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1620 N Bailey St
For Sale $1,200,000
$1,200,000
- 6 Units
- Unknown Sq Ft
- 2,363 Sq Ft
- Unknown Cap Rate
Description
Exceptional investment opportunity to acquire a newly constructed 6-unit multifamily asset in a rapidly developing section of Philadelphia. Ideally positioned just 2 miles from major hospitals, minutes from Fairmount Park, and within walking distance to popular dining and neighborhood amenities, this turnkey property is designed to attract strong tenant demand and long-term rental stability.
The building features thoughtfully designed modern residences with high-end finishes throughout, including contemporary two-tone kitchens, stainless steel appliances, Calacatta quartz countertops, recessed LED lighting, oversized casement windows, luxury vinyl flooring, and in-unit washer/dryers in every apartment. Select units offer eat-in kitchen bars, private balconies, walk-in showers, and access to roof deck space, creating premium appeal for today’s renters. Spacious bedroom layouts and ample closet space further enhance tenant retention potential.
This asset presents an ideal opportunity for investors seeking low-maintenance new construction with strong income potential in one of Philadelphia’s growing rental corridors. With modern systems, efficient layouts, and luxury-style finishes, the property offers reduced near-term capital expenditure exposure and strong positioning for market-rate rents. Additional income potential is available through two on-site parking spaces leased separately at $100 per month each.
Whether added to an existing portfolio or acquired as a stabilized long-term hold, this newly built multifamily property combines location, quality construction, and desirable amenities to create a compelling investment opportunity in the Philadelphia market.
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $1,200,000 |
| Property Type | Multi-Family |
| Usable Sqft | Unknown |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 2026 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 324117000 |
| MLS # | PAPH2619824 |
| Property ID | 319559457 |
| Lot Sqft | 2,363 |
| Zoning | RSA5 |
| Total Units | 6 |
| Days on Market | 22 |
| Original List Price | Unknown |
| Date Updated | May 20, 2026 |
| Date Created | May 10, 2026 |
Financials not available online. Please inquire with your agent for more details.
Listing Provided By
Varda Yosef an agent of . Lic #RS303840
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Data last updated: June 01, 2026.
Robert Crawford
REAL ESTATE AGENT