1424 Germantown Ave, Philadelphia, PA 19122
Local realty services provided by:Better Homes and Gardens Real Estate Cassidon Realty
1424 Germantown Ave,Philadelphia, PA 19122
$3,650,000
- 18 Beds
- - Baths
- 9,561 sq. ft.
- Multi-family
- Active
Listed by: reda b akbil
Office: compass pennsylvania, llc.
MLS#:PAPH2649246
Source:BRIGHTMLS
Price summary
- Price:$3,650,000
- Price per sq. ft.:$381.76
About this home
Welcome to NOVA at 1424 Germantown Avenue, an architecturally distinctive 9 unita multifamily investment opportunity positioned along one of Philadelphia’s most dynamic residential corridors. Designed around the principles of Japandi living, a thoughtful blend of Japanese warmth, organic materials, and natural textures with Scandinavian minimalism and functionality, NOVA delivers a residential experience that feels intentional, modern, and distinctly different from conventional multifamily construction. Its loft-inspired red-brick exterior and oversized industrial-style windows pay homage to the architectural character of the surrounding Fishtown, Olde Kensington, and Northern Liberties neighborhoods.
This newer-construction, fully leased and stable asset offers investors immediate stabilized income together with approximately seven years remaining on Philadelphia’s FULL tax abatement. The property currently generates $21,855 per month and $262,260 annually in gross rental income, creating a compelling combination of steady cash flow, prime location, long term appreciation, modern construction, and stable turnkey investment with minimal maintenance.
NOVA consists of 9 thoughtfully designed two-bedroom residences, including eight 2-bedroom, 2-bathroom layouts and one expansive 2-bedroom, 2.5-bathroom residence. Most residences offer approximately 886 square feet, while Unit 3 spans approximately 1,368 square feet across a multi-level layout. Units 8 and 9 feature penthouse configurations with private rooftop decks, providing residents with additional outdoor living space and skyline views. Two income-producing parking spaces further complement the property.
The residences were designed to deliver an elevated yet understated living experience. Bright interiors, oversized windows, natural-toned flooring, contemporary kitchens, stainless steel appliances, modern cabinetry, in-unit laundry, central HVAC, and carefully selected finishes create spaces that feel sophisticated without being overly trendy. The result is a timeless design language that supports strong tenant appeal and easy to lease units while differentiating NOVA from more traditional apartment offerings.
Whether acquiring a stabilized asset, completing a 1031 exchange, or expanding a Philadelphia multifamily portfolio, 1424 Germantown Avenue offers a rare opportunity to acquire a fully leased, design-forward nine-unit property with newer construction, approximately seven years of remaining tax abatement, $262,260 in annual gross rental income, two parking spaces, and a highly differentiated residential concept in one of Philadelphia’s most active rental markets
Located along Germantown Avenue, NOVA places residents within convenient reach of the restaurants, cafés, nightlife, retail, and neighborhood amenities that have made the greater Fishtown, Olde Kensington, and Northern Liberties area one of Philadelphia’s most sought-after destinations for renters. The property also provides convenient access to Center City, public transportation, and many of Philadelphia’s major employment and entertainment districts.
Beyond the architecture, NOVA was conceived around the idea that thoughtful development can create impact beyond the building itself. A portion of the project’s profits has supported the SEVA Foundation and its mission of helping provide sight-restoring cataract surgery to children and adults affected by preventable blindness, adding a meaningful social-impact component to the property’s identity....
Contact an agent
Home facts
- Year built:2022
- Listing ID #:PAPH2649246
- Added:59 day(s) ago
- Updated:October 30, 2026 at 02:35 PM
Rooms and interior
- Bedrooms:18
- Kitchen Description:Dishwasher, Microwave, Oven/Range - Electric, Refrigerator, Stainless Steel Appliances
- Living area:9,561 sq. ft.
Heating and cooling
- Cooling:Central A/C
- Heating:90% Forced Air, Central, Electric
Structure and exterior
- Roof:Fiberglass
- Year built:2022
- Building area:9,561 sq. ft.
- Lot area:0.06 Acres
- Construction Materials:Brick, Brick Front
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$3,650,000
- Price per sq. ft.:$381.76
- Tax amount:$2,562 (2025)
New listings near 1424 Germantown Ave
- Coming Soon
$260,000Coming Soon3 beds 4 baths1,608 sq. ft.1203 W Hilton St, PHILADELPHIA, PA 19140
MLS# PAPH2685426Listed by: EXP REALTY, LLC - Coming Soon
$325,000Coming Soon3 beds 2 baths1,368 sq. ft.3623 Genesee Dr, PHILADELPHIA, PA 19154
MLS# PAPH2685942Listed by: HONEST REAL ESTATE - Coming Soon
$245,000Coming Soon3 beds 1 baths1,250 sq. ft.6030 Nassau Rd, PHILADELPHIA, PA 19151
MLS# PAPH2685712Listed by: COMMON GROUND REALTORS - Coming Soon
$320,000Coming Soon-- beds 1 baths984 sq. ft.2007 S Cleveland St, PHILADELPHIA, PA 19145
MLS# PAPH2685924Listed by: VRA REALTY - Coming Soon
$490,000Coming Soon3 beds 1 baths1,512 sq. ft.4821 Osage Ave, PHILADELPHIA, PA 19143
MLS# PAPH2674166Listed by: NEW AGE REALTY GROUP INC - Coming Soon
$390,000Coming Soon4 beds 4 baths1,620 sq. ft.5331 W Berks St, PHILADELPHIA, PA 19131
MLS# PAPH2685852Listed by: REDFIN CORPORATION - Coming Soon
$189,900Coming Soon2 beds 2 baths1,251 sq. ft.3600 Conshohocken Ave #1611, PHILADELPHIA, PA 19131
MLS# PAPH2685914Listed by: KELLER WILLIAMS MAIN LINE - Coming Soon
$649,000Coming Soon4 beds 2 baths2,670 sq. ft.540 Gates St, PHILADELPHIA, PA 19128
MLS# PAPH2684954Listed by: BHHS FOX & ROACH-ROSEMONT - Coming Soon
$350,000Coming Soon3 beds 2 baths1,368 sq. ft.3601 Prince Cir, PHILADELPHIA, PA 19114
MLS# PAPH2685816Listed by: KELLER WILLIAMS REAL ESTATE - NEWTOWN - Coming Soon
$550,000Coming Soon3 beds 2 baths1,940 sq. ft.1015 Mifflin St, PHILADELPHIA, PA 19148
MLS# PAPH2684500Listed by: COMPASS PENNSYLVANIA, LLC
Protect your home and budget from life's surprises with an Assurant Home Warranty, backed by a partner that supports you through every step of homeownership. Explore Plans.
© 2026 Better Homes and Gardens Real Estate LLC. An Anywhere Real Estate company. All rights reserved. Better Homes and Gardens® Real Estate is a registered trademark owned by Meredith Operations Corporation, licensed to Better Homes and Gardens Real Estate LLC and used with permission. Better Homes and Gardens Real Estate LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Listing information is deemed reliable but is not guaranteed accurate.
Each office is independently owned and operated.
Any services or products provided by third parties are not provided by, affiliated with or related to Better Homes and Gardens Real Estate LLC, or its affiliated companies.