PROPERTY DESCRIPTION
6-Unit Multi-Family with Coin Laundry Income | 12.7% Cap Rate Nicetown-Tioga | Philadelphia, PA 19140 Fully occupied, cash-flowing multi-family investment offered at $600,000 a 12.7% capitalization rate on in-place income and $100,000 per unit. This 1925-built brick building offers approximately 3,518 SF on a 4,512 SF lot, currently producing $7,500/month ($90,000 annually). Unit Mix One studio $900/mo Two 1-bedrooms $1,400/mo each One 1BR/1BA $1,300/mo Two 2-bedrooms $1,300 and $1,200/mo Coin-operated laundry on the first floor (additional income) In-Place Financials Gross potential income: $91,800 Operating expenses (T-12): $10,819 Net operating income: $76,391 2025 real estate taxes: $4,152 Gross rent multiplier: 6.7x Why This Building Major capital work is already done. New roof (2023), boiler serviced and maintained, and updated common-area lighting mean a buyer isnt inheriting a systems problem. Remaining upside is cosmetic flooring and paint across several units plus room to modernize the laundry equipment for higher collections. Leases are primarily month-to-month, so a new owner has immediate flexibility to bring rents to market rather than waiting out a year of fixed terms. Operating costs stay low: tenants carry their own utilities where submetered, and ownership covers only water/sewer and common-area electric. ALSO AVAILABLE: THE ADJACENT BUILDING 1818 W Tioga St 5 units $600,000 The building next door is also on the market. Purchased together, the two properties form an 11-unit portfolio at $1,200,000 on a single contiguous lot: $13,600/month $163,200 annual gross rents, plus two laundry income streams $137,227 combined net operating income 11.4% cap rate $109,091 per unit One management footprint, one maintenance route, consolidated vendor relationships Single transaction, single closing, single diligence process Buyers seeking scale can acquire both under one contract. Buyers seeking a single entry-point asset can take either building on its own. Full offering memorandum, rent roll, T-12 expenses, and lease files available upon request. Property tours by appointment.