1,600 Sqft Lot
1,600 Sqft Lot
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Subdivision Temple University
MLS Listing ID PAPH2615726
Year Built 1915
Annual Tax Amount $13,115
Tax Year 2026
Lot Size 1,600 Sqft
Acres 0.04
Lot Dimensions 20.00 x 80.00
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
The property consists of 5 total units (4 residential + 1 commercial) and is currently operating at 100% occupancy, generating approximately $7,250/month ($87,000 annually) in gross income.
The asset benefits from a strong in-place tenant base, including a stabilized commercial tenant and residential units leased through 2026, providing immediate cash flow with limited near-term rollover risk. The residential unit mix (1BR and 2BR layouts) aligns directly with Temple's student housing demand, ensuring consistent leasing velocity.
With in-place rents already performing near market levels, the opportunity offers a blend of stable income and long-term appreciation within one of Philadelphia's most actively traded investment corridors.
Location
State PA
County Philadelphia
Area 19121 (19121)
Zoning CMX2
Interior
Hot Water Electric
Heating Central
Cooling Central A/C
Heat Source Electric
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 472059600
Ownership Fee Simple
Special Listing Condition Standard
Nearby Locations
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