1851 GERMANTOWN AVE Philadelphia, PA 19122
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 10,404 sqft
Price per Sqft $235
Subdivision West Kensington
MLS Listing ID PAPH2561366
Style Other
HOA Y/N N
Abv Grd Liv Area 10,404
Year Built 2019
Annual Tax Amount $1,972
Tax Year 2025
Lot Size 3,896 Sqft
Acres 0.09
Source BRIGHT
Property Description
With an in-place NOI of $188,000 and an asking price of $2,450,000, the asset offers investors a 7.7% cap rate on actual income. The structure and finishes are modern, minimizing near-term maintenance and reducing ownership expense. The property sits along Germantown Avenue's active redevelopment corridor—near new multifamily, community, and retail projects—positioning it for continued appreciation as the neighborhood matures.
Highlights
2019 Construction – Modern systems and finishes
100% Occupied – One commercial + six residential tenants
Tax Abatement through 2029 – Exceptional near-term yield
Location
State PA
County Philadelphia
Area 19122 (19122)
Zoning CMX2
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Story 1
Above Ground Finished SqFt 10404
Sewer Public Sewer
Water Public
Architectural Style Other
Level or Stories 1
Additional Building Above Grade
New Construction N
Schools
School District Philadelphia City
Others
Senior Community No
Tax ID NO TAX RECORD
Ownership Fee Simple
SqFt Source 10404
Special Listing Condition Standard
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