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MLS: #PAPH2649246, Listed By: Reda Akbil, Compass Pennsylvania, LLC, Source:Bright MLS

1424 Germantown Avenue

PHILADELPHIA, PA 19122
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Bed 18

Bed

Bath 0

Bath

SqFt9,561

Sqft

Acres0.06

Acre(Lot)

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 stabil ized 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.

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Detail Ic Property Details

Property Type : Residential Income

Price : $3,650,000

AD Id : 90914233

MLS Id : PAPH2649246

Beds : 18

Lot Size : 0.06 Acre

Living Area Size : 9,561 Sq. Ft

Tax Amount : $2,562

Year Built : 2022

County : PHILADELPHIA

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Feature Features

  • Bedroom Information

    Total beds: 18
  • Roofing Information

    Fiberglass
  • Interior Features

    High Ceilings Roof: Fiberglass Appliances: Electric Range, Electric Oven, Electric Water Heater, Refrigerator, Stainless Steel Appliance(s), Microwave, Dishwasher
  • Heating & Cooling

    Has Heating: Yes Heating: Electric, Central, Forced Air Has Cooling: Yes Cooling: Central Air, Electric

  • Building Information

    Year Built: 2022 Building Area Total: 9561 Construction Materials: Brick Veneer, Other, Brick Pool Features: None Private Pool: No View: City

  • Lot Information

    Lot Dimensions: 0.00 x 79.00 Lot Size Acres: 0.06 Lot Size Source: Assessor Lot Size Square Feet: 2732

  • Listing Price Information

    Listing Price: $3650000

  • Tax Information

    Parcel Number: 881000068 Tax Lot: 135 Tax Year: 2025 Annual Tax: $2562

  • Parking Information

    None

  • Location Information

    Direction: Germantown ave WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
2146 N Front Street, Philadelphia, PA, 19122 $789,000 6 -- -- 0.03 Acre
107 TO 115 W Thompson S.., Philadelphia, PA, 19122 $999,999 10 -- 3,308 0.03 Acre
119 W Susquehanna Avenue, Philadelphia, PA, 19122 $2,250,000 12 -- 4,500 0.05 Acre
153 W Jefferson Street, Philadelphia, PA, 19122 $1,900,000 3 -- 14,750 0.15 Acre
1747 Tilghman Street, Philadelphia, PA, 19122 $1,050,000 4 -- 4,160 0.03 Acre
1901 N 2nd Street, Philadelphia, PA, 19122 $800,000 6 -- 2,989 0.03 Acre
1500 N 2nd Street, Philadelphia, PA, 19122 $1,900,000 9 -- -- 0.02 Acre
1904 N 2nd Street, Philadelphia, PA, 19122 $599,000 -- -- 2,592 0.03 Acre
2122 N 2nd Street, Philadelphia, PA, 19122 $650,000 5 -- 3,400 0.02 Acre
1613 N Philip Street, Philadelphia, PA, 19122 $450,000 3 -- 1,620 0.02 Acre

The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which ByOwner participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have closed or are no longer being offered for sale. Information Deemed Reliable But Not Guaranteed. Copyright © 2026 Bright MLS. All rights reserved.

ByOwner last updated this listing 09/19/2026 @ 09:51

MLS: PAPH2649246 LISTED BY: Reda Akbil, Compass Pennsylvania, LLC 267-435-8015 SOURCE: Bright MLS

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