274-76 South 58th Street, Philadelphia, PA 19139 For Sale

SCOPE Commercial Real Estate Services, LLC ("SCOPE") is pleased to present the opportunity to acquire 274-76 South 58th Street, a six-unit multifamily property located in the Cobbs Creek section of West Philadelphia.

The asset consists of a well-maintained building configured with six two-bedroom, one-bathroom apartments, offering a consistent and highly functional unit mix that caters to a broad tenant base including workforce renters, young professionals, and students seeking larger living spaces. The two-bedroom, one-bathroom layout is particularly attractive in the submarket, providing flexibility for shared living arrangements and supporting strong leasing velocity. The property is has an average rent of $1,250 per unit, producing a stable and predictable income stream and offering investors an attractive going-in yield of approximately a 7.5% cap rate.

There is a clear path to continued rent growth through natural lease turnover and incremental interior upgrades. Comparable properties in the surrounding West Philadelphia submarket have demonstrated the ability to achieve higher rental rates for renovated units featuring modern kitchens, updated bathrooms, and contemporary finishes. As units turn, an investor can implement a light value-add strategy to align in-place rents with market-supported levels, while maintaining strong occupancy. This approach allows for both immediate cash flow and long-term appreciation without the need for a heavy repositioning program.

In addition to rent growth, the property benefits from a straightforward operational profile with a limited number of units and a simple building configuration, allowing for efficient management and reduced overhead. The uniform unit mix further simplifies leasing, maintenance, and capital planning, making the asset well-suited for both local operators and out-of-market investors seeking ease of ownership. The scale of the asset also presents an attractive entry point for investors looking to acquire a stabilized multifamily property in a strong urban location.

Residents benefit from proximity to a wide range of neighborhood amenities and transit options. The property is located near the 52nd Street commercial corridor, offering access to grocery stores, restaurants, and essential services. Multiple SEPTA bus and trolley lines run along nearby corridors, providing direct connectivity to University City, Center City Philadelphia, and surrounding neighborhoods. The location is further supported by its proximity to major employment drivers including the University of Pennsylvania, Drexel University, Penn Medicine, and Children's Hospital of Philadelphia, all of which contribute to sustained rental demand in the area.

Located in one of West Philadelphia's most active and evolving rental corridors, 274-76 South 58th Street offers investors the opportunity to acquire a stabilized asset with strong in-place cash flow, a desirable unit mix, and the potential for continued rent growth. The offering presents a compelling combination of current income and long-term upside within a well-established and transit-oriented neighborhood.