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121 N 21st St
Philadelphia, PA 19103
Multifamily Property For Sale
·
6 Units
Investment Highlights
- Historically Designated Building with Renovations Completed in 2014, 2015, 2019, 2023, and 2024
- Exceptional Accessibility with Walk Score 97, Transit Score 100, and Bike Score 88
- Signi?cant Recent Capital Improvements: Facade/Street Windows, Six Hot Water Tanks, All Flooring, and Kitchen Appliances
- Prime Location Near Retail, Grocery, Center City Business District, and Interstate Access
Executive Summary
Marcus & Millichap is pleased to present 121 N 21st Street, a historically designated six-unit multifamily property located in the highly desirable Logan Square neighborhood of Philadelphia, Pennsylvania. Originally constructed in the early 20th century and fully modernized through renovations in 2014, 2015, 2019, 2023, and 2024, the property has been meticulously maintained under current ownership, offering investors a stabilized asset in one of Center City’s most walkable and transit-connected locations. Major capital improvements include six new hot water tanks (2023), and window replacements—rear windows in 2015 and front windows in 2023. Additionally, all apartments were upgraded in 2018, 2023, and 2024 with new ?ooring, stainless steel appliances, tile backsplash, ceiling LED lights with dimmers in all rooms, bathroom ?oor tile, bathroom ceiling tile, tubs, toilets, sinks, and mirrors. These upgrades signi?cantly reduce near-term maintenance costs while enhancing long-term asset value.
With an exceptional Walk Score of 97, Transit Score of 100, and Bike Score of 88, residents enjoy unmatched accessibility to the Central Business District, nearby retail corridors, grocery stores, and major highways. Surrounded by Philadelphia’s best restaurants, cultural attractions, and employment centers, 121 N 21st Street offers both stability and upside in a high-demand urban rental market.
With an exceptional Walk Score of 97, Transit Score of 100, and Bike Score of 88, residents enjoy unmatched accessibility to the Central Business District, nearby retail corridors, grocery stores, and major highways. Surrounded by Philadelphia’s best restaurants, cultural attractions, and employment centers, 121 N 21st Street offers both stability and upside in a high-demand urban rental market.
Property Facts
| Price Per Unit | $250,659 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.03 AC |
| No. Units | 6 | Building Size | 3,096 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1890 |
| Zoning | R10 | ||
| Price Per Unit | $250,659 CAD |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.03 AC |
| Building Size | 3,096 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1890 |
| Zoning | R10 |
Amenities
Unit Amenities
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Tenant Controlled HVAC
- Smoke Free
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | $1,709 CAD | 400 |
| 1+1 | 5 | $1,914 CAD | 450 |
Property Taxes
| Parcel Number | 881041510 | Improvements Assessment | $790,199 CAD |
| Land Assessment | $338,657 CAD | Total Assessment | $1,128,855 CAD |
Property Taxes
Parcel Number
881041510
Land Assessment
$338,657 CAD
Improvements Assessment
$790,199 CAD
Total Assessment
$1,128,855 CAD
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