129-131 W Susquehanna Avenue Philadelphia, PA $ 1,200,000
129-131 W Susquehanna Avenue
$ 1,200,000
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129-131 W Susquehanna Avenue

Philadelphia, PA, 19122
$ 1,200,000
Bedrooms-- Baths-- Sq 2,400

Monthly Estimate*

$ 7,389

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Commercial Property for sale in Philadelphia, PA

for $1,200,000. This 2,400 square foot building was built in 1925 on a lot size of 0.06.

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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Commercial Active

Price

$ 1,200,000

Property Type

Commercial

Taxes

$ 5,074

Style

Apartment Building

Lot Size

0.06

Year Built

1925

Town/City

Philadelphia

County/Region

Philadelphia

MLS | Web ID

PAPH2592042

Features
Interior
Heating Fuel Other
Hot Water Electric Other
Heating Y/N Y
Central Air Y/N N
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General
Sewer Private Sewer
Heating Hot Water
Cooling Other
Possession Immediate
Zoning RM1
Construction Materials Masonry
Year Built 1925
Property Subtype Five Or More Units
Tax Year 2025
Ownership Fee Simple
Cool Fuel None
Municipality PHILADELPHIA
Business Type Apartment Building
Accessibility Other
County PHILADELPHIA
New Construction N
Property Type Commercial Sale
Water Access Y/N N
Status ACTIVE
Directions From Downtown Hagerstown head north on Pennsylvania Ave / US-11. Continue approximately 4–5 miles toward Maugansville then turn onto Maugansville Rd. Property will be on the left/right.
City PHILADELPHIA
Number Of Units Total 10
MLS Area 19122 (19122)
Lot Size Units Square Feet
Lot Size Square Feet 2400.00
Tax Annual Amount 5074.0
Vacation Rental Y/N N
Standard Status Active
Year Built Source Assessor
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Exterior
Water Source Private
Type of Parking On Street Driveway
Water View Y/N N
Building Area Total 0.00
Lot Dimensions 20.00 x 120.00
Lot Size Acres 0.06
Lot Size Source Assessor
Waterfront Y/N N
Land Assessed Value 108750.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 129
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* Excluded Features
List By
Trophy Commercial Real Estate Llc

Broker

saam@trophycommercial.com

Email

Affordability Calculator

$7,811
Per Month
95%
5%
0%
Monthly Principal & Interest
$7,389
Monthly Property Taxes
$423
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
2136830 Elementary School
2137124 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/10/2026$1,200,000 Listed Price

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129-131 W Susquehanna Avenue, Philadelphia, PA, 19122 is a Commercial Property for sale at $1,200,000 with 2,400 sqft and a lot size of 0.06. 129-131 W Susquehanna Avenue was built in 1925. The property's zip code is 19122 which is in Philadelphia, PA