Trophy Commercial Real Estate, LLC is pleased to present the exclusive offering of 601 N 39th Street, a fully vacant mixed-use multifamily property located in Philadelphia, PA 19104. The property comprises three units, totaling approximately 3,600 rentable square feet, consisting of two three-bedroom apartments and one ground-floor commercial space located at the corner of 39th Street and Haverford Avenue.

The asset is being offered vacant, providing an investor with immediate control over leasing strategy, tenant mix, and rental positioning. Based on market-supported assumptions, the property is projected to generate a pro forma NOI of approximately $46,284, representing a projected cap rate of 6.38% upon stabilization.

601 N 39th Street represents an opportunity to acquire a small-balance, vacant mixed-use property in a supply-constrained urban submarket. Modern construction and efficient design support long-term durability, with stabilization upside through lease-up and potential refinance or sale.

Investment Highlights

• Mixed-Use Configuration (2 residential units + 1 commercial unit)

• Modern Construction (2020) with limited near-term capex requirements

• Fully Vacant Delivery allowing immediate lease-up and repositioning

• Efficient Expense Assumptions (pro forma expenses estimated at 22.7% of EGI)

• Pro Forma Income Profile based on market-supported assumptions

• Prime West Philadelphia Location near universities, employment centers, and transit 601 OM (1)

Property Details

• Asset Type: Mixed-Use Multifamily

• Units: 3 (2 Residential | 1 Commercial)

• Rentable Area: 3,600 SF

• Average Unit Size: 1,200 SF

• Projected Avg. Monthly Rent: $1,750

• Year Built: 2020

• Current Status: Fully Vacant

• Utilities: Separately metered 601 OM (1)

Asking Price: $725,000
Price per Unit: $241,667
Price per SF: $201.39