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1839 N 17 th Street 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.
Property Type(s):
Multi Family
| Last Updated | 3/13/2025 | Tract | TEMPLE UNIVERSITY |
|---|---|---|---|
| Year Built | 2011 | Community | 19121 (19121) |
| County | PHILADELPHIA |
SCHOOLS
| School District | THE SCHOOL DISTRICT OF PHILADELPHIA |
|---|
Additional Details
| AIR | Central Air, Gas |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Gas Water Heater |
| AREA | 19121 (19121) |
| HEAT | Central, Natural Gas |
| LOT | 1742 sq ft |
| LOT DIMENSIONS | 17.00 x 105.00 |
| PARKING | None |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STYLE | Other |
| SUBDIVISION | TEMPLE UNIVERSITY |
| TAXES | 9703 |
| WATER | Public |
Location
Listing provided by EXP Realty, LLC
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Data last updated: 4/19/25 2:36 AM PDT
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