Trophy Commercial Real Estate is pleased to present the exclusive offering of 2015 Walnut Street, a 9-unit mixed-use multifamily property located in the heart of Rittenhouse Square, one of Philadelphia’s most prestigious and supply-constrained submarkets.

The property consists of eight residential apartment units and one ground-floor retail space, totaling approximately 7,150 rentable square feet. The asset is fully stabilized and currently produces an in-place Net Operating Income of approximately $188,056, offering investors immediate cash flow supported by a premier Center City location.

Offered at $2,800,000, 2015 Walnut Street represents a rare opportunity to acquire a well-located mixed-use asset with durable income, strong tenant demand, and long-term appreciation potential.

Investment Highlights

• Core Rittenhouse Square Location
  Situated directly on Walnut Street within walking distance to Center City’s major employment hubs, dining, retail, and public transportation.

• Stabilized In-Place Cash Flow
  Generates approximately $188,056 in NOI, providing investors with immediate income and a 6.72% going-in cap rate.

• Mixed-Use Income xStream
  Eight residential units complemented by a ground-floor retail space, offering diversified revenue and reduced vacancy risk.

• Attractive Unit Mix & Rents
  A combination of one- and two-bedroom apartments with competitive in-place rents and long-term rental growth upside.

• Financing-Friendly Profile
  Supports conventional financing with an estimated 1.33x DSCR, appealing to both private investors and institutional buyers.

Property Details

• Address: 2015 Walnut Street, Philadelphia, PA 19103

• Asset Type: Mixed-Use Multifamily

• Total Units: 9 (8 Residential | 1 Retail)

• Total Rentable Area: 7,150 SF

• Average Unit Size: 794 SF

• Average Monthly Rent: $2,314 per unit

  Asking Price: $2,800,000
  Price per Unit: $311,111
  Price per SF: $391