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Bought with Keyon Whiting • Realty Mark Associates
$ 285,000
$ 299,900 5.0%
1718 NORRIS ST Philadelphia, PA 19121
2,308 SqFt
UPDATED:
Key Details
Sold Price $285,000
Property Type Multi-Family
Sub Type Interior Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 2,308 sqft
Price per Sqft $123
MLS Listing ID PAPH2632718
Sold Date 07/17/26
Style Traditional
Abv Grd Liv Area 1,908
Year Built 1915
Annual Tax Amount $5,581
Tax Year 2026
Lot Size 1,307 Sqft
Acres 0.03
Property Sub-Type Interior Row/Townhouse
Source BRIGHT
Property Description
Currently generating $2,950 per month ($35,400 gross annual income), this income-producing property is an outstanding opportunity for investors seeking stable returns and long-term growth. The building consists of three residential units currently rented at:
Unit 1: $1,050/month - First floor and basement 3 bed 3 bath
Unit 2: $950/month - Second floor 2 bed 1 bath
Unit 3: $950/month - 3rd floor 2 bed 1 bath
Building just experienced a 7% increase in rental income from the 25/26 to the 26/27 leasing cycle.
Located just minutes from Temple University, public transportation, restaurants, and neighborhood amenities, this property sits in a high-demand rental market with a proven history of strong occupancy. For investors seeking dependable income, this asset checks all the boxes.
Offering an 8%+ cap rate, this is the type of opportunity savvy investors search for but rarely find. With stable income already in place, strong rental demand, and attractive returns from day one, this property delivers the combination of cash flow and value that is becoming increasingly difficult to find in today's market.
This property is being marketed individually and as a package that includes the properties with the following MLS numbers: PAPH2631578 and PAPH2631596
Location
State PA
County Philadelphia
Area 19121 (19121)
Zoning RM1
Rooms
Basement Fully Finished
Interior
Hot Water Electric
Heating Forced Air
Cooling Central A/C
Heat Source Electric
Exterior
Water Access N
Accessibility None
Garage N
Building
Foundation Block
Above Ground Finished SqFt 1908
Sewer Public Septic
Water Public
Architectural Style Traditional
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 321148305
Ownership Fee Simple
SqFt Source 2308
Special Listing Condition Standard
