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Pumsu Lim

stagesite-2.test@chime.me +1(506) 970-3459

$ 500,000

Est. payment | -/mo

1,923 SqFt

Save

$ 500,000

Est. payment | -/mo

Save

1,923 SqFt

Key Details

Property Type Multi-Family, Townhouse

Sub Type End of Row/Townhouse

Listing Status Active

Purchase Type For Sale

Square Footage 1,923 sqft

Price per Sqft $260

Lot Size 1,170 Sqft

MLS Listing ID PAPH2581420

Style Colonial

Total Units 3

Short Sale No

Originating MLS BRIGHT

Available Date 2026-02-20

Property Description

**Prime Temple University Investment Opportunity | 10.93% Cap Rate !** This turnkey triplex offers exceptional cash flow in Temple University's high-demand rental corridor. The 14-year-old new build combines an institutional-grade location with flexible income strategies to maximize investor returns. The property delivers a verified 10.93% cap rate based on current operations. Configured as two 3-bedroom, 3-bathroom units plus one 2-bedroom, 3-bathroom unit, it currently operates as successful short-term rentals with seamless conversion capability to long-term leases. For temple students and families, there's an attractive house-hacking opportunity to occupy one unit while generating income from the remaining two. Situated in Temple University's core rental market, the property benefits from consistent tenant demand and strong rent growth fundamentals that characterize this established student housing corridor. The well-maintained building showcases premium finishes throughout, including modern marble tile, quartz countertops, and custom cabinetry. Each unit features stainless appliances, in-unit washer and dryer, central HVAC, and recessed lighting. The open-concept layouts provide excellent natural light, creating attractive living spaces that command premium rents. Choose your preferred investment strategy. Maximize returns through the current short-term rental model or optimize for passive income and tenant stability by converting to long-term leases. The property has demonstrated strong performance under both operating models. Contact us to review operating statements and schedule a walkthrough of this versatile income-producing asset.

Location

State PA

County Philadelphia

Area 19121 (19121)

Zoning RM1

Rooms

Basement Daylight, Full, Improved, Interior Access, Sump Pump, Windows

Interior

Hot Water Electric

Heating Forced Air

Cooling Central A/C

Fireplace N

Heat Source Natural Gas

1-purchase type For Sale

Exterior

Waterfront N

Water Access N

Accessibility None

Parking Type On Street

Building

New Construction Y

Foundation Concrete Perimeter

Lot Dimensions 18.00 x 65.00

Sewer Public Septic, Public Sewer

Water Public

Architectural Style Colonial

Additional Building Above Grade, Below Grade

Schools

School District Philadelphia City

Others

Tax Amount $7,735

Tax Year 2026

Tax ID 321153000

Ownership Fee Simple

SqFt Source 1923

Special Sale Standard

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Listed by Kate Vail • Elfant Wissahickon-Rittenhouse Square

1719 W NORRIS ST Philadelphia, PA 19121