$920,000
 $4,939 est/mo Sourced by Back At You

13020 Blakeslee Dr,PHILADELPHIA, PA 19116

PHILADELPHIA, PA 19116

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Description

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.

Details

MLS #PAPH2654562
Listing TypeFor Sale
StyleCondominium
Sub-TypeResale
StatusActive-bright
Year1981
Days On Site69
Listing Provided ByLonglong Zhan Real Estate Investment | Zhan Su

Features

Bed(s)8
Bath(s) 4 Total
SQ Feet1,800
Garage1
BasementY
Story(s)2
ZoningRSA3
Acreage0.05

Interior

CoolingCentral A/C
Heating Yes / NoYes
HeatingCentral

Exterior

Construction MaterialsBrick
Foundation DetailsBrick/Mortar

Parking

Garage Yes / NoYes

Taxes

Tax Annual Amount6355

Area Information

StatePA
CountyPHILADELPHIA PA
CityPHILADELPHIA
Zip Code19116
Area19116 (19116)
Community NamePHILADELPHIA
School DistrictPHILADELPHIA CITY
Listing VS Median (in PHILADELPHIA)
Price:
$920,000
low | high
Med:
$100,000
100% of Average
sqft:
1,800
low | high
Med:
551
100% of Average
$ / sqft:
$511
low | high
Med:
$181
100% of Average
On site:
69
low | high
Med:
75
92% of Average
Sourced by Back At You

Market Activity 19116

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Additional Information

Showing Information

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Contact

Learn More About This Property

JoAnn Maroney

JoAnn Maroney

Class Harlan Real Estate

 (215) 601-6046jmaroney@voicenet.com
StatePA
CountyPHILADELPHIA PA
CityPHILADELPHIA
Zip Code19116
Area19116 (19116)
Community NamePHILADELPHIA
School DistrictPHILADELPHIA CITY
Listing VS Median (in PHILADELPHIA)
Price:
$920,000
low | high
Med:
$100,000
100% of Average
sqft:
1,800
low | high
Med:
551
100% of Average
$ / sqft:
$511
low | high
Med:
$181
100% of Average
On site:
69
low | high
Med:
75
92% of Average
Sourced by Back At You
Listing Updated: October 5, 2026 at 2:02:30 PM PDT