129 W Susquehanna Avenue is a stabilized 10-unit multifamily investment located in the Norris Square section of Philadelphia, offering immediate in-place cash flow and durable operating fundamentals. The property is fully occupied and features a diversified unit mix of studio, one-bedroom, and two-bedroom apartments, supporting consistent tenant demand and strong collections.

Positioned directly across from Norris Square Park and just two blocks from Fishtown, the asset benefits from a high-demand rental corridor with long-term neighborhood growth potential. At an attractive entry basis of $120,000 per unit, the property delivers a 7.05% going-in cap rate on in-place NOI, with additional upside through continued rent optimization and unit upgrades.

This opportunity is well-suited for investors seeking a stable, cash-flowing asset with long-term appreciation potential in an improving Philadelphia submarket.

Investment Highlights

• Stabilized 10-unit multifamily asset

• 100% occupied with strong in-place cash flow

• 7.05% going-in cap rate on in-place NOI

• Attractive entry basis at $120,000 per unit

• Diversified unit mix: studios, 1BR, and 2BR units

• Located directly across from Norris Square Park

• Two blocks from Fishtown, a high-demand rental area

• Efficient layouts appealing to workforce renters

• Proven operating history with consistent collections

• Upside through rent optimization and unit upgrades

• Ideal for long-term hold or leveraged cash-flow strategy

  Asking Price: $1,200,000
  Price per Unit: $120,000
  Cap Rate: 7.05%