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3073 Martha St

$3,520,000

3073 Martha St, Philadelphia, PA 19134

Active
Last Updated: 10/01/2025

8.54

Cap Rate

387,559

NOI

Details:
Cap Rate:    8.54%
NOI:    $387,559
Building Size:    1,264 sqft
Year Built:    1910
Price Per Sqft:    $2,784.81
Zoning:    RSA5
Highlights:
  • Days on Market: 64
  • Heating: Other
Description:

We are pleased to present to market an exclusive opportunity to acquire a stabilized, income-producing portfolio consisting of 31 scattered-site single-family rentals located across key submarkets of North and West Philadelphia. The portfolio is 100% leased with long-term tenants in place (average lease term of > 5.6 years), and has undergone significant renovation work within the last 5-10 years, offering durable in-place cash flow and strong occupancy history. While each home varies slightly in configuration and style, the majority feature modernized mechanicals, updated kitchens and baths, and efficient layouts tailored to working-class tenant demand. Despite its stabilized performance, rents across the portfolio remain below market averages, positioning the portfolio for strong NOI growth through targeted unit turnover and operational optimization.

The properties all have long-term active rental licenses, no violations, and are certified lead safe. This portfolio offers a rare blend of current cash flow and strategic upside in a high-demand rental corridor within Philadelphia’s path of growth. Ideal for local or institutional investors seeking scale in an urban SFR market with tangible long-term appreciation potential.

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