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8 units multi family 319 S 12th St 8 Unit Apartment Building $1,992,710 CAD ($249,089 CAD/Unit) 6.50% Cap Rate Philadelphia, PA 19107
Investment Highlights
- Prime Center City Location – Steps from Reading Terminal Market, Pennsylvania Convention Center, and major historic landmarks.
- Historic & Well-Maintained – Solid brick construction with character, delivering a 6.50% cap rate.
- Turnkey Investment – 3,975 SF, fully leased building on a 0.04-acre lot, zoned RM1, with strong in-place and pro forma returns.
- Attractive Price – $1,578,000 for a stabilized 8-unit multifamily asset.
Executive Summary
LOCATION DESCRIPTION
319 S 12th St is an 8-unit multifamily in Center City Philadelphia producing a 6.50% cap rate with in-place cash flow and significant upside. Below-market rents offer value-add potential through renovations and lease adjustments. This stabilized asset benefits from consistent occupancy, strong tenant demand, and minimal deferred maintenance. OM and rent roll available upon request.
Other Available Properties:
https://www.loopnet.com/Listing/1113-1115-Spruce-St-Philadelphia-PA/36175031/
https://www.loopnet.com/Listing/319-S-12th-St-Philadelphia-PA/36177097/
https://www.loopnet.com/Listing/238-S-22nd-St-Philadelphia-PA/36177193/
https://www.loopnet.com/Listing/Mix-Use-Building-with-Townhouse/36376035/
319 S 12th St is an 8-unit multifamily in Center City Philadelphia producing a 6.50% cap rate with in-place cash flow and significant upside. Below-market rents offer value-add potential through renovations and lease adjustments. This stabilized asset benefits from consistent occupancy, strong tenant demand, and minimal deferred maintenance. OM and rent roll available upon request.
Other Available Properties:
https://www.loopnet.com/Listing/1113-1115-Spruce-St-Philadelphia-PA/36175031/
https://www.loopnet.com/Listing/319-S-12th-St-Philadelphia-PA/36177097/
https://www.loopnet.com/Listing/238-S-22nd-St-Philadelphia-PA/36177193/
https://www.loopnet.com/Listing/Mix-Use-Building-with-Townhouse/36376035/
Data Room Click Here to Access
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Microwave
- Washer/Dryer
- Heating
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Tub/Shower
- Views
- Yard
- Basement
- Freezer
- Garden
- Instant Hot Water
Site Amenities
- 24 Hour Access
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 4 | $1,693 CAD | 484 |
| 1+1 | 4 | $1,822 CAD | 733 |
1 1
Exceptionally walkable
100/100
Somewhat drivable
30/100
Exceptional public transit
100/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 881513700 | Total Assessment | $1,788,335 CAD (2026) |
| Land Assessment | $536,500 CAD (2026) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $1,251,834 CAD (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
881513700
Land Assessment
$536,500 CAD (2026)
Improvements Assessment
$1,251,834 CAD (2026)
Total Assessment
$1,788,335 CAD (2026)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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8 units multi family | 319 S 12th St
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