1702 N 18th St,PHILADELPHIA, PA 19121
PHILADELPHIA, PA 19121
Description
FULLY LEASED THROUGH THE 2026/2027 SCHOOL YEAR and generating $75,600 in annual rental income, this stabilized triplex presents an outstanding turnkey investment opportunity in one of Philadelphia's strongest student rental markets. Producing $6,300 per month with tenants responsible for all utilities. Located just a 10-minute walk from Temple University, the building features three well-designed units consisting of a 5-bedroom, 4-bath residence leased for $2,500/month, a 3-bedroom, 2-bath residence leased for $1,200/month (currently rented under market-value), and a 6-bedroom, 4-bath residence leased for $2,600/month. Additional investor-friendly features include three shared off-street parking spaces, a fully finished basement, private rear patio, in-unit washer and dryer, and hardwood and fresh carpet flooring. Each unit offers spacious open-concept living areas, modern kitchens with espresso shaker cabinetry, quartz countertops, and ample cabinet space, along with multiple contemporary bathrooms featuring tiled walk-in showers and updated fixtures. Recessed lighting, generous bedroom layouts, dedicated laundry, and durable finishes throughout provide the amenities today's tenants expect. Combining immediate income, strong rental history, large bedroom counts, tenant-paid utilities, and a highly desirable location near campus, this is a rare opportunity to acquire a fully stabilized, income-producing asset with proven performance.
Details
| MLS # | PAPH2642972 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Pending-bright |
| Year | 2016 |
| Days On Site | 123 |
| Listing Provided By | KW Empower | Rayma Abdallah |
Features
| SQ Feet | 4,400 |
|---|---|
| Basement | Y |
| Units | 3 |
| Zoning | RM1 |
| Acreage | 0.03 |
Interior
| Cooling | Central A/C |
|---|---|
| Heating Yes / No | Yes |
| Heating | Forced Air |
| Appliances | Dryer, Refrigerator, Washer |
Exterior
| Construction Materials | Brick, Stucco |
|---|---|
| Foundation Details | Concrete Perimeter |
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | Shared Driveway |
Taxes
| Tax Annual Amount | 3168 |
|---|
Area Information
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19121 |
| Area | 19121 (19121) |
| School District | THE SCHOOL DISTRICT OF PHILADELP |
| Listing VS Median (in 19121) | |
Price: $599,900 low | high Med: $189,900 sqft: 4,400 low | high Med: 1,230 $ / sqft: $136 low | high Med: $154 On site: 123 low | high Med: 50 | |
Market Activity 19121
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Learn More About This Property
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19121 |
| Area | 19121 (19121) |
| School District | THE SCHOOL DISTRICT OF PHILADELP |
| Listing VS Median (in 19121) | |
Price: $599,900 low | high Med: $189,900 sqft: 4,400 low | high Med: 1,230 $ / sqft: $136 low | high Med: $154 On site: 123 low | high Med: 50 | |
