A 44-acre complex of 64 two-story buildings tucked into Southwest Philadelphia's Eastwick neighborhood is officially on the market, and it happens to be the biggest apartment property in the city. AJH Management has put International City Apartments up for sale, a 1,068-unit workforce housing complex that has quietly anchored rental life near Philadelphia International Airport since the 1970s.
The Lakewood, New Jersey-based owner purchased the property from Korman Ventures, according to The Real Deal, paying $141 million for it back in 2019. Newmark has the listing, with a team that includes Carl Fiebig, Erin Miller and Maura Kate Spellman leading the effort, per the same outlet. The complex traces back to 1976, when developer Korman built it, according to Bisnow, which also reports the property sits on 44 acres of contiguous land — a rare scale for a single residential parcel inside city limits.
A Sprawling Mix of Units Built for Everyday Renters
International City isn't one monolithic building but a collection of sub-properties: International City Chalets at 8400 Lindbergh Boulevard, and International City Mews and International City Villas at 7900 Lindbergh Boulevard, per The Real Deal. The Chalets alone contain 420 units with private entrances, while the Mews and Villas combine for 648 apartments with semi-private or private entrances. Across the whole complex there are 92 studios, 513 one-bedroom units and 463 two-bedroom units, positioning it squarely as workforce housing.
Asking rents reflect that mission. As of August 2026, studios start at $995 a month and two-bedrooms top out at $1,530, with management dangling a month of free rent on 13-month leases to close out the summer leasing season, Bisnow reports. That works out to an average of $1.60 per square foot, according to The Real Deal — a bargain compared to the Southwest Philadelphia submarket's $1,985 average monthly rent, per CBRE data cited by Bisnow. The same submarket recorded a 4.7% vacancy rate in the second quarter of 2026, the highest of any submarket in the region.
Value-Add Pitch Meets a Rocky Maintenance Record
Newmark's broader marketing team for the listing also includes Chris Koehler, Marybeth Farris and Griffin McGovern, according to Bisnow, and the group is pitching International City as a value-add opportunity — real estate shorthand for a property where a new owner could pour in capital improvements and push rents higher. AJH Management has already put $5 million into upgrades at the property, per The Real Deal.
Whether tenants are feeling the benefit of that spending is another matter. Better Business Bureau records as of August 2026 show International City Apartments carrying a D+ rating with the local BBB office serving Eastern Pennsylvania, tied to unresolved consumer complaints about maintenance response times and property management. That track record could complicate any buyer's plan to renovate units without alienating the workforce tenants the complex was built to house, since the Eastwick submarket's high vacancy rate suggests renters already have options if rents climb too fast.
Eastwick's Long History With Big Development Plans
The neighborhood itself carries outsized weight in Philadelphia's planning history. Eastwick was designated in 1961 as the site of the nation's largest urban renewal project, a sweeping effort that reshaped nearly 3,000 acres of Southwest Philadelphia, according to WHYY. Korman, the original builder of International City, has stayed active in the region since — the company's Korman Communities arm opened the $285 million, 614-unit AVE Normandy development at the Philadelphia Navy Yard earlier this year, marking the first housing inside the shipyard.
International City's sale also lands amid a broader reset in Philadelphia's apartment pipeline. Developers completed a decade-high 8,470 units across the metro area in 2024, according to Multi-Housing News, before groundbreakings fell by 36.8%, a slowdown expected to limit new deliveries through 2026. AJH Management's own footprint stretches well beyond Philadelphia — the firm manages 46 residential communities and more than 16,300 units across seven states, according to Apartments.com.
How International City Stacks Up Against Philly's Biggest Deals
If a sale closes, it would test how much institutional money is willing to bet on Philadelphia's largest apartment property. The current benchmark for the city's multifamily market dates to 2022, when Post Brothers sold the 1,038-unit Presidential City complex on City Avenue — Philadelphia's second-largest multifamily property — to KKR for $357 million, per The Real Deal. Post Brothers has since listed another Philadelphia project, the Darien and the Poplar in the Poplar neighborhood, which combine for 514 units and roughly 33,000 square feet of commercial space, benefiting from 10-year real estate tax abatements.
Those listings arrived as Philadelphia's apartment buildings were leasing up following a period of overbuilding, with lenders and developers growing more comfortable betting on demand for units across the city. Ground-up apartment construction in Philadelphia was expected to jump in 2026, and planned projects across the city were expected to move forward, according to The Real Deal. For now, International City remains Philadelphia's largest multifamily property — and its next owner will inherit both its scale and its reputation among tenants.
