For Sale
$3,500,000

6351 Lancaster AvePhiladelphia, PA 19151

25-Unit Multifamily, Prime Philadelphia Location

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 25-unit apartment building, located at 6351 Lancaster Avenue in Philadelphia, Pennsylvania, presents a compelling investment opportunity. Built in 1936 and renovated in 2015, this four-story brick building boasts 25,656 square feet on a 13,040 square foot lot (APN 88-1126110). Currently operating at 100% occupancy with below-market rents, the property offers significant value-add potential. Approved plans allow for the conversion of eight three-bedroom units into two studio and fourteen one-bedroom units, increasing the unit count to 33 and maximizing rental income. The building features vinyl, double-pane windows, and the owner provides hot water, cold water, and heat

Highlights

  • Below-market rents averaging $100+ per month below market rates.
  • High occupancy exceeding 96% in a strong rental submarket.
  • Convenient location within two blocks of a SEPTA Regional Rail station.
  • Value-add opportunity with approved plans to convert eight three-bedroom units into sixteen studio and one-bedroom units.

Property Details for 6351 Lancaster Ave

Property type
Apartment buildings
Square Feet
25,656 SF
Year Built/Renovated
1936/2015
Buildings
1
Stories
4
Units
25

Location Insight

City
Philadelphia
County
Philadelphia
State
Pennsylvania
Latitude
39.9866384
Longitude
-75.249761
6351 Lancaster Ave, Philadelphia, Pennsylvania

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
6351 Lancaster Ave
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message