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251 S 12th St 3 Unit Apartment Building $2,077,695 CAD ($692,565 CAD/Unit) 5.92% Cap Rate Philadelphia, PA 19107
Investment Highlights
- Center City Location
- Fully Occupied
- Street to Street with Garage on rear of property
- Recently went through extensive rennovation
Executive Summary
251 S. 12th Street presents a well-located three-unit multifamily full occupied investment opportunity in Center City Philadelphia. The property has been renovated and offers an efficient residential layout with updated interiors, making it attractive to both investors and long-term owners. Its street-to-street configuration is a notable advantage, providing additional access from the rear of the property.
A key feature is the private garage located off the rear street, a valuable amenity in this dense Center City location where off-street parking is limited. Situated near Washington Square West, Center City, Jefferson University Hospital, restaurants, shopping, public transportation, and major employment centers, the property offers strong accessibility and long-term rental appeal.
A key feature is the private garage located off the rear street, a valuable amenity in this dense Center City location where off-street parking is limited. Situated near Washington Square West, Center City, Jefferson University Hospital, restaurants, shopping, public transportation, and major employment centers, the property offers strong accessibility and long-term rental appeal.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$128,053
|
$19.76
|
| Other Income |
$13,297
|
$2.05
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$141,350
|
$21.81
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$18,422
|
$2.84
|
| Net Operating Income |
$122,928
|
$18.97
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $128,053 |
| Annual Per SF | $19.76 |
| Other Income (CAD) | |
|---|---|
| Annual | $13,297 |
| Annual Per SF | $2.05 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $141,350 |
| Annual Per SF | $21.81 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $18,422 |
| Annual Per SF | $2.84 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $122,928 |
| Annual Per SF | $18.97 |
Property Facts
| Price | $2,077,695 CAD | Building Class | C |
| Price Per Unit | $692,565 CAD | Lot Size | 0.04 AC |
| Sale Type | Investment | Building Size | 2,664 SF |
| Cap Rate | 5.92% | Average Occupancy | 100% |
| No. Units | 3 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1920/2025 |
| Property Subtype | Apartment | Parking Ratio | 0.75/1,000 SF |
| Apartment Style | Mid-Rise | ||
| Zoning | RM-1 - Multi Family Residential | ||
| Price | $2,077,695 CAD |
| Price Per Unit | $692,565 CAD |
| Sale Type | Investment |
| Cap Rate | 5.92% |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.04 AC |
| Building Size | 2,664 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1920/2025 |
| Parking Ratio | 0.75/1,000 SF |
| Zoning | RM-1 - Multi Family Residential |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Washer/Dryer
- Heating
- Kitchen
- Hardwood Floors
- Refrigerator
- Sprinkler System
- Basement
- Deck
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 1 | $3,784 CAD | - |
| 1+1 | 2 | $3,701 CAD | - |
| 2+1 | 3 | $3,186 CAD | - |
1 1
Exceptionally walkable
100/100
Somewhat drivable
30/100
Exceptional public transit
100/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 871063500 | Improvements Assessment | $1,105,318 CAD (2027) |
| Land Assessment | $276,329 CAD (2027) | Total Assessment | $1,381,647 CAD (2027) |
Property Taxes
Parcel Number
871063500
Land Assessment
$276,329 CAD (2027)
Improvements Assessment
$1,105,318 CAD (2027)
Total Assessment
$1,381,647 CAD (2027)
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251 S 12th St
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