Philadelphia, PA 19140 1945 W Hunting Park Avenue

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Presented By: Re/Max One Realty
  • MLS# PAPH2528390
  • 09/30/2025
  • Request Tour
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  • SQFT • 2,575

Home Details

INVESTMENT OPPORTUNITY LEGAL 5-UNIT MULTIFAMILY IN GROWING PHILADELPHIA NEIGHBORHOOD | 7.6% CAP RATE Heres your chance to own a legal five-unit apartment building in one of Philadelphias rapidly growing neighborhoods. Ideally situated near Route 1 and Broad Street, this property offers unbeatable convenience and strong rental demand. The building consists of: (3) One-bedroom units (2) Studio units Three of the five units have been recently renovated, and the entire property is in solid, well-maintained condition. With conservative rents projected (see attached pro forma), this investment offers a starting cap rate of 7.6%and potential for increased returns with further updates or market rent adjustments. Highlights: Prime commuter location near major arteries Legal 5-unit building Renovations already completed in majority of units Strong cap rate in a developing market Whether youre looking to expand your portfolio or enter the multifamily market, this property checks all the boxes: location, cash flow, and upside potential.
Presented By: Re/Max One Realty

Interior Features for 1945 W Hunting Park Avenue

Other Interior Features

Central Air Y/NNo
FlooringLuxury Vinyl Plank
Heating FuelNatural Gas, Electric
Heating Y/NYes
Hot WaterNatural Gas
Total Stories3

General for 1945 W Hunting Park Avenue

AccessibilityNone
Association Fee0.00
Business TypeApartment Building
Cap Rate7.60
CityPHILADELPHIA
Construction MaterialsMasonry
Cool FuelNone
CoolingNone
CountyPHILADELPHIA
DirectionsHunting park ave South from 18th st
HeatingBaseboard - Electric
Historic Y/NNo
Insurance Expense3120.00
Location TypeCorner Lot/Unit
Lot Size Square Feet1172.00
Lot Size UnitsSquare Feet
MLS Area19140 (19140)
MaintenanceExpense5460.00
MunicipalityPHILADELPHIA
Net Operating Income31150.00
New ConstructionNo
Number Of Units Total5
OwnerPaysInsurance, Management, Common Area Maintenance, Sewer, Sewer Maintenance, Snow Removal, Taxes - Real Estate, Trash Collection, Water
OwnershipFee Simple
PossessionImmediate
Possible UseApartment Building, Apartments
Price Per Sq Ft Total AG126.17
Property ConditionAverage
Property SubtypeOther
Property TypeCommercial Sale
Property UseInvestment
RoofFlat
SewerPublic Sewer
Standard StatusActive
StatusACTIVE
Tax Annual Amount4591.0
Tax Assessed Value328000.0
Tax Lot162
Tax Year2025
Total Actual Rent52140.00
Trash Expense600.00
Vacation Rental Y/NNo
Water Access Y/NNo
Year Built1940
Year Built SourceEstimated
ZoningCMX2

Exterior for 1945 W Hunting Park Avenue

Building Area Total2575.00
Car Parking Spaces5
Land Assessed Value98400.00
Land Use CodeU50
Lot FeaturesCorner
Lot Size Acres0.03
Lot Size SourceEstimated
Navigable Water Y/NNo
Total Loading Docks0
Total Parking Spaces5
Type of ParkingOn Street
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo
Waterfront Y/NNo

Additional Details

Price History

Rachel Shepherd

Price $324,900
MLS#PAPH2528390
List Date 09/30/2025
Property Type Commercial
Phone 703.929.4729
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