1839 N 17TH ST Philadelphia, PA 19121
2,721 SqFt
UPDATED:
03/13/2025 09:57 PM
Key Details
Property Type Multi-Family, Townhouse
Sub Type Interior Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 2,721 sqft
Price per Sqft $229
Subdivision Temple University
MLS Listing ID PAPH2453936
Style Other
Abv Grd Liv Area 2,721
Originating Board BRIGHT
Year Built 2011
Annual Tax Amount $9,703
Tax Year 2024
Lot Size 1,820 Sqft
Acres 0.04
Lot Dimensions 17.00 x 105.00
Property Sub-Type Interior Row/Townhouse
Property Description
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.
Location
State PA
County Philadelphia
Area 19121 (19121)
Zoning RM1
Interior
Hot Water Natural Gas
Heating Central
Cooling Central A/C
Fireplace N
Heat Source Natural Gas
Exterior
Water Access N
Accessibility Other
Garage N
Building
Foundation Brick/Mortar
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 321111400
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
