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42nd and Ludlow 4200 Ludlow St 96 Unit Apartment Building $40,148,830 CAD ($418,217 CAD/Unit) 6% Cap Rate Philadelphia, PA 19104
Executive Summary
A flagship "Scale Asset" with 96 units and 211 beds. This five-story residential complex is the primary driver of NOI growth. The transition of its 4x4 townhomes to "deluxe" status is the single most impactful move in the August 2026 renovation schedule.
Positioned on a prominent corner at 42nd & Ludlow Streets, this 2018-build features a Luxor Package System, electric car charging, and an on-site gym. The property offers a “Smart Apartment" experience with Nest Bluetooth thermostats and high-end architectural finishes.
Positioned on a prominent corner at 42nd & Ludlow Streets, this 2018-build features a Luxor Package System, electric car charging, and an on-site gym. The property offers a “Smart Apartment" experience with Nest Bluetooth thermostats and high-end architectural finishes.
Property Facts
| Price | $40,148,830 CAD | Apartment Style | Mid-Rise |
| Price Per Unit | $418,217 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.03 AC |
| Cap Rate | 6% | Building Size | 111,000 SF |
| No. Units | 96 | No. Stories | 5 |
| Property Type | Multifamily | Year Built | 2020 |
| Property Subtype | Apartment | ||
| Zoning | CMX4 - Residential Mixed Use | ||
| Price | $40,148,830 CAD |
| Price Per Unit | $418,217 CAD |
| Sale Type | Investment |
| Cap Rate | 6% |
| No. Units | 96 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.03 AC |
| Building Size | 111,000 SF |
| No. Stories | 5 |
| Year Built | 2020 |
| Zoning | CMX4 - Residential Mixed Use |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Heating
- Security System
- Kitchen
- Granite Countertops
- Hardwood Floors
- Refrigerator
- Oven
- Stainless Steel Appliances
- Tub/Shower
- Carpet
- Wi-Fi
- Freezer
Site Amenities
- 24 Hour Access
- Property Manager on Site
- Tenant Controlled HVAC
- Video Patrol
- Furnished Units Available
- Grill
- Maid Service
- Walking/Biking Trails
- Wi-Fi
- Bicycle Storage
- Community-Wide WiFi
- Elevator
- Online Services
- Public Transportation
- Roommate Matching
- Shuttle To Campus
- Key Fob Entry
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Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
90/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 881442747 | Improvements Assessment | $36,030,000 CAD |
| Land Assessment | $4,003,333 CAD | Total Assessment | $40,033,334 CAD |
Property Taxes
Parcel Number
881442747
Land Assessment
$4,003,333 CAD
Improvements Assessment
$36,030,000 CAD
Total Assessment
$40,033,334 CAD
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42nd and Ludlow | 4200 Ludlow St
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