www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
34298456
34298457

2215 East Tioga Street, Philadelphia, PA 19134

MH
PA RS345375
Graystone Capital Advisors
LG
NJ 0790741, PA AB067647
Graystone Capital Advisors
Listed by Graystone Capital Advisors
$9,450,000
2 days on market
Updated 2 days ago

East Tioga Lofts

Details
APN 884839202
Property Type Multifamily
Sub Type Apartment Building
Square Footage 33,555
Units 45
Cap Rate 6.64%
NOI $627,272
Occupancy 100%
Tenancy Multi
Pro-Forma Cap Rate 7.32%
Pro-Forma NOI $691,952
Price per SqFt $282
Year Built 2022
Buildings 3
Acreage 0.640
Zoning ICMX
Parking Spaces 17 spaces
Parking per 1,000 SqFt 0.51
Investment Type Value Add

Multifamily | 45 Units | $210,000/unit

Marketing description

East Tioga Lofts is a luxury loft apartment community located at 2215 East Tioga Street in the Port Richmond neighborhood of Philadelphia, Pennsylvania. The property comprises two distinct collections: East Tioga Lofts, featuring newly constructed 1- and 2-bedroom apartments, and The Residences at East Tioga Lofts, offering new construction bi-level 2- and 3-bedroom homes. Originally constructed as a lumber yard and later converted into an art studio, the building has been thoughtfully reimagined into a contemporary residential community that preserves the character of its historic industrial origins. Units feature premium finishes including hardwood floors, in-unit washer/dryer, and generous natural light. Community amenities include on-site parking with key fob access, a dog park, a courtyard, and bike storage. The property is situated directly adjacent to the Fishtown neighborhood, with convenient access to the Market Frankford Line, I-95, and major employment and educational destinations including Temple University, the University of Pennsylvania, Drexel University, and Rutgers–Camden.

Investment highlights

  • Located in a highly sought-after area of Philadelphia, 2215 E Tioga St benefits from excellent access to major transportation routes, local amenities, and key business hubs. The property is poised for long-term appreciation, making it an ideal investment in a thriving and dynamic neighborhood.
  • The property boasts a portfolio of well-maintained units that have been carefully constructed and continuously updated. With modern finishes, the property provides a premium living experience for tenants, ensuring strong retention and stable cash flow.
  • A highly experienced management team oversees the property, delivering operational excellence and high tenant satisfaction. Their proactive approach to leasing, maintenance, and tenant relations helps optimize property performance, mitigating risk and ensuring consistent returns.
  • With current rents differing by as much as 25% within unit types, 2215 E Tioga offers a compelling opportunity for rent growth. As demand for rental units in the Philadelphia market continues to rise, strategic adjustments to rental rates will unlock substantial income growth and increase the property's overall value.

Listing Contacts

MH
PA RS345375
Graystone Capital Advisors
LG
NJ 0790741, PA AB067647
Graystone Capital Advisors
Listed by Graystone Capital Advisors

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$627,272.00
$52,272.67/mo

Valuation Metrics

0
DSCR
6.64%
Cap Rate
6.64%
ROI

Map

Zoning

Intelligence Badge
ICMX MixedMixed UseIndustrial Commercial Mixed Use
View municipality zoning documents
Upgrade to see the zone description and what's allowed on this property
Upgrade to search and view land use codes
View all 78 uses
View all 78 uses
Last updated Apr 21, 2026 For deeper zoning details, reports are available at Zoneomics

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591