Description
1947 N 33rd Street: A turnkey, fully-stabilized, new construction multifamily asset with a 7.5% cap rate in North Philadelphia West across from Fairmount Park, featuring 5 spacious residential units – all two or three bedrooms each (average 1,380 SF per unit!) – on a desirable, scenic park-front stretch of North 33rd Street. Acquire this high-quality, low-maintenance, new-build (2020 vintage) with a little over 5 years remaining on a full 10-year property tax abatement. Delivered 100% leased, the property offers both steady cash flow and strong appreciation potential driven by the rapidly-developing North Philadelphia submarket. As new construction activity in Philadelphia declines, demand is expected to outpace supply, driving further rental growth in 2025, presenting a unique opportunity for investors to acquire a high-quality, income-producing asset with significant long-term upside.
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Neighborhood & Market Insights
This property is 230.9% above the current neighborhood median.
The schools block is active and ready for district, ratings, and assigned-school provider data.
18.7% modeled change across available points
- Principal and Interest
- Property Tax
- HOA fee
