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Park-side Quadplex 1501 N Bailey St 4 Unit Apartment Building $1,502,193 CAD ($375,548 CAD/Unit) 6.63% Cap Rate Philadelphia, PA 19121

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Executive Summary

Located just off Athletic Square Park and Brewerytown Garden, this cash-flowing quadplex presents a 6.63% pro forma cap rate with four (4) high-design apartments in the coveted Brewerytown submarket of Philadelphia, Pennsylvania — a Top-10 USA MSA. Complete with private patios and skyline roofdecks for outdoor enjoyment in a bucolic urban setting — walkable to prime amenities — this 4-storey multifamily property carries a full 10-yr tax abatement through 2029 with minimal OPEX and rental upside. Nine (9) total bedrooms (three 2bd x 2.5ba units, one 3bd x 2.5ba unit) throughout the ±5,000 SF apartment building. Easy access to Girard Avenue's bevy of shops, bars, restaurants, cafes, breweries and bruncheries — as well as Fairmount Park, the largest urban park in America. Easily accessible to Philly's iconic Boathouse Row, Schuylkill River Trail and Museums District. Convenient to Center City and University City and all major roadways throughout the Philadelphia MSA. Purchase this prime real estate investment in a fast-growing submarket experiencing above-average rent growth and start building your portfolio today.

Property Facts

Price $1,502,193 CAD
Price Per Unit $375,548 CAD
Sale Type Investment
Cap Rate 6.63%
No. Units 4
Property Type Multifamily
Property Subtype Apartment
Apartment Style Mid-Rise
Building Class B
Lot Size 0.04 AC
Building Size 5,000 SF
No. Stories 4
Year Built 2020
Opportunity Zone Yes
Zoning RM1

Amenities

Unit Amenities

  • Air Conditioning
  • Dishwasher
  • Disposal
  • Fireplace
  • Microwave
  • Washer/Dryer
  • Heating
  • Kitchen
  • Hardwood Floors
  • Refrigerator
  • Oven
  • Stainless Steel Appliances
  • Range
  • Tub/Shower
  • Yard
  • Built-In Bookshelves
  • Deck
  • Intercom
  • Patio

Site Amenities

  • Roof Terrace

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+2.5 3 - 1,038
3+2.5 1 - 1,776
Walk Score®
Very Walkable (75)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Property Taxes

Property Taxes

Parcel Number
291361505
Land Assessment
$312,839 CAD
Improvements Assessment
$1,251,354 CAD
Total Assessment
$1,564,193 CAD
  • Listing ID: 38728083

  • Date on Market: 2025-12-10

  • Last Updated:

  • Address: 1501 N Bailey St, Philadelphia, PA 19121

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