About This Home
This 0-bedroom, 0-bathroom residential multi family at 1816 W GIRARD Avenue in Philadelphia, PA is listed for $789,000 ($304 per sqft). Built in 1915, the home offers 2,595 sqft of living space on a 0.03 acres lot.
Key Features
- Built in 1915
- 0.03 acre lot
Property Details
Amenities
1816 W Girard, a true unicorn in today's multifamily market, is a recently renovated, fully occupied, cash-flowing triplex located on the thriving Girard Avenue corridor in Philadelphia's rapidly growing Francisville neighborhood. This turnkey multifamily asset consists of three spacious 2-bedroom, 1-bathroom apartments, each featuring central air conditioning, natural gas forced-air heating, modern finishes, and in-unit laundry.
Extensively renovated in 2020, the property offers investors a rare combination of strong in-place cash flow and limited near-term capital expenditure requirements. Offered at an impressive in-place cap rate of 9.3%, the building is currently 100% occupied by long-term Housing Choice Voucher (Section 8) tenants, with recent tenant renewals providing a proven history of stable occupancy and consistent income.
In a market increasingly dominated by low-yield, value-add offerings marketed on projected future returns, 1816 W Girard delivers strong cash flow and investment performance from day one. This one-of-a-kind late Victorian brownstone features a private rear patio exclusive to the first-floor unit, a private upper balcony, and dedicated basement storage areas for tenants.
The property's flexible layout, updated mechanical systems, and desirable unit configurations position it for continued rental demand in one of Philadelphia's strongest urban submarkets. Ideally situated along the Girard Avenue commercial corridor, tenants enjoy immediate access to SEPTA transit, the Broad Street Line, Center City, Temple Universit
y, Fairmount, Brewerytown, the Philadelphia Museum of Art, and numerous neighborhood restaurants, retail destinations, and employment centers. Whether you're seeking reliable day-one cash flow, a 1031 exchange opportunity, or a well-located multifamily asset with long-term appreciation potential, 1816 W Girard Avenue offers an attractive combination of location, stability, and investment performance. 48hr notice required for showings. Financials, rent roll, and operating expenses available upon request.
Monthly Cost Estimate
$4,220/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1816 W GIRARD Avenue
Philadelphia, PA 19130
FRANCISVILLE
Property Details
Construction
Parking
Heating
Cooling
Questions & Answers
This 0-bedroom, 0-bathroom residential multi family at 1816 W GIRARD Avenue is listed at $789,000 ($304/sqft). The estimated monthly payment is $4,220 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1915, 0.03 acre lot.
This property is listed by Peter van der Vlugt and can be reached at 4844318821.






