Current NOI of Approximately $61,566 7.70% Going-In Cap Rate Demonstrated Mark-to-Market Opportunity with Approximately 5% Rental Upside Attractive Basis at $160,000 Per Unit and $175 PSF Large One-Bedroom Floorplans Supporting Durable Tenant Demand Convenient Access to University City, Center City, and Major Employment Hubs Price: $800,000 Price/Unit: $160,000 Price/SF: $175.13 In-Place Cap Rate: 7.70% Year 1 Cap Rate: 8.10%

Listing description provided by the property owner. PropSlick is not responsible for the accuracy of listing descriptions or any claims made by property owners. PropSlick operates as an advertising platform under 47 U.S.C. 230. Report discriminatory content.

Amenities and Features

Heating

Property Location

Map shows approximate location. Exact address provided to serious inquirers upon contact.

Property Research
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Sale history, tax records, neighborhood appreciation, and investment analysis for this address.
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