Philadelphia, PA

Property Type: Multifamily
Size: 9 Units
Price: $2,100,000
CAP: 6.70%


  • Nine Unit Apartment Building in the Desirable East Falls Neighborhood
  • 2017 Conversion from a Church
  • Attractive Assumable Debt with 3.87% Rate - Maturing May 2023
  • Walking Distance to Train
  • Unique Floor Plans with High Ceilings, Stainless Steel Appliances, and Granite Counter Tops


Marcus & Millichap is pleased to present for sale 3460 Midvale - A 9-unit apartment building in the East Falls neighborhood of Philadelphia. The property was converted in 2017, and has Philadelphia’s full ten-year tax abatement until December of 2027.

The property consists of five (5) one-bedroom units, three (3) two-bedroom units, and one (1) three-bedroom unit. Units feature high-end finishes with gourmet kitchens, stainless appliances, washer/dryers, and secured keyless entry. The property is poised to deliver strong returns, given the unique units and highly desirable location. With the assumable financing in place, a buyer will be able to take advantage of the sub-4% interest rate for seven more years.

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