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Listed by Samantha Lee Miller • Select Commercial Advisors
$1,375,000
Est. payment /mo
2,160 Sqft Lot
Active
1947 N 33RD ST Philadelphia, PA 19121
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Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Subdivision None Available
MLS Listing ID PAPH2471978
Year Built 2020
Available Date 2025-04-21
Annual Tax Amount $1,275
Tax Year 2024
Lot Size 2,160 Sqft
Acres 0.05
Lot Dimensions 24.00 x 90.00
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
1947 N 33rd Street: A turnkey, fully-stabilized, new construction multifamily asset with a 7.5% cap rate in North Philadelphia West across from Fairmount Park, featuring 5 spacious residential units - all two or three bedrooms each (average 1,380 SF per unit!) - on a desirable, scenic park-front stretch of North 33rd Street. Acquire this high-quality, low-maintenance, new-build (2020 vintage) with a little over 5 years remaining on a full 10-year property tax abatement. Delivered 100% leased, the property offers both steady cash flow and strong appreciation potential driven by the rapidly-developing North Philadelphia submarket. As new construction activity in Philadelphia declines, demand is expected to outpace supply, driving further rental growth in 2025, presenting a unique opportunity for investors to acquire a high-quality, income-producing asset with significant long-term upside.
Location
State PA
County Philadelphia
Area 19121 (19121)
Zoning RM1
Interior
Hot Water Electric
Heating Forced Air
Cooling Central A/C
Heat Source Electric
Exterior
Water Access N
View Park/Greenbelt
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction Y
Schools
School District Philadelphia City
Others
Tax ID 881000970
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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