1839 N 17th St, Philadelphia, PA 19121 | For Sale

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For Sale $625,000 ($229.69 per Sq Ft)

$625,000 ($229.69 per Sq Ft)
  • (0)
  • Unknown Bedrooms
  • Unknown Bathrooms
  • 2,721 Sq Ft
  • 1,820 Sq Ft

Description

1839 N 17 th  Street

Temple is the 2 nd  largest university in PA and one of the largest on the east coast.
With 2024 undergraduate enrollment reaching over 30,000 students, with limited on
campus housing capacity, the large student population creates a consistent demand for
off campus housing.

This investment property is located in one of the most desirable blocks for off campus
housing at Temple. It is only 2 blocks away from the main campus. It provides strong
cash flow and stable tenancy.

It has ALWAYS been 100% leased up, even during and after COVID.
The annual rental income has been mostly above $80,000 ( varies between $79,800
and $82,500) for the past 8 years under current management. The CAP rate is an
impressive 9%.

The property is a large, well maintained duplex.
Unit A has 6 spacious bedrooms spanning 3 levels. It comes with a full size basement
for laundry, entertainment and storage. The fenced-in backyard provides extra space for
relaxation and enjoyment. The average rent for the unit is $3750 per month with 12
months leases.

Unit B has 5 spacious bedrooms spanning 2 levels with 2.5 bathrooms and a large living
room. The average monthly rent has been between $2900 and $3250.

Financial details are available upon request.

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Amenities

Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt

Income

Rental Units


The income description goes here to explain

Expenses

Property Details

List Price $625,000
Property Type Duplex (2-units)
Usable Sqft 2,721
Number of Stories 0 stories
Parking Spots 0 spots
Year Built 2011
Last Sold Unknown
Sold Price Unknown
APN # 321111400
MLS # PAPH2453936
Property ID 293386622
Lot Sqft 1,820
Zoning RM1
Total Units 2
Days on Market 5
Original List Price Unknown
Date Updated March 07, 2025
Date Created March 06, 2025
Unit # Beds Baths Current Rent Proforma Rent
Unit #1 $79,800 $0
Cap Rate 9.00%

Listing Provided By

Marcus Shellenberger an agent of . Lic #RS333936


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Data last updated: March 11, 2025.
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