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Philadelphia, PA 19144,90 E JOHNSON ST
Philadelphia, PA 19144,90 E JOHNSON ST
Philadelphia, PA 19144,90 E JOHNSON ST
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Graceann Tinney

Graceann Tinney

+1(267) 373-8244
Listed by Saam Tashayyod • Trophy Commercial Real Estate LLC
$1,067,500
Est. payment /mo
0.26 Acres Lot
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Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

Subdivision None Available

MLS Listing ID PAPH2522100

Year Built 1905

Annual Tax Amount $5,193

Tax Year 2024

Lot Size 0.260 Acres

Acres 0.26

Lot Dimensions 99.00 x 115.00

Property Sub-Type Five Or More Units

Source BRIGHT

Property Description

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 7.10% and a projected Year 1 return of 8.71%. 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.

Location

State PA

County Philadelphia

Area 19138 (19138)

Zoning RSA3

Interior

Hot Water Natural Gas

Heating Hot Water

Cooling Ceiling Fan(s), Wall Unit

Flooring Wood

Heat Source Natural Gas

Exterior

Garage Spaces 2.0

Water Access N

Accessibility Level Entry - Main

Total Parking Spaces 2

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Philadelphia City

Others

Tax ID 881212670

Ownership Fee Simple

Security Features Main Entrance Lock

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

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Bright MLS (BMLS)

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Graceann Tinney

Graceann Tinney

Agent | RSRS344523

+1(267) 373-8244

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90 E JOHNSON ST

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