Description

Hey Investors,

This oversized 3,780 sqft multi-family townhouse in the Tioga neighborhood of North Philadelphia presents a compelling Buy & Hold opportunity for investors looking to add a large income-producing asset to their portfolio. With an as-is value of $234,000 and strong multi-unit rental demand in the 19140 zip code, a full repositioning into a 2- or 3-unit rental property could generate $2,800–$4,500/mo in gross rents. The heavy rehab requirement creates a meaningful discount to ARV, making this ideal for an experienced investor who can control costs.

Strategy: Buy & Hold | Specs: 0 BR / 1 BA | 3,780 SQFT | Year Built: 1920 | Zoning: RSA3

The Money & ARV:
* Target Rent: $1,400 – $1,800/mo per unit (2–3 unit configuration)
* Est. Rehab: $226,800 (3,780 sqft × $60 Heavy — Heavy rehab tier)
* Realistic ARV: $258,000 (Anchored by 1505 W Erie Ave — 2,594 sqft MF, sold $258,000 04/27/26)
* Aggressive ARV: $296,000 (Top-tier MF renovation potential per 1325 Kerbaugh St)

Why this deal?
The Tioga corridor continues to attract buy-and-hold investors drawn to its density of multi-family housing stock and proximity to Temple University’s medical corridor. Multi-family comps within 1.0 mile are transacting between $100,000–$296,000, with the best-condition properties commanding $113–$235/PPSF. At 3,780 sqft, this property has rare upside as a 3-unit conversion that could produce $4,200–$5,400/mo gross — a 10%+ cap rate on all-in costs. Investors with heavy rehab experience and a buy-and-hold exit will find the most value here.