Investment Overview

Marcus & Millichap is pleased to present Sydenham Arms Apartments, a twelve-unit multifamily property located at 3416 N Sydenham Street in the Nicetown-Tioga neighborhood of northern Philadelphia, Pennsylvania. Positioned just two blocks from the Lewis Katz School of Medicine at Temple University and three blocks from the Broad & Erie SEPTA Station, the property’s central offers unmatched access to public transportation, Temple’s growing academic footprint, and a wide range of local area retail. Sydenham Arms is comprised of twelve, three-bedroom & two-bathroom units, each measuring approximately 1,150 square feet. The property features twelve dedicated underground parking spaces, which add significant value in a dense urban setting. Moreover, residents enjoy in-unit laundry, central air, garbage disposals, and private balconies. In 2018, ownership completed significant upgrades including new windows, flooring, and hot water tanks, reducing near-term capital expenditure needs for incoming investors. As Temple University remains the submarket’s economic anchor, the school’s sustained growth has been fueled by record-setting admissions and catalyzed multiple capital improvement projects on both of their undergraduate and medical college campuses. Additionally, this growth has attracted regional investor interest and positioned the surrounding neighborhood for long-term appreciation.