$ 425,000
-
$425,000
Price -
3
Bed -
4
Bath -
2,353
SqFt
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About the Listing OCFRLTY - 3324533
Prime cash-flowing duplex investment opportunity near Temple University in rapidly developing Philadelphia. Located at 1716 W Norris St, this newer-construction duplex (built in 2009) features two spacious bi-level apartments with a highly desirable student rental layout. One unit offers 4 bedrooms and 2 full bathrooms and features a spacious open-concept first floor living and dining area ideal for shared living. The second unit includes 3 bedrooms and 2 full bathrooms, providing flexible rental appeal for both student groups and young professionals. Each unit offers hardwood floors, central air and heat, in-unit washer and dryer, and excellent natural sunlight throughout. The apartments are in very good condition and designed for comfortable shared living, with large bedrooms and open common areas that appeal strongly to student tenants. Separate utilities for each unit help keep operating costs efficient for ownership. The property is fully leased with long-term tenants, generating strong annual income and providing immediate cash flow from day one. With continued growth in the Temple rental market, investors have clear upside potential to increase rents over time as leases renew and adjust to market levels, creating a compelling value-add opportunity alongside stable existing income. The location is ideal for tenants, just minutes from the main campus of Temple University and surrounded by popular campus nightlife, restaurants, and neighborhood amenities including Maxi's Pizza Subs & Bar, The Draught Horse, and Pub Webb. Tenants also enjoy convenient access to shopping, dining, and everyday essentials nearby. Transportation throughout the city is simple with close proximity to the SEPTA Broad Street Line along with multiple bus routes connecting to Center City and surrounding neighborhoods. The property is being offered individually or as part of a portfolio package with nearby properties at 1826 W Norris St and 1921 N Gratz St, providing investors the rare opportunity to acquire multiple income-producing properties within approximately two blocks of one another in the Temple University rental market. Strong student rental demand, large bedroom count, modern construction, and immediate income make this a standout Temple-area investment opportunity.
Listing Highlights
Status
Active
Days on Site
7
Property Type
Multi-Family
MLS ®
PAPH2599488
Year Built
2009
Total Square Footage
2,353
Lot/Acreage
0.03
County
Philadelphia
Neighborhood
Temple University
Area
19121 (19121)
School District
The School District Of Philadelphia
Interior Details
- Bedrooms: 3
- Bathrooms: 4 Full
- Appliances:
- Air Cond: Central A/C
- Heating: Forced Air
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 2353
- Below Ground Sq Ft: 0
- Basement: Full,Fully Finished
- Other:
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Lot Dimensions: 15.00 x 73.00
- Zoning: RM1
- Roof: Flat
- Others: Excellent,Very Good,Good
- Sewer: Public Sewer
- Parking Features: On Street
Financial Details
- Tax Amount: $7,498
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
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Questions About..
1716 W Norris St Philadelphia, PA 19121
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