129 131 W Susquehanna Ave

Highlights:

• Days on Market: 11
• Heating: Hot Water

Description:

129 & 131 W Susquehanna Avenue is a stabilized 10-unit multifamily investment located directly on Norris Square Park in the Norris Square section of Philadelphia.

The property features a diversified unit mix and strong occupancy, generating consistent rental income with zero vacancy. At the offering price, the asset delivers an attractive going-in cap rate with additional upside through continued rent optimization, unit upgrade improvements, and long-term market appreciation.
This opportunity is well-suited for both cash-flow-focused investors and value-oriented buyers seeking a stable asset in an improving Philadelphia submarket.

Investment Highlights
-10-unit stabilized multifamily asset
-Strong in-place income with 0% vacancy at underwriting
-Attractive entry basis at $120,000 per unit
-Going-in cap rate of 7.05% on in-place NOI
-Diversified unit mix supporting tenant demand
-Ideal for long-term hold or leveraged cash-flow strategy
-Located directly on and facing Norris Square Park
-2 blocks away from Fishtown

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Listing ID: 804616394520