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129-131 W. Susquehanna Avenue Listing Details & Market Data

129 W. Susquehanna Avenue , Philadelphia, PA 19122

On behalf of ownership, Rittenhouse Realty Advisors extends to qualified investors the opportunity to acquire the fee simple interest in the property at 129-131 West Susquehanna Avenue in the North Philadelphia East section of the City of Philadelphia. The Property is comprised of 10 apartment units fronting Norris Square Park. The property is located within a Qualified Opportunity Zone (QOZ) and is situated a short walk from SEPTA’s York-Dauphin Station for the Market-Frankford Line, Fishtown’s Frankford Avenue, and the Front Street commercial corridor. The transit accessibility and prime location of this property make it extremely attractive to renters and has led to an extremely high occupancy rate.

 Seven of the apartments are in value-add condition with significant opportunity to increase rents. The owner of The Property recently renovated one of the units and was able to boost the rental rate significantly. There is also an opportunity to beautify communal areas such as the front and back yards in order to help boost rents or to monetize the backyard by turning it into parking spaces. 

The Norris Square neighborhood is seeing a massive wave of development, but still has a ton of room for future growth and rent appreciation. The Property is surrounded by development with new apartment buildings, single-family homes, and commercial storefronts lining nearby blocks. Eleven new townhomes are planned in the lot just behind the subject Property. Norris Square Park, one of Philadelphia’s largest neighborhood parks located just across the street from the Property, is currently undergoing a complete, multi-phase makeover.  

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Location

  • Walk Score ® Very Walkable (81)
  • Transit Score ® Good Transit (69)
  • Bike Score ® Very Bikeable (78)
Powered by Walk Score ®
  • City Philadelphia, PA
  • Neighborhood Norris Square
  • Zip Code 19122
  • Market Philadelphia

Points of Interest

Shannon Cab Co.

0.96 miles

North Broad

1.21 miles

Cecil B Moore Station (Northbound)

1.29 miles

Cecil B. Moore Station (Northbound)

1.30 miles

Cecil B Moore Station (Southbound)

1.31 miles

Tioga

1.84 miles

Spring Garden

2.06 miles

Poplar Street & 25th Street

2.43 miles

11th Street

2.56 miles

Eastbound MFL Entrance

2.64 miles

Speedway

0.69 miles

J&H Car Charging Station

1.19 miles

BP

2.34 miles

eVgo

2.60 miles

A-plus

3.28 miles

Sunoco

3.43 miles

Blink

3.98 miles

Blink

4.61 miles

Conoco

4.91 miles

Sunoco

6.29 miles

Girard Medical Center Garage

1.16 miles

Rivers Casino Philadelphia Parking Garage

1.35 miles

6th District Police Lot

2.31 miles

Sky Parking

2.48 miles

DRWC Walnut Street Parking Lot

2.57 miles

Midtown Garage

2.83 miles

SEPTA Frankford Terminal Garage

4.15 miles

Lot F

5.94 miles

SEPTA lot

7.47 miles

Lot 3

7.58 miles

Sabor Latino

0.84 miles

McDonald's

1.07 miles

Waffle Shop

1.18 miles

Alla Spina

1.98 miles

Nom Wah

2.35 miles

Opa

2.78 miles

The Shops at Liberty Place Food Court

2.84 miles

Così

3.18 miles

Dunkin'

3.29 miles

Urban Eatery

3.57 miles

Presser Hall

1.07 miles

Ritter Hall

1.21 miles

Temple University - Health Sciences Campus

1.73 miles

St. Joseph's Preparatory School

1.81 miles

Kenderton Elementary

1.82 miles

Harcum College One Bright Ray

2.09 miles

William Dick School

2.11 miles

Esperanza College of Eastern University

2.25 miles

Drexel University College Of Medicine

2.48 miles

Drexel University College of Nursing and Health Professions

2.60 miles

Saint Laurentius Preschool

0.54 miles

We Care Learning Center

0.80 miles

American Academy for Early Education

1.30 miles

Anna B. Pratt Early Childhood Center

1.93 miles

Victory Christian Pre-School

2.11 miles

Little Scholars Academy

2.35 miles

Right Steps

3.01 miles

Smart Center Academy Pre-School

3.11 miles

Personal Touch Child Care

4.20 miles

Totally Tots Inc.

4.40 miles

Contacts

broker

Kyle McShane

Rittenhouse Realty Advisors

(215) 454-2921

broker

Ken Wellar

(215) 454-2879 x 267324

broker

Corey Lonberger

(215) 454-2878 x 267324

broker

Mark Duszak

(215) 454-2884 x 267324

broker

Douglas Emrich

(215) 454-2889 x 267324

Highlights

  • Value-Add Opportunity: Complete Renovation of Interior Units as well as Front and Rear Yards to Increase Rents; Potential to Convert Rear Yard into Parking Area for Tenants
  • Qualified Opportunity Zone Investment: Utilize Realized Capital Gains to Erase Tax Obligation
  • Adjacent to Norris Square Park: Situated Adjacent to Norris Square; Added Amenity for Tenants
  • Transit Friendly: Access to Market-Frankford Line, Bus and Trolley Routes
  • Proximity to Philadelphias Major Employers : Close Proximity to Temple University and Temple Health as well as Employers in Center City and University City

Contact 129-131 W. Susquehanna Avenue

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