2018 W Tioga St – Philadelphia, PA 19140

Hey Investors,

This 6BR/3BA multi-family townhouse at 2018 W Tioga St in Tioga is a compelling Buy & Hold opportunity in a stabilizing North Philadelphia rental corridor. With strong bedroom count and a manageable rehab, this property is well-positioned to generate consistent rental income in a market with proven demand from large-family and multi-generational renters. Multi-family comps in the immediate area have transacted between $202,500 and $280,000, confirming solid resale floor while the rental play delivers stronger risk-adjusted returns.

Strategy: Buy & Hold | Specs: 6 BR / 3 BA | 1,510 sqft | Year Built: 1925 | Zoning: RSA3

The Money & ARV:
* Target Rent: $1,800 – $2,200/mo
* Est. Rehab: $90,600 (1,510 sqft × $60 Heavy — Heavy rehab tier)
* Realistic ARV: $250,000 (Anchored by 3630 N Bouvier St — $202,500 MF comp nearby)
* Aggressive ARV: $280,000 (Top-tier comp: 3547 N 21st St sold $280,000)

Why this deal?
The Tioga neighborhood continues to attract rental demand from large families and multi-unit tenants, and this 6BR footprint gives a landlord significant flexibility to rent the full unit or configure for multi-occupancy. At an as-is value of $217,000 and estimated all-in cost near $307,600, a stabilized rent of $2,000/month produces a gross yield of roughly 7.8% — well above typical buy-and-hold thresholds in this submarket. The flip spread is limited given rehab costs and ARV ceiling, but the rental income profile supports long-term wealth building. Block stability is reinforced by multiple recent arm’s-length sales between $194,000–$280,000 within walking distance.

Comparable Properties

PROPERTY COMPARABLES (SOLD LAST 6 MONTHS) — City | Strategy: Buy & Hold | Radius: 1.0 mi (MF class)

Renovated / High-End Closed Sales
– 3547 N 21st St, Philadelphia, PA 19140 (0.22 mi) — Sold $280,000 | 3BD/4BA | 2,335 sqft | $120 PPSF | 02/23/26
– 3556 N 23rd St, Philadelphia, PA 19140 (0.19 mi) — Sold $310,000 | 5BD/1BA | 3,208 sqft | $97 PPSF | 01/19/26
– 1505 W Erie Ave, Philadelphia, PA 19140 (0.12 mi) — Sold $258,000 | 5BD/3BA | 2,594 sqft | $99 PPSF | 04/27/26

Mid-Tier & Value-Add Closed Sales
– 3535 N 24th St, Philadelphia, PA 19140 (0.28 mi) — Sold $250,000 | 3BD/2BA | 2,340 sqft | $107 PPSF | 03/11/26
– 2329 W Tioga St, Philadelphia, PA 19140 (0.09 mi) — Sold $275,000 | 4BD/1BA | 1,613 sqft | $171 PPSF | 12/08/25
– 3630 N Bouvier St, Philadelphia, PA 19140 (0.21 mi) — Sold $202,500 | 4BD/2BA | 1,260 sqft | $161 PPSF | 04/01/26
– 3414 N 21st St, Philadelphia, PA 19140 (0.24 mi) — Sold $134,200 | 6BD/3BA | 2,391 sqft | $56 PPSF | 03/23/26

Fixer / Shell Closed Sales (Low-Tier)
– 2217 W Tioga St, Philadelphia, PA 19140 (0.07 mi) — Sold $170,000 | 0BD/0BA | 4,488 sqft | $38 PPSF | 01/13/26
– 2215 W Tioga St, Philadelphia, PA 19140 (0.07 mi) — Sold $170,000 | 0BD/0BA | 4,023 sqft | $42 PPSF | 12/10/25
– 1416 W Allegheny Ave, Philadelphia, PA 19132 (0.48 mi) — Sold $250,000 | —BD/—BA | 2,721 sqft | $92 PPSF | 03/16/26