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
School Info
Assigned Schools Information:
Roxborough High School, Public District Grades 9-12
Charles W. Henry School, Public District Grades KG-8
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.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$14.5K
Per Month
Principal & Interest
$14.4K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$8,761
Powered By
Advertisement
NMLS#3030
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.
Elementary School
6
/10
Charles W. Henry School
601 Carpenter Ln
Distance between this listing and this school0.54 miles
Public District Grades KG-8
High School
2
/10
Roxborough High School
6498 Ridge Ave
Distance between this listing and this school2.07 miles
Public District Grades 9-12
Assigned Schools
6
/10
Charles W. Henry School
601 Carpenter Ln
Distance between this listing and this school0.54 miles
Public District Grades KG-8
Nearby Schools
2
/10
Roosevelt Elementary School
430 E Washington Ln
Distance between this listing and this school0.60 miles
Public District Grades KG-8
4
/10
Emlen Elementary School
6501 Chew Ave
Distance between this listing and this school0.62 miles
Public District Grades KG-5
Nearby Schools
2
/10
Khepera Charter School
144 Carpenter Ln
Distance between this listing and this school0.34 miles
Public Charter Grades KG-8
3
/10
Imani Educationl Circle Charter School
5612 Greene St
Distance between this listing and this school1.12 miles
Public Charter Grades KG-8
5
/10
Hill J E/Freedman Samson
6200 Crittenden St
Distance between this listing and this school1.27 miles
Public District Grades 6-9
Assigned Schools
2
/10
Roxborough High School
6498 Ridge Ave
Distance between this listing and this school2.07 miles
Public District Grades 9-12
Nearby Schools
3
/10
Mastery Charter School-Pickett Campus
5700 Wayne Ave
Distance between this listing and this school1.12 miles
Public Charter Grades 6-12
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. The majority of Philadelphia, PA residents have income less than $35k annually. The majority of families are single, no kids. The majority of residents in this area have post secondary degree education.
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 are the assigned schools for this property?
The assigned schools for 85 E Sharpnack St are: Charles W. Henry School: GreatSchools Rating 6/10Roxborough High School: GreatSchools Rating 2/10
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.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
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.
While more than 252 listings in Philadelphia, PA in October 2024 were sold above asking price, there were more than 237 listings sold at asking price, and more than 567 were sold below. In October 2024 in Philadelphia, PA there were 9.8% more homes for sale than in September 2024. In October 2024 median list price was $261,807 and the average listing age 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. 
Pro Boxing
Pro Boxing
Major League Soccer (MLS)
Tennis
IKEA
Banana Republic
Crate & Barrel
Quiznos
Jack In The Box
Starbucks
Lexus
Toyota
BMW
Soft Adult Contemporary
Jazz
News