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90 East Johnson Street, a fully stabilized 7-unit multifamily property in Germantown. The building features a mix of 1-bedroom and 3-bedroom units with efficient layouts and durable finishes. In addition to consistent in-place income, the property sits on an oversized 11,309 SF lot that offers potential for subdivision and new construction of an additional single-family home or duplex (buyer to verify). With minimal capital needs, strong tenant demand, and long-term upside through land value, this is a compelling opportunity in one of Philadelphia's most active submarkets. With in-place monthly income of $9,344 and minimal operating expenses, the asset delivers a CAP rate of 6.95% and projected Year 1 return of 8.53%. The current ownership has maintained high occupancy and minimal turnover, positioning the asset as a plug-and-play opportunity for both private and institutional investors. Importantly, the property features no immediate capital needs, preserving investor yield and eliminating operational friction. Located within walking distance of SEPTA transit, Germantown Avenue retail, and other lifestyle amenities, the site benefits from excellent connectivity and neighborhood demand drivers. We welcome inquiries from investors seeking stabilized, cash-flowing real estate in one of Philadelphia's most dynamic rental corridors.
| DAYS ON MARKET | 2 | LAST UPDATED | 7/29/2025 |
|---|---|---|---|
| TRACT | NONE AVAILABLE | YEAR BUILT | 1905 |
| COMMUNITY | 19138 (19138) | COUNTY | PHILADELPHIA |
| STATUS | Active | PROPERTY TYPE(S) | Commercial |
| School District | PHILADELPHIA CITY |
|---|
| ADDITIONAL DETAILS | |
| AIR | Ceiling Fan(s), Wall Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Gas Water Heater |
| AREA | 19138 (19138) |
| HEAT | Hot Water, Natural Gas |
| LOT | 0.26 acre(s) |
| LOT DIMENSIONS | 99.00 x 115.00 |
| PARKING | On Street |
| SEWER | Public Sewer |
| SUBDIVISION | NONE AVAILABLE |
| TAXES | 5193 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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