Investor Alert! 24-hour notice required for all showings. Currently operating as a 7-bedroom, 2.5-bath student rental, the property generates $4,900 per month ($58,800 gross annual income) and is fully leased through July 2027, providing investors with stable, predictable returns from day one.
With an NOI of $45,087.41, this property is offered at nearly a 10% cap rate — an exceptional return profile for a fully leased, stabilized asset in this market.
This property is a legal four-unit rooming house with grandfathered zoning rights, making it a 4-unit building by right. This designation creates significant future value-add potential for the next owner, subject to buyer due diligence.
The property benefits from its premier location just steps from Temple University's main campus, positioned in the heart of the university's most desirable off-campus housing district and within the campus patrol zone. The property also features a private roof deck, one of the most sought-after amenities in the Temple University rental market. Roof decks continue to command strong tenant interest and help differentiate properties from competing inventory, supporting long-term rentability and occupancy.
This property is being marketed individually and as a package that includes the properties with the following MLS numbers: PAPH2665118, PAPH2665128, PAPH2665158, PAPH2665168, PAPH2665172, PAPH2665174, PAPH2665178, PAPH2665182, PAPH2665180, PAPH2665184, PAPH2665188, PAPH2665192, PAPH2665196, PAPH2665198 and PAPH2665206
Save
Ask
Tour
Hide
Share
Listing Snapshot
Price
$499,900
Days On Site
33 Days
Bedrooms
N/A
Inside Area (SqFt)
2,784 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.04 Acres
Year Built
1915
MLS® Number
PAPH2665178
Status
Active
Property Tax
$4,186
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Assessor
Friends & Family
React
Invite
Recent Activity
2 weeks ago
Listing updated with changes from the MLS®
a month ago
Listing first seen on site
General Features
Acres
0.04
Foundation
Block
Parking
On Street
Property Sub Type
Quadruplex
Sewer
Septic Tank
Special Circumstances
Standard
SqFt Above
2784
SqFt Total
2784
Style
Traditional
Water Source
Public
Zoning
RM1
Interior Features
Basement
Unfinished
Cooling
Central AirElectric
Heating
Natural GasForced Air
Save
Ask
Tour
Hide
Share
Exterior Features
Pool Features
None
Community Features
MLS Area
19121 (19121)
School District
PHILADELPHIA CITY
Schools
School District
PHILADELPHIA CITY
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of BHHS Fox & Roach-Center City Walnut