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405 S 42nd St
For Sale $3,450,000
$3,450,000
- 12 Units
- Unknown Sq Ft
- 4,929 Sq Ft
- Unknown Cap Rate
Description
On behalf of Ownership, GREA extends to qualified investors the opportunity to acquire the fee simple interest in 405 and 407 South 42nd Street situated in the Spruce Hill neighborhood of West Philadelphia (the “Property” or “Asset”). The Asset boasts an attractive unit mix in a prime area that has become more affluent as the University of Pennsylvania and Children's Hospital of Philadelphia have focused on expanding their footprint in University City Philadelphia. The Property is comprised of two buildings containing a total of 14 apartments with a mix of 29% one-bedroom/one-bath units, 7% two-bedroom/one-bath units, and 64% two-bedroom/two-bath units. This offering presents new ownership with a significant opportunity to own a newly renovated product at an attractive basis below replacement cost. The Property is positioned to offer high-quality, premium finishes at a reduced rent compared to new construction assets. Occupancy at these assets will remain high due to renter demand, the quality of the units, and an ed’s and med’s tenant base due to the property’s proximity to the University of Pennsylvania, Drexel University, Penn Medicine, CHOP, and the UCity Science Center. The Asset is located minutes from major highway routes such as I-95, I-76 (the Schuylkill Expressway, and I-676, presenting unparalleled access throughout the Philadelphia MSA. Further, tenants are a short walk from the SEPTA Green Line Trolley transporting commuters directly into Center City Philadelphia. 405 and 407 South 42nd Street is well positioned to service a growing tenant base looking for affordable luxury units in a market attracting Ed’s and Med’s to some of the finest learning institutions in the country.
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 | $3,450,000 |
| Property Type | Multi-Family |
| Usable Sqft | Unknown |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 1900 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 881610500 |
| MLS # | PAPH2509534 |
| Property ID | 321295083 |
| Lot Sqft | 4,929 |
| Zoning | RTA1 |
| Total Units | 12 |
| Days on Market | 184 |
| Original List Price | Unknown |
| Date Updated | June 25, 2025 |
| Date Created | June 24, 2025 |
Financials not available online. Please inquire with your agent for more details.
Listing Provided By
Moshe Adika an agent of TCS Management, LLC. Lic #RS362800
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Data last updated: December 25, 2025.
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Robert Crawford
REAL ESTATE AGENT