Listed by MPN Realty, Inc.
$550,000
211 S 45TH STREET
Details
APN 272142205
Property Type Multifamily
Sub Type Apartment Building
Square Footage 2,474
Units 3
NOI $34,046
Occupancy 100%
Tenancy Multi
Year Built 1915
Buildings 1
Stories 3
Acreage 0.047
Zoning Commercial Mixed-Use (CMX-2)
Multifamily | 3 Units | $183,333/unit
Marketing description
Seller owns additional real estate in the same immediate area and would consider a portfolio sale. Contact broker for more information.
Investment highlights
- (3) Residential units (rental license is only for 2 units)
- 3 bed/ 2 bath unit renting at $1,950
- 2 bed/ 1 bath unit renting at $1,525
- 2 bed/ 1 bath unit renting at $1,600
- Average Apartment Rent $1,692
- Gross Scheduled Rents $60,900
- Net Operating Income $34,046
- Gross Building Area 2,474 SF
- Brick Exterior with Victorian architecture
- Central heating & air, and Mini-split wall units
- W/D In unit
- Separately metered utilities paid by tenant
- Hard wired smoke and fire system
- Spruce Hill - one of Philadelphia's most beloved historic neighborhoods
- Easy access to downtown via streetcar, bike, or public transit
- Clark Park nearby - 9 acres of community space
- Minutes from University of Pennsylvania and Drexel University campuses
Listing Contacts
Listed by MPN Realty, Inc.
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$34,046.00
$2,837.17/mo
Valuation Metrics
0
DSCR
6.19%
Cap Rate
6.19%
ROI
Map
Zoning
CMX2 MixedMixed UseNeighborhood Commercial Mixed Use
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View all 104 uses
View all 104 uses Last updated Apr 21, 2026 For deeper zoning details, reports are available at Zoneomics
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