5701 W Girard Ave Immeuble residentiel 6 lots 364 854 € (60 809 €/Lot) Philadelphia, PA 19131

Positioned in the heart of Carroll Park, this fully renovated six-unit multifamily building offers a compelling blend of historic charm and modern upgrades. Built in 1925 and thoughtfully restored, the property showcases classic masonry architecture with a flat roof, complemented by contemporary interiors featuring wood flooring, upgraded bathrooms, and decorative high ceilings that amplify natural light.
Each of the six 1-bedroom, 1-bath apartments has been updated to meet today’s tenant expectations, making this a turnkey investment with strong income performance. With a gross annual income of $50,820 and a net operating income of $40,975, the property delivers an estimated cap rate exceeding 9%, ideal for investors seeking immediate cash flow and long-term upside.
Strategically located near major Philadelphia destinations—including I-76, Center City, University City, Fairmount Park, Boathouse Row, the Philadelphia Museum of Art, and the Philadelphia Zoo—this asset benefits from exceptional connectivity and tenant appeal. Zoned RM1, the site allows for multifamily use and potential expansion, adding flexibility for future value creation.
Whether you're expanding your portfolio or entering the multifamily market, this property presents a rare opportunity to capitalize on Philadelphia’s growing rental demand in a vibrant, transit-accessible neighborhood.