6 months on rocket

1809 N 18th St, Philadelphia, PA, 19121

$962,500

Home List Price

$10,000*

Closing Credit

0 Baths
2,598 SqFt
$370/SqFt
Multi

Location

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1809 N 18th St, Philadelphia$962,500

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeTriplex
ParkingOn Street
Year Built1915
HeatingForced Air
CoolingCentral Air
BasementYes
MLS #PAPH2347194
Lot Size0.04 Acres
StatusActive
(ACTIVE)

About 1809 N 18th St

Welcome to your next savvy investment opportunity! Nestled just blocks away from Temple University, this income-producing triplex is a gem! Perfect for seasoned investors looking to expand their portfolio or first-time investors eager to dive into the market. Comprising one 5-bedroom, 4-bathroom unit and two 3-bedroom, 2-bathroom units, this triplex offers modern amenities and spacious layouts that appeal to students and tenants alike. Each unit features contemporary finishes, galley and wrap-around kitchens, in-unit washer/dryer, ample closet space, and more! Unit A has access to a fenced patio, Unit B residents can enjoy the spacious upper deck at the rear, and Unit C boasts a sprawling rooftop deck, perfect for entertaining or relaxing under the stars. Currently fully leased for the 2024-2025 school year, this property generates an impressive gross annual income of $109,920. With top market rents and 25% estimated operating expenses, the projected net operating income ensures a steady cash flow. Tenants can experience the convenience of living just minutes away from popular student attractions like Geasy Field, Temple Track, and The Liacouras Center. There are approximately 7+ years left on the ten year tax abatements. Information needs to be verified by a buyer with city tax office. Schedule your appointment today!

Property Details

Property Features

Property Information:

  • Architectural Style: Bi-level
  • Year Built: 1915
  • Living Area: 2,598 SqFt

Listing Office:

  • Office Name: Keller Williams Real Estate-Blue Bell
  • Office Phone: (215) 646-2900
  • Listing Agent: James J Romano

Interior Features

Interior Information:

  • Appliances: Microwave, Dishwasher, Stainless Steel Appliances, Washer/Dryer Stacked, Oven, Electric Range
  • Basement: Yes
  • Flooring Type: Vinyl
  • Interior: Built-Ins, Combination Kitchen/Living, Recessed Lighting, Floor Plan - Open, Upgraded Countertops, Walk-in Closet(s)

Exterior Features

Parking Information:

  • Parking: On Street

Lot Features

Lot Information:

  • Lot Size: 0.04 Acres

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: Central Air

Other

Directions Information:

  • Directions: Heading north on Broad Street, make a left onto Cecil B. Moore Avenue and then make a right onto North 18th Street.

Municipality:

  • Philadelphia

Price Information

Listing Price Info

Price Summary:

  • List Price: $962,500
  • Price Per SqFt: $370/SqFt

Tax Information:

  • Annual Amount: $5,924
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Philadelphia, PA.

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Philadelphia, PA

City

Med. Sold Price

$261.8K

Med. Price/SqFt

$199

Avg. Days On Market

44

# of Sold Homes

1056

1809 N 18th St vs Philadelphia

206 DAYS ON ROCKET

+162 Days

$962,500

+$700.6K More

$370/SqFt

+$171 More

KEY TAKEAWAY

This property is $700.6K more than the Median Sold Price and $171/SqFt more than other homes in Philadelphia, PA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: BRIGHT
  • MLS Number: #PAPH2347194

Listing Office:

  • Office Name: Keller Williams Real Estate-Blue Bell
  • Office Phone: (215) 646-2900
  • Listing Agent: James J Romano

IDX Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.

The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.

BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2024 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/22/2024, 1:20:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jun 05, 2020Home Sold
$175,000

Tax History

YEARPROP. TAXASSESSMENT
2020$5,924 -
2019 - $80,000
2018 - $75,500
2017 - $75,500

History based on county public records data.

Payment Calculator

$4,871

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,952

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-617811
3
/10

  • Stephen Girard Elementary School

  • 1800 Snyder Ave

  • 0.29 miles

  • Public District Grades KG-4

school-card-donut-617812
7
/10

  • Abram Stockton Jenks School

  • 2501 S 13th St

  • 0.76 miles

  • Public District Grades KG-5

school-card-donut-617813
5
/10

  • Francis Scott Key School

  • 2230 S 8th St

  • 0.94 miles

  • Public District Grades KG-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $25,899. Most Philadelphia, PA residents have annual incomes less than $35k. Residents typically live in single, no kids family. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›Pennsylvania›Philadelphia County›Philadelphia›19121›1809 N 18th St

This home is located at 1809 N 18th St in Philadelphia, PA and zip code 19121 in the South Philadelphia neighborhood. This 2,598 square foot home, which was built in 1915, sits on a 0.04 acre lot. It has been listed on Rocket Homes since April 30, 2024 and is currently priced at $962,500.

Philadelphia, PA housing market in October 2024 saw over 252 listings sold above listed price, more than 237 sold at listed price and over 567 sold below. The number of listings in Philadelphia, PA increased by 9.8% between September 2024 and October 2024. Listings spent 44 days on the market in October 2024, and had a median list price of $261,807 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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