1327-29 N 18th Value add new construction 5 unit

Investor Dream: 5 Unit Build 85% Complete | Francisville Corridor Gem

5-Unit Build | 11% Cap |FULL 10-Yr Tax Abatement

Investor alert: a rare value-add opportunity just steps from the thriving Francisville corridor. Welcome to 1327-29 N 18th Street, a newly built 5-unit multifamily property offering over 8,100 sq ft of thoughtfully designed living space. Currently 85% complete, this project presents a unique opportunity to acquire new construction at a discount—with FULL 10-year tax abatement and projected double-digit cap rate upon stabilization. Each of the five oversized 3-bedroom, 3-bathroom units is optimized for student housing or co-living, with large bedrooms, private balconies, a shared roof deck, and in-unit laundry.

The project stopped in 2023 due to the owner running out of money. They attempted to secure short-term financing to refi out of the current loan, but they were unable to. The current lender does not want to flip the note to a new buyer; they simply want to cash out. The bank is cooperating in a short sale. To the seller's knowledge there are no active violations and the buyer's GC would be responsible for reactivating the permits. This is a 4 story walk up with a common shared roofdeck and only street parking. The surrounding blocks are filled with new construction and this is prime for a young professional/ student housing play.

📊 Investment Snapshot:

• Projected Gross Income: $156,000 annually
• Projected NOI: $129,234
• Estimated Cap Rate (Stabilized): 11%
• Stabilized Value @ 7.5% Cap: $1,723,120
• 💼 Turnkey Support Included:

A reputable, high-quality builder is ready to complete the remaining $222,000 worth of work. A trusted, professional property management company is on standby to lease and manage the building upon completion. Pro forma and floor plans available upon request

Perfectly positioned off the main Francisville corridor, this building sits near universities, public transit, and major redevelopment zones—ensuring long-term tenant demand and appreciation potential. Don’t miss your chance to own a high-yield, tax-abated building in one of Philadelphia’s fastest-growing neighborhoods. Reach out today to walk the site and secure this rare opportunity.

These properties would make an excellent addition to your portfolio. Contact us today to learn more about this exciting investment opportunity.

Proforma