AVAILABLE INDIVIDUALLY, or as part of a larger Philadelphia residential portfolio, this offering presents an exceptional opportunity to acquire scale, existing rental income, and long-term optionality in one of the East Coast’s most active urban housing markets. Investors may evaluate individual assets or assemble a customized portfolio based on their acquisition strategy. The full portfolio includes 102 properties totaling 108 residential units, offered at $18,800,000. The assets are located across multiple Philadelphia ZIP codes, including 19132, 19104, 19121, 19139, 19143, 19131, 19151, 19140, 19133, and 19129, providing investors with broad exposure across several residential rental submarkets. The portfolio is currently operated primarily as Housing Choice Voucher / Section 8 rental housing and includes existing tenancy, reported capital improvements, and a substantial citywide footprint. Current ownership reports approximately $9.77M in documented CapEx across the portfolio, averaging roughly $96,775 per property. Actual capital improvements, scope of work, timing, condition, and amount spent vary by property and should be independently reviewed by buyers during due diligence. Reported improvements may include updated kitchens, bathrooms, flooring, lighting, paint, trim, cabinetry, fixtures, appliances, and broader unit-level modernization, depending on the individual property. The portfolio is positioned for investors seeking immediate scale, existing income, and a platform with potential for continued operational refinement. Select properties are also reported to have remaining tax abatement benefits, which may provide additional value subject to buyer verification. For investors looking to establish or expand a meaningful Philadelphia residential portfolio, this offering delivers scale, infrastructure, and flexibility that can be difficult to assemble property by property. All property-level information, financials, rents, expenses, leases, occupancy, abatements, capital improvements, property condition, zoning, and investment assumptions are subject to buyer verification during due diligence.
Mill Creek, located between Mantua and Haddington, is a residential and institutional Philadelphia neighborhood with rowhouse blocks and broad arterial corridors. The neighborhood’s energy concentrates around Lancaster Avenue at 52nd Street, where corner stores, takeout counters, and SEPTA stops line the sidewalks. Community life often orbits the Lee Cultural Center and the nearby Please Touch Museum at Memorial Hall. Brick twins and porch-front rows sit beside larger campus-style buildings tied to Drexel University and Penn. Malcolm X Park adds a green pause along the creek’s former path, while Market Street and Lancaster Avenue set a steady city rhythm.
The RSA, Residential Single-Family Attached districts are primarily intended to accommodate attached and semi-detached houses on individual lots, but may be applied in areas characterized by a mix of housing types, including detached houses. The districts are also intended to provide a density transition between RSD districts and RM districts. The Zoning Code includes five RSA districts that are differentiated primarily on the basis of minimum lot area requirements.
Permitted uses
Include but are not limited to:
Assembly / meeting place
Garden center
Housing-Single unit
Fire house
Police station
Recreation-Other
Oct 9, 2018 • Final
Bp_mech
Install a new heat pump and associated ductwork in a single-family home.
HVAC
Oct 5, 2018 • Final
Pp_plumbng
Install a water closet, lavatory sink, bathtub, kitchen sink, and stand pipe. All work will comply with the local plumbing code.
Plumbing
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
6/10 Heat Factor
7 days above 104° expected this year, 15 days in 30 years
6/10 Wind Factor
27% chance of strong winds in next 30 years
4/10 Air Factor
4 unhealthy days expected this year, 5 days in 30 years
Provided by First Street
Historical weather
Philadelphia, PA • 19139
Average low and high temperatures (°F)
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24
41
27
59
39
67
47
73
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84
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88
72
82
65
80
63
69
50
57
41
42
29
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Feb
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May
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Sun exposure
62/ 100
Moderate sunlight
Sunscore
This home receives average direct sun exposure in Philadelphia. There appears to be some shading by surrounding buildings, terrain, and vegetation.
7.5 hrs
4 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 5011 Reno St
$157,170
$4,830 under list price of $162K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $115K to $220K.