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 6% 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.
Property Details
Property Features
Property Information:
Architectural Style: Other
Year Built: 2022
Living Area: 12,720 SqFt
Listing Office:
Office Name: Keller Williams Liberty Place
Office Phone: (609) 399-5454
Listing Agent: Ryan J McManus
Interior Features
Interior Information:
Flooring Type: Luxury Vinyl Plank
Exterior Features
Exterior Information:
View: Panoramic, City
Parking Information:
Parking: Driveway
Lot Features
Lot Information:
Lot: Flag Lot
Lot Size: 0.15 Acres
Utilities
Utilities Information:
Heating: Other
Other
Directions Information:
Directions: BETWEEN ROSS AND GERMANTOWN ON SHARPNACK
Municipality:
Philadelphia
Price Information
Listing Price Info
Price Summary:
List Price: $2,900,000
Price Per SqFt: $228/SqFt
Tax Information:
Annual Amount: $326
Tax Year: 2020
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Philadelphia, PA.
This property is $2.6M more than the Median Sold Price and $29/SqFt more than other homes in Philadelphia, PA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: BRIGHT
MLS Number: #PAPH2414060
Listing Office:
Office Name: Keller Williams Liberty Place
Office Phone: (609) 399-5454
Listing Agent: Ryan J McManus
Information Deemed Reliable But Not Guaranteed. 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 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 sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
4
/10
Elenor C. Emlen Elementary School
6501 Chew Ave
Distance between this listing and this school0.63 miles
Public District Grades KG-5
4
/10
Mastery Charter School John Wister Elementary School
67 E Bringhurst St
Distance between this listing and this school1.42 miles
Public Charter Grades KG-5
3
/10
John B. Kelly Elementary School
5116 Pulaski Ave
Distance between this listing and this school1.72 miles
Public District Grades KG-5
Nearby Schools
6
/10
Charles W. Henry School
601 Carpenter Ln
Distance between this listing and this school0.56 miles
Public District Grades KG-8
2
/10
Roosevelt Elementary School
430 E Washington Ln
Distance between this listing and this school0.61 miles
Public District Grades KG-8
5
/10
Anna Lane Lingelbach School
6340 Wayne Ave
Distance between this listing and this school0.73 miles
Public District Grades KG-8
Nearby Schools
3
/10
Mastery Charter School-Pickett Campus
5700 Wayne Ave
Distance between this listing and this school1.11 miles
Public Charter Grades 6-12
3
/10
Parkway Northwest
6200 Crittenden St
Distance between this listing and this school1.27 miles
Public Magnet Grades 9-12
2
/10
Promise Academy at Martin Luther King High School
6100 Stenton Ave
Distance between this listing and this school1.45 miles
The neighbors living near this home have an average income of $39,554. Most Philadelphia, PA residents have annual incomes less than $35k. The most common type of family is single, no kids. Typical level of education for residents in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 85 E Sharpnack St
What is the listing price of this property?
The listing price of 85 E Sharpnack St property is $2,900,000.
What type of property is this?
The property 85 E Sharpnack St is a house located in Philadelphia, Pennsylvania, 19119.
Is this property for sale now?
Active Listing: 85 E Sharpnack St is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $326 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on November 9, 2018 for $39,000. (source: MLS/tax record).
What is the square footage of this property?
The property 85 E Sharpnack St is 12,720 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 85 E Sharpnack St is 2022.
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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. It has been listed on Rocket Homes since October 25, 2024 and is currently priced at $2,900,000.
Over 252 listings were sold over their listed price in October 2024 in Philadelphia, PA. In the same period over 567 listings were sold below the listed price and 237 listings were sold for the listed price. Between September 2024 and October 2024, Philadelphia, PA real estate market has seen increase in the number of listings by 9.8%. The median list price of listings available in October 2024 was $261,807, while the average time on the real estate market was 44 days.
From Rocket Homes Real Estate and based on county public records data.
Information Deemed Reliable But Not Guaranteed. 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 participates, and is provided by BRIGHT through a licensing agreement. 
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