85 E Sharpnack St, PHILADELPHIA, PA 19119
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85 E Sharpnack St,PHILADELPHIA, PA 19119
$2,450,000
- 21 Beds
- - Baths
- 12,720 sq. ft.
- Multi-family
- Active
Listed by:ryan j mcmanus
Office:keller williams liberty place
MLS#:PAPH2414060
Source:BRIGHTMLS
Price summary
- Price:$2,450,000
- Price per sq. ft.:$192.61
About this home
INTRODUCING: 85 EAST — This 9-unit gated new construction apartment community with parking is set back peacefully off the quaint cobbles of Germantown Avenue in Philadelphia’s historic Mount Airy neighborhood in NW PHL. It is a turnkey investment opportunity with an attractive 7.1% cap rate. Comprising 3 contiguous triplex buildings, 85 East features private parking and panoramic rooftop terraces for residents. Each building features two (2) 2bd x 1ba units on the 1st/2nd floors and one (1) 3bd x 2ba unit on the 3rd floor, with private access to the rooftop terrace. The interiors are outfitted with high-end finish kits including quartz countertops, LVP flooring, stainless-steel appliance packages, designer lighting and more. Bright, spacious and airy interiors provide a serene sense of calm inside the buildings. Walkable to Germantown Avenue’s commercial corridor lined with boutiques, shops, breweries, restaurants, cafes and historic structures, 85 East is connected to the fabric of Mount Airy’s eclectic lifestyle. Easy access into Center City and University City by train (3 minutes to Carpenter Station on Chestnut Hill West Septa line) or car (25 minutes to Center City), as well as suburban employment and entertainment districts. Walkable nearby amenities include: Mount Airy Tap Room, Acme, Lovett Memorial Library, Wawa, McMenamin’s, Jansen, Johnson House Historic Site, Weaver’s Way Co-op, Grocery Outlet, Young American Hard Cider and Tasting Room — as well as Wissahickon Valley Park, Chestnut Hill and Historic Germantown. 10 Year Tax Abatement—pay taxes on assessed land value rather than improvements. Minimal expenditures. High-growth rental submarket. BUYER TO VERIFY TAXES, SF, FINANCIALS IN DD.
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Home facts
- Year built:2022
- Listing Id #:PAPH2414060
- Added:293 day(s) ago
- Updated:August 15, 2025 at 01:31 PM
Rooms and interior
- Bedrooms:21
- Living area:12,720 sq. ft.
Heating and cooling
- Cooling:Ductless/Mini-Split
- Heating:Electric, Wall Unit
Structure and exterior
- Roof:Fiberglass
- Year built:2022
- Building area:12,720 sq. ft.
- Lot area:0.15 Acres
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$2,450,000
- Price per sq. ft.:$192.61
- Tax amount:$2,757 (2024)
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