90 E Johnson St

Highlights:

• Days on Market: 91
• Heating: Hot Water

Description:

90 East Johnson Street, a fully stabilized 7-unit multifamily property in Germantown. The building features a mix of 1-bedroom and 3-bedroom units with efficient layouts and durable finishes.
In addition to consistent in-place income, the property sits on an oversized 11,309
SF lot that offers potential for subdivision and new construction of an additional
single-family home or duplex (buyer to verify). With minimal capital needs, strong
tenant demand, and long-term upside through land value, this is a compelling
opportunity in one of Philadelphia’s most active submarkets. With in-place monthly income of $9,344 and minimal operating expenses, the asset delivers a CAP rate of 7.10% and a projected Year 1 return of 8.71%. The current ownership has maintained high occupancy and minimal turnover, positioning the
asset as a plug-and-play opportunity for both private and institutional investors.
Importantly, the property features no immediate capital needs, preserving investor
yield and eliminating operational friction. Located within walking distance of SEPTA transit, Germantown Avenue retail, and other lifestyle amenities, the site benefits from excellent connectivity and
neighborhood demand drivers. We welcome inquiries from investors seeking stabilized, cash-flowing real estate in one of Philadelphia’s most dynamic rental corridors.

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Listing ID: 804049114740