1958 N 8th Street
Temple is the 2nd 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 on the newer side of Temple. It is within walking distance to the main campus
and only one block away from the Temple train station. 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 consistently above $47,800 for the past 4 years
under current management. The CAP rate is an impressive 8%.
The property is a large, newer construction duplex built in 2020, with high end finishes.
It still has 5.5 years remaining in its tax abatement.
Unit A has 3 spacious bedrooms and 3 bathrooms spanning 2 levels. It comes with a
fenced in private backyard. The average rent for the unit is between $1800 and $2040
per month with 12 months leases in the past 4 years.
Unit B has 3 spacious bedrooms and 3 bathrooms spanning 2 levels. It comes with a
large roof deck with impressive city views. The average rent for the unit is between
$1950 and $2100 per month.
Financial details are available upon request.
Do you own or manage this property?
This is My PropertyThe income description goes here to explain
| List Price | $525,000 |
| Property Type | Duplex (2-units) |
| Usable Sqft | 2,813 |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 2020 |
| Last Sold | April 30, 2025 |
| Sold Price | 515,000 |
| APN # | 202113400 |
| MLS # | PAPH2453950 |
| Property ID | 293978063 |
| Lot Sqft | 1,073 |
| Zoning | RM1 |
| Total Units | 4 |
| Date Updated | June 26, 2025 |
| Date Created | March 06, 2025 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | $47,880 | $0 |
| Cap Rate | 8.00% |
Marcus Shellenberger an agent of . Lic #RS333936
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2708 Wilshire Blvd #197
Santa Monica, CA 90403
California #02062862
Florida #CQ1065233
Robert Crawford
REAL ESTATE AGENT