#PAPH2433444, Stephen D. Stafford, Listing Office: SDG Management, LLC
85 E Sharpnack St Philadelphia, PA 19119
Property details
About 85 E Sharpnack St
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.
Highlights
(ACTIVE)
Summary
- MLS Number: PAPH2414060
- MLS Name: BRIGHT
- Office Name: Keller Williams Liberty Place
- Office Phone: (609) 399-5454
- Office Email: klrw903@kw.com
- Listing Agent: Ryan J McManus
- Agent Phone: (610) 606-1095
- Agent Email: ryan@agentphl.com
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Last updated on: 3/14/2025, 4:20:58 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$2,450,000
85 E Sharpnack St
$10,000
closing credit¹
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Price information
Property sales
Date | Event | Price |
---|---|---|
Nov 09, 2018 | Home Sold | $39,000 |
Tax history
Year | Assessment | Property Tax |
---|---|---|
2023 | $23,300 | $326 |
2022 | $23,300 | $326 |
2021 | $- | $326 |
2020 | $23,300 | $326 |
2019 | $23,300 | $326 |
2018 | $23,300 | $326 |
2017 | $23,300 | $326 |
History based on county public records data.
Nearby schools
4
Elenor C. Emlen Elementary School
Public District KG-5
0.6 mi
•6501 Chew Ave
4
Mastery Charter School John Wister Elementary School
Public Charter KG-5
1.4 mi
•67 E Bringhurst St
3
John B. Kelly Elementary School
Public District KG-5
1.7 mi
•5116 Pulaski Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $39,554. Residents of Philadelphia, PA typically earn less than $<35k each year. Most families are single, no kids. The majority of residents in this area have post secondary degree education.
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Frequently asked questions
About 85 E Sharpnack St
This home is located at 85 E Sharpnack St in Philadelphia, PA and zip code 19119 in the Mount Airy neighborhood. This 12,720 square foot home, which was built in 2022, sits on a 0.15 acre lot. Features: 0 bathroom. It has been listed on Rocket Homes since October 25, 2024 and is currently priced at $2,450,000.
Over 154 listings were sold over their listed price in February 2025 in Philadelphia, PA. In the same period over 396 listings were sold below the listed price and 166 listings were sold for the listed price. In February 2025 in Philadelphia, PA there were 10.7% more homes for sale than in January. In February 2025 median list price was $268,469 and the average listing age was 59 days.