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$324,900

  • For Sale
  • Active
  • Apartment
See This Home
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INVESTMENT OPPORTUNITY - LEGAL 5-UNIT MULTIFAMILY IN GROWING PHILADELPHIA NEIGHBORHOOD | 7.6% CAP RATE Here's your chance to own a legal five-unit apartment building in one of Philadelphia's rapidly growing neighborhoods. Ideally situated near Route 1 and Broad Street, this property offers unbeatable convenience and strong rental demand. The building consists of: (3) One-bedroom units (2) Studio units Three of the five units have been recently renovated, and the entire property is in solid, well-maintained condition. With conservative rents projected (see attached pro forma), this investment offers a starting cap rate of 7.6%-and potential for increased returns with further updates or market rent adjustments. Highlights: Prime commuter location near major arteries Legal 5-unit building Renovations already completed in majority of units Strong cap rate in a developing market Whether you're looking to expand your portfolio or enter the multifamily market, this property checks all the boxes: location, cash flow, and upside potential.

Full Property Details for 1945 W Hunting Park Ave

General

  • Price: $324,900
  • Taxes: $4,591 (2025)
  • Status: Active
  • Type: Apartment
  • Source: BrightMLSPhilly
  • MLS ID: PAPH2528390
  • Updated: 12/17/2025
  • Added to Site: 111 day(s) ago

Business

  • Business Type: Apartment Building

Interior

  • Flooring: Luxury Vinyl Plank

Parking

  • Total Spaces: 5
  • Parking Type: On Street

Location

  • Area: 19140 (19140)
  • Municipality: PHILADELPHIA
  • County: PHILADELPHIA
  • Driving Directions: Hunting park ave South from 18th st
  • Location Details: Corner Lot/Unit

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Baseboard - Electric
  • Heating Fuel: Natural Gas, Electric
  • Water Heater: Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Construction: Masonry
  • Roof: Flat
  • Stories/Levels: 3
  • Building Size: 2575
  • Year Built: 1940
  • Year Built Source: Estimated
  • Property Condition: Average

Unit Information

  • # Tenants: Multiple
  • Other Units: Unit 1, Unit 2, Unit 4, Unit 5, Unit 3

Lot Features

  • Lot Size (Acres): 0.03
  • Lot Size (Sq. Ft.): 1,172
  • Lot Size Source: Estimated
  • Zoning: CMX2
  • Lot Description: Corner

Financial Considerations

  • Price Per Sq. Ft.: $126.17
  • Assessment Year: 2025
  • City/TownTax Freq: Annually
  • County Tax Freq: Annually
  • Tax w/Assessment: $328,000
  • Tax Amount: $4,591
  • Tax Year: 2025
  • Owner Pays: Insurance, Management, Common Area Maintenance, Sewer, Sewer Maintenance, Snow Removal, Taxes - Real Estate, Trash Collection, Water

Disclosures and Reports

  • Ownership: Fee Simple
  • Investment: Yes
  • Lot Number: 162

Listed by Re/Max One Realty, Edward J. McDonald Jr.

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Listing agent

— 1945 W Hunting Park Ave —

  • Edward J. McDonald Jr.

    Re/Max One Realty

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1945 W Hunting Park Ave

School District:Philadelphia City School District
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1945 W Hunting Park Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/22/2025
Price Reduced
$324,900
-6.91%
MLS
9/30/2025
Listed
$349,000
76.71%
MLS
4/26/2019
Sold
$197,500
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1945 W Hunting Park Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,228
-30%
$230,600
-30%
2024
$4,591
276%
$328,000
100%
2021
$1,221
-76%
-100%
2023
$5,101
318%
$364,400
318%
2020
$1,221
3%
$87,200
3%
2019
$1,180
-2%
$84,300
-2%
2018
$1,207
—
$86,200
—
2017
$1,207
—
$86,200
—
2016
$1,207
5%
$86,200
—
2015
$1,155
—
$86,200
—
2014
$1,155
10%
$86,200
704%
2013
$1,047
—
$10,720
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Listed by Re/Max One Realty, Edward J. McDonald Jr.

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1945 W Hunting Park Avenue, Philadelphia, PA 19140 (MLS# PAPH2528390) is a Apartment property. 1945 W Hunting Park Avenue is currently listed for $324,900 and was received on September 30, 2025. Want to learn more about 1945 W Hunting Park Avenue? Do you have questions about finding other Apartment real estate for sale in Philadelphia? You can browse all Philadelphia real estate or contact a Coldwell Banker agent to request more information.

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