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32619764

1620 North Bailey Street, Philadelphia, PA 19121

VY
NJ 0345309
Prudential Fox & Roach Realtors
Listed by Prudential Fox & Roach Realtors
$1,200,000
24 days on market
Updated 24 days ago
Opportunity zone

Philadelphia County Multifamily Asset

Details
APN 324117000
Property Type Multifamily
Sub Type Apartment Building
Square Footage 6,300
Units 6
Tenancy Vacant
Price per SqFt $190
Class B
Year Built 2026
Year Renovated 2026
Buildings 1
Acreage 0.050
Zoning RSA5
Parking Spaces 2 spaces
Parking Per SqFt 0.32
Investment Type Value Add

Multifamily | 6 Units

Marketing description

Exceptional investment opportunity to acquire a newly constructed 6-unit multifamily asset in a rapidly developing section of Philadelphia. Ideally positioned just 2 miles from major hospitals, minutes from Fairmount Park, and within walking distance to popular dining and neighborhood amenities, this turnkey property is designed to attract strong tenant demand and long-term rental stability. The building features thoughtfully designed modern residences with high-end finishes throughout, including contemporary two-tone kitchens, stainless steel appliances, Calacatta quartz countertops, recessed LED lighting, oversized casement windows, luxury vinyl flooring, and in-unit washer/dryers in every apartment. Select units offer eat-in kitchen bars, private balconies, walk-in showers, and access to roof deck space, creating premium appeal for today's renters. Spacious bedroom layouts and ample closet space further enhance tenant retention potential. This asset presents an ideal opportunity for investors seeking low-maintenance new construction with strong income potential in one of Philadelphia's growing rental corridors. With modern systems, efficient layouts, and luxury-style finishes, the property offers reduced near-term capital expenditure exposure and strong positioning for market-rate rents. Additional income potential is available through two on-site parking spaces leased separately at $100 per month each. Whether added to an existing portfolio or acquired as a stabilized long-term hold, this newly built multifamily property combines location, quality construction, and desirable amenities to create a compelling investment opportunity in the Philadelphia market.

Investment highlights

  • Exceptional investment opportunity to acquire a newly constructed 6-unit multifamily asset in a rapidly developing section of Philadelphia
  • Ideally positioned just 2 miles from major hospitals, minutes from Fairmount Park, and within walking distance to popular dining and neighborhood amenities
  • This turnkey property is designed to attract strong tenant demand and long-term rental stability
  • The building features thoughtfully designed modern residences with high-end finishes throughout, including contemporary two-tone kitchens, stainless steel appliances, Calacatta quartz countertops, recessed LED lighting, oversized casement windows, luxury vinyl flooring, and in-unit washer/dryers in every apartment
  • Select units offer eat-in kitchen bars, private balconies, walk-in showers, and access to roof deck space, creating premium appeal for today's renters
  • Spacious bedroom layouts and ample closet space further enhance tenant retention potential
  • This asset presents an ideal opportunity for investors seeking low-maintenance new construction with strong income potential in one of Philadelphia's growing rental corridors
  • With modern systems, efficient layouts, and luxury-style finishes, the property offers reduced near-term capital expenditure exposure and strong positioning for market-rate rents
  • Additional income potential is available through two on-site parking spaces leased separately at $100 per month each
  • Whether added to an existing portfolio or acquired as a stabilized long-term hold, this newly built multifamily property combines location, quality construction, and desirable amenities to create a compelling investment opportunity in the Philadelphia market

Listing Contacts

VY
NJ 0345309
Prudential Fox & Roach Realtors
Listed by Prudential Fox & Roach Realtors

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Additional Information

Name
Anne Tulloch
License
RM425913
Brokerage
BHHS Fox & Roach-Center City Walnut
Title
Broker of Record
Brokerage Address
530 Walnut St Ste 480, Philadelphia, PA 19106-3623
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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