4-UNIT MULTIFAMILY PORTFOLIO
Somerton | Philadelphia, Pennsylvania
Asking Price
$920,000
Investment Highlights
● 4 residential units across 2 duplex buildings
● Portfolio includes:
● 13020 Blakeslee Drive
● 13022 Blakeslee Drive
● Each duplex features:
● Two 2-bedroom apartments
● Two private garages
● Individual laundry hookups
● Identical floor plans for efficient management
● Located in the highly desirable Somerton neighborhood of Northeast Philadelphia
● Convenient access to SEPTA Regional Rail, shopping, restaurants, schools, and major highways
● Strong rental demand with excellent long-term investment potential
Financial Summary
Gross Annual Income: $87,500
Annual Operating Expenses: Approximately $12,500
Net Operating Income (NOI): Approximately $75,000
Asking Price: $920,000
Cap Rate: Approximately 8.33%
Investment Opportunity
This is a rare opportunity to acquire a well-maintained, income-producing multifamily portfolio in one of Northeast Philadelphia’s most desirable rental markets. The properties offer stable cash flow, low operating expenses, and upside potential through future rental growth. Whether you’re expanding an existing portfolio or completing a 1031 exchange, this asset presents an attractive investment opportunity.
Closing
Seller is seeking a fast closing. Qualified buyers are encouraged to provide proof of funds or financing pre-approval prior to scheduling property tours.
For additional information, including the rent roll, operating statements, or to arrange a private showing, please contact the listing agent.
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Listing Snapshot
Price
$920,000
Days On Site
64 Days
Bedrooms
8
Inside Area (SqFt)
1,800 sqft
Total Baths
4
Full Baths
4
Partial Baths
N/A
Lot Size
0.05 Acres
Year Built
1981
MLS® Number
PAPH2654562
Status
Active
Property Tax
$6,355
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Assessor
Friends & Family
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Recent Activity
3 weeks ago
Listing updated with changes from the MLS®
3 weeks ago
Price changed to $920,000
2 months ago
Listing first seen on site
General Features
Acres
0.05
Attached Garage
Yes
Foundation
Brick/Mortar
Garage
Yes
Garage Spaces
1
Levels
Two
Parking
GarageAttached
Parking Spaces
1
Property Sub Type
Townhouse
Sewer
Public Sewer
Special Circumstances
Standard
SqFt Above
1800
SqFt Total
1800
Style
AirLite
Water Source
Public
Zoning
RSA3
Interior Features
Appliances
Gas Water Heater
Basement
Partial
Cooling
Central AirElectric
Heating
Natural GasCentral
Main Level Bedrooms
8
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Exterior Features
Construction Details
Brick
Pool Features
None
Community Features
MLS Area
19116 (19116)
School District
PHILADELPHIA CITY
Schools
School District
PHILADELPHIA CITY
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of Longlong Zhan Real Estate Investment
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