1816 W TIOGA ST, Philadelphia, PA 19140

Property Description

6-Unit Multi-Family with Coin Laundry Income | 12.7% Cap Rate Nicetown-Tioga | Philadelphia, PA 19140 Fully occupied, cash-flowing multi-family investment offered at $600,000 — a 12.7% capitalization rate on in-place income and $100,000 per unit. This 1925-built brick building offers approximately 3,518 SF on a 4,512 SF lot, currently producing $7,500/month ($90,000 annually). Unit Mix • One studio — $900/mo • Two 1-bedrooms — $1,400/mo each • One 1BR/1BA — $1,300/mo • Two 2-bedrooms — $1,300 and $1,200/mo • Coin-operated laundry on the first floor (additional income) In-Place Financials • Gross potential income: $91,800 • Operating expenses (T-12): $10,819 • Net operating income: $76,391 • 2025 real estate taxes: $4,152 • Gross rent multiplier: 6.7x Why This Building Major capital work is already done. New roof (2023), boiler serviced and maintained, and updated common-area lighting mean a buyer isn’t inheriting a systems problem. Remaining upside is cosmetic — flooring and paint across several units — plus room to modernize the laundry equipment for higher collections. Leases are primarily month-to-month, so a new owner has immediate flexibility to bring rents to market rather than waiting out a year of fixed terms. Operating costs stay low: tenants carry their own utilities where submetered, and ownership covers only water/sewer and common-area electric. ALSO AVAILABLE: THE ADJACENT BUILDING 1818 W Tioga St — 5 units — $600,000 The building next door is also on the market. Purchased together, the two properties form an 11-unit portfolio at $1,200,000 on a single contiguous lot: • $13,600/month — $163,200 annual gross rents, plus two laundry income streams • $137,227 combined net operating income • 11.4% cap rate — $109,091 per unit • One management footprint, one maintenance route, consolidated vendor relationships • Single transaction, single closing, single diligence process Buyers seeking scale can acquire both under one contract. Buyers seeking a single entry-point asset can take either building on its own. Full offering memorandum, rent roll, T-12 expenses, and lease files available upon request. Property tours by appointment.

Listing Status:

Active

Data Last Updated:

September 24, 2026 at 7:17AM

Listing Office:

Trinity Property Advisors : 3028580159

Listing Agent:

Taison DeVore : 2156784254

MLS ID:

PAPH2670086

Interior

• A/C: None
• Heating: Forced AirElectric
• Disability Feature: None

Construction

• General: Stone

Location

• Originating MLS: BRIGHT_MAIN
• School District: THE SCHOOL DISTRICT OF PHILADELPHIA
• County: PHILADELPHIA-PA

Lot

• Zoning: RSA3112086700

Utilities

• Utilities: 200 amp service
• Water: Public
• Sewer: Public Sewer

Financial

• Source: BRIGHT_MAIN