1200 W LOUDON ST Philadelphia, PA 19141
UPDATED:
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Coming Soon
Purchase Type For Sale
Subdivision Logan
MLS Listing ID PAPH2675350
Year Built 2023
Available Date 2026-09-30
Annual Tax Amount $21,431
Tax Year 2026
Lot Size 6,500 Sqft
Acres 0.15
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
Welcome to 1200–10 Loudon Street, an exceptional opportunity to acquire a well-maintained, fully occupied 14-unit multifamily property in Philadelphia. This income-producing asset presents investors with the rare combination of immediate cash flow, operational stability, and future income growth potential. The property features a highly desirable and diversified unit mix consisting of six one-bedroom units, six two-bedroom units, and two spacious three-bedroom units. With the building currently 100% occupied, a new owner can step into an established rental operation from day one. One of the property's most compelling financial advantages is its 10-year tax abatement, currently in place through 2033, providing a significant benefit during the remaining abatement period. The property is estimated to generate approximately $210,000 in annual rental income, with additional upside potential as current rents provide room for future increases, subject to existing leases and applicable requirements. Beyond the residential units, the building offers additional opportunities to enhance revenue. Residents enjoy access to a shared first-floor laundry area, while multiple basement storage units provide another potential income stream and an opportunity to further maximize the property's performance. Meticulously maintained and in great condition, 1200–10 Loudon Street offers what multifamily investors value most: occupancy, income, scale, and upside—all within one asset. Whether you're expanding an established portfolio, completing a strategic acquisition, or seeking a stabilized Philadelphia multifamily investment with long-term growth potential, this property deserves serious consideration.
14 Units | 100% Occupied | Approx. $210,000 Annual Rental Income | Tax Abatement Through 2033 | Additional Storage Income Potential. A fully occupied multifamily asset of this size, condition, and income potential represents an opportunity to acquire not simply a building—but a foundation for continued portfolio growth.
Location
State PA
County Philadelphia
Area 19141 (19141)
Zoning RM1
Interior
Hot Water Electric
Cooling Central A/C
Heat Source Natural Gas
Exterior
Water Access N
Roof Type Rubber
Accessibility 2+ Access Exits, 32\"+ wide Doors, 36\"+ wide Halls
Garage N
Building
Sewer Public Sewer
Water Public
New Construction Y
Schools
School District The School District Of Philadelphia
Others
Tax ID 881000721
Ownership Fee Simple
Acceptable Financing Cash, Conventional, Private
Listing Terms Cash, Conventional, Private
Financing Cash,Conventional,Private
Special Listing Condition Standard
NEARBY SCHOOL & BUSINESS
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