Back to Search
2318 N Park Ave
For Sale $885,000 ($171.88 per Sq Ft)
$885,000 ($171.88 per Sq Ft)
- 4 Units
- 5,149 Sq Ft
- 2,140 Sq Ft
- Unknown Cap Rate
Description
Agent PHL is delighted to present 2318 N Park Ave, an exceptional multifamily investment opportunity in the heart of the thriving Temple University submarket.
Constructed in 2014 and meticulously maintained by the original owner, this 6-unit, 10-bedroom property exemplifies modern convenience and low-maintenance appeal. Each unit is designed to maximize tenant satisfaction, featuring contemporary finishes, spacious layouts, and large windows that flood the interiors with natural light, creating a warm and inviting atmosphere.
Adding to its allure is the convenience of two on-site parking spaces, a rare and highly coveted amenity in this dense urban neighborhood. The property is strategically located just two blocks from Temple University’s main campus, placing it within walking distance of classrooms, amenities, and the university’s vibrant social scene. This prime location has made the property a preferred choice for off-campus student housing, ensuring consistent demand and high occupancy rates.
The building is currently 100% leased, generating a robust Net Operating Income (NOI) of $59,304 and offering investors an attractive 6.701% Cap Rate. Surrounded by similar off-campus housing developments, the property benefits from a stable rental market and steady appreciation potential. Its modern construction and strong operating performance make 2318 N Park Ave an outstanding addition to any multifamily portfolio.
Loading map...
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
Property Details
| List Price | $885,000 |
| Property Type | Other |
| Usable Sqft | 5,149 |
| Number of Stories | 4 stories |
| Parking Spots | 0 spots |
| Year Built | 2014 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 881070802 |
| MLS # | PAPH2441728 |
| Property ID | 321243679 |
| Lot Sqft | 2,140 |
| Zoning | RM1 |
| Total Units | 4 |
| Days on Market | 24 |
| Original List Price | Unknown |
| Date Updated | February 05, 2025 |
| Date Created | February 05, 2025 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | $77,200 | $0 |
| Net Income (Yr) | $ 59,304 |
| Cap Rate | 6.70% |
Listing Provided By
Or Aharon an agent of . Lic #RS354310
© 2025 Copyright BRIGHT, All Rights Reserved
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 Closed 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.
BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors.
Information Deemed Reliable But Not Guaranteed
Data last updated: March 01, 2025.
Robert Crawford
REAL ESTATE AGENT