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129-131 W Susquehanna Ave
For Sale $1,200,000
$1,200,000
- 10 Units
- Unknown Sq Ft
- 2,400 Sq Ft
- Unknown Cap Rate
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
Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $1,200,000 |
| Property Type | Multi-Family |
| Usable Sqft | Unknown |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 1925 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 881299306 |
| MLS # | PAPH2592042 |
| Property ID | 294878806 |
| Lot Sqft | 2,400 |
| Zoning | RM1 |
| Total Units | 10 |
| Days on Market | 1 |
| Original List Price | Unknown |
| Date Updated | March 10, 2026 |
| Date Created | March 09, 2026 |
| Land Value Unit Type | SF |
Financials not available online. Please inquire with your agent for more details.
Listing Provided By
Saam Tashayyod an agent of .
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Data last updated: March 10, 2026.
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Robert Crawford
REAL ESTATE AGENT