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Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PAPH2608506
Year Built 1966
Annual Tax Amount $14,116
Tax Year 2025
Lot Size 0.362 Acres
Acres 0.36
Lot Dimensions 137.00 x 115.00
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
Exclusively presenting the unique opportunity to acquire the fee simple interest in the Hunting Park Portfolio, a 41-unit apartment portfolio consisting of 4825 N. Camac Street (13 units), 4510 N. Lawrence Street (11 units), and 4827-35 North 6th Street (17 units) in North Philadelphia, Pennsylvania.
The Portfolio consists of three buildings featuring a desirable mix comprised primarily of one- and two-bedroom units. Collectively, the Properties include 26 one-bedroom units, 14 two-bedroom units, and one four-bedroom unit. The average in-place rent for the one-bedroom units is ±1,226 per month, while the two-bedroom units average ±$1,207 per month. The single, four-bedroom unit is leased at $1,450 per month. Current rents are approximately 10–15% below market for comparable one- and two-bedroom units, presenting a clear opportunity to drive rental growth through light interior upgrades. Current ownership has recently implemented water and sewer bill-backs, aligning with submarket trends. Continued execution of this strategy provides additional NOI upside.
The Hunting Park Portfolio is situated in a dense residential corridor supported by strong workforce housing demand and proximity to major employment drivers, including Temple University, La Salle University, and Jefferson Einstein Philadelphia Hospital, as well as employment hubs in Center City Philadelphia. The Properties also benefit from convenient access to retail corridors along Broad Street and Roosevelt Boulevard, with nearby grocery stores such as ShopRite, ACME, and Aldi, along with national retailers, pharmacies, and restaurants serving the immediate neighborhood.
With a unit mix well-positioned to meet workforce housing demand and located near public transit, major roadways, universities, hospitals, and retail amenities, The Hunting Park Portfolio presents an attractive opportunity to acquire scale in a dense North Philadelphia rental corridor supported by consistent renter demand and accessible neighborhood amenities.
Location
State PA
County Philadelphia
Area 19120 (19120)
Zoning RSA5
Interior
Hot Water Electric
Heating Baseboard - Electric
Cooling Wall Unit
Heat Source Electric
Exterior
Garage Spaces 20.0
Water Access N
Accessibility None
Total Parking Spaces 20
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 881149960
Ownership Fee Simple
Special Listing Condition Standard
Nearby School & Business
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Joseph Asterino
Broker Associate | License ID: AB066344
Broker Associate License ID: AB066344