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Skip Tolley

skip@captainwaterfront.com +1(410) 935-7500

Listed by Ryan McManus • Keller Williams Liberty Place

$ 1,125,000

Est. payment | -/mo

4,340 SqFt

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$ 1,125,000

Est. payment | -/mo

Save

4,340 SqFt

Key Details

Property Type Multi-Family

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 4,340 sqft

Price per Sqft $259

MLS Listing ID PAPH2593342

Style Unit/Flat

Abv Grd Liv Area 4,340

Year Built 2023

Annual Tax Amount $2,423

Tax Year 2025

Lot Size 1,085 Sqft

Acres 0.02

Lot Dimensions 31.00 x 35.00

Property Sub-Type Detached

Source BRIGHT

Property Description

1100 S 27th Street is a prominent, turnkey corner multifamily asset positioned at the gateway to 19146—one of Philadelphia's most consistently top-performing zip codes for both rental demand and residential sales. Immediate access to I-95, Washington Avenue, Center City, and University City, places it squarely within the city's primary employment, education, and medical corridors. The surrounding area is undergoing tangible, large-scale transformation, supported by billions of dollars in active and planned institutional investment from CHOP, Penn, HUP, and the Pennovation ecosystem. The recently completed $48 million “Christian to Crescent” extension of the Schuylkill River Trail—featuring a striking 650-foot cable-stayed bridge—now directly connects Center City to Grays Ferry and is visible from the property, further enhancing long-term desirability and connectivity. Daily amenities and retail are immediately adjacent—including Fresh Grocer, Chase Bank, and neighborhood services— while the property remains walkable to Graduate Hospital, Point Breeze, Rittenhouse Square, and neighboring high-demand neighborhoods. In-place performance reflects strong market positioning, with average rents of $1.84/SF and $1,600 per unit, offering a clear runway for continued rent growth. Anchored by ±1,000 SF of ground-floor commercial space (plus basement storage), 1100 S 27th provides a durable income stream through long-term NNN tenancy with contractual rental escalations and extension options. The residential units are currently leased below market, representing approximately 12% loss-to-lease upside. The building features open-concept layouts, sun-filled interiors, and modern finishes throughout, including: Contemporary kitchens and sleek bathrooms, In-unit washer/dryers, LVP flooring and flush-mount lighting, High ceilings and efficient units. These features consistently command tenant attention and support durable leasing velocity — paired with low operating expenses, Full 10-Year Tax Abatement in Place (±7 years remaining). 1100 S 27th Street presents a rare opportunity to acquire a low-expense, tax-advantaged multifamily asset in a supply-constrained submarket with visible catalysts for continued appreciation and income growth.

Location

State PA

County Philadelphia

Area 19146 (19146)

Zoning I2

Interior

Hot Water Natural Gas

Heating Forced Air

Cooling Central A/C

Fireplace N

Heat Source Natural Gas

Exterior

Water Access N

Accessibility None

Garage N

Building

Foundation Other

Above Ground Finished SqFt 4340

Sewer Public Sewer

Water Public

Architectural Style Unit/Flat

Additional Building Above Grade, Below Grade

New Construction Y

Schools

School District Philadelphia City

Others

Tax ID 871548675

Ownership Fee Simple

SqFt Source 4340

Special Listing Condition Standard

Nearby Locations

Skip Tolley

Agent | License ID: 528296

+1(410) 935-7500 | skip@captainwaterfront.com

1100-00 S 27TH ST Philadelphia, PA 19146

Skip Tolley

Key Details

Location

Interior

Exterior

Building

Schools

Others

Nearby Locations

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1100-00 S 27TH ST