1533 Parrish St - Apartments FOR SALE


Philadelphia, PA 19130- Fairmount-Art Museum
$10,450,000 USD
267-797-2175
1533 Parrish St, Philadelphia, PA for Sale
$10,450,000 USD
Apartments - FOR SALE
1/20
null | 5.76% Cap Rate

1533 Parrish St
Philadelphia, PA 19130
Fairmount-Art Museum


HIGHLIGHTS

  • One block off Broad Street, close to dining, retail, and transportation.
  • Young professionals and students are attracted by upscale units and the vibrant neighborhood.
  • The Maxfield offers distinct architectural style, private rooftop decks, and outdoor spaces driving tenant loyalty.
  • Residents enjoy the smart-home technologies, individual utility metering, and efficient building systems, all of which optimize net income.
  • The units have gourmet kitchens with quartz counters and stainless steel appliances.
  • There are private outdoor spaces enhancing market competitiveness (select units).

OVERVIEW

The Maxfield is a premier multifamily asset in Philadelphia’s rapidly growing Francisville neighborhood. This unique 29-unit building distinguishes itself with a visually compelling façade, private outdoor spaces including exclusive rooftop decks on upper-floor units, and spacious patios for ground-level residences—features highly attractive to quality tenants and ensuring strong retention. With thoughtful design and high-quality construction, The Maxfield attracts tenants seeking upscale urban living at more affordable rates than Center City alternatives. Its strategic location places it in the heart of Francisville’s growing commercial corridor, benefiting directly from expanding retail activity, increasing residential density, and neighborhood amenities. Built with meticulous attention to detail by an experienced Philadelphia-based builder with 20+ years of experience, The Maxfield offers investors durable, quality construction designed to minimize maintenance and capital expenditures. Premium materials, efficient systems, and robust design standards ensure lasting value and tenant satisfaction. All communications, inquiries, and requests should be directed to Millstone’s Philadelphia office. Tours, property inspections, and due diligence visits are available upon request and must be scheduled in advance to ensure appropriate notice to tenants. Interested investors are invited to submit Letters of Intent via email. Offers will be evaluated based on purchase price, proposed terms and timing, financial strength of the buyer, and experience with comparable acquisitions. Prospective buyers are responsible for conducting their independent due diligence. Neither Millstone nor the seller makes any warranties or representations, express or implied, regarding the accuracy or completeness of the information presented in this memorandum.

FOR SALE DETAILS

PRICE

$10,450,000 USD

PRICE/SF

$348 USD /SF

# OF UNITS

29

PRICE/UNIT

$360,345

CAP RATE

5.76%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Maxfield

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2018

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

CMX2

APN/PARCEL ID

881443800

ASK ABOUT THIS PROPERTY

Jonathan BeaulieuMillstone Property GroupMore Info
267-797-2175

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Jonathan BeaulieuMillstone Property GroupMore Info
267-797-2175

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.