1851 GERMANTOWN AVE, Philadelphia, PA 19122

Property Description

Built in 2019 and still benefiting from Philadelphia’s 10-year tax abatement, this CMX-2 mixed-use property delivers stable, long-term cash flow in a fast-improving section of North Philadelphia. The building includes one street-level commercial tenant (a daycare) and six residential condo-grade units above, all fully leased with strong in-place tenants. With an in-place NOI of $188,000 and an asking price of $2,450,000, the asset offers investors a 7.7% cap rate on actual income. The structure and finishes are modern, minimizing near-term maintenance and reducing ownership expense. The property sits along Germantown Avenue’s active redevelopment corridor—near new multifamily, community, and retail projects—positioning it for continued appreciation as the neighborhood matures. Highlights 2019 Construction – Modern systems and finishes 100% Occupied – One commercial + six residential tenants Tax Abatement through 2029 – Exceptional near-term yield

Listing Status:

Active

Listing Office:

Keller Williams Main Line : 6105200100

Listing Agent:

Jon M O'Shea : 2677803419

MLS ID:

PAPH2545004

Interior

• A/C: Central A/C
• Heating: Forced AirNatural Gas
• Disability Feature: None

Construction

• General: Masonry

Location

• Originating MLS: BRIGHT_MAIN
• School District: PHILADELPHIA CITY
• County: PHILADELPHIA-PA

Lot

• Zoning: CMX2881078516

Utilities

• Water: Public
• Sewer: Public Sewer

Financial

• Source: BRIGHT_MAIN

This listing courtesy of Jon M O'Shea, Keller Williams Main Line