Investment Overview

Marcus & Millichap is pleased to present 121 N 21st Street, a historically designated six-unit multifamily property located in the highly desirable Logan Square neighborhood of Philadelphia, Pennsylvania. Originally constructed in the early 20th century and fully modernized through renovations in 2014, 2015, 2019, 2023, and 2024, the property has been meticulously maintained under current ownership, offering investors a stabilized asset in one of Center City’s most walkable and transit-connected locations. Major capital improvements include six new hot water tanks (2023), and window replacements—rear windows in 2015 and front windows in 2023. Additionally, all apartments were upgraded in 2018, 2023, and 2024 with new flooring, stainless steel appliances, tile backsplash, ceiling LED lights with dimmers in all rooms, bathroom floor tile, bathroom ceiling tile, tubs, toilets, sinks, and mirrors. These upgrades significantly reduce near-term maintenance costs while enhancing long-term asset value. With an exceptional Walk Score of 97, Transit Score of 100, and Bike Score of 88, residents enjoy unmatched accessibility to the Central Business District, nearby retail corridors, grocery stores, and major highways. Surrounded by Philadelphia’s best restaurants, cultural attractions, and employment centers, 121 N 21st Street offers both stability and upside in a high-demand urban rental market.