$60,300 Gross Annual Income – Fully Leased! Prime Investment Opportunity Near Temple University! Discover this exceptional triplex multi-unit property in the vibrant Temple University area of Philadelphia. Fully leased and generating $5,025 in monthly income, this well-maintained building offers immediate, reliable cash flow through end of July 2025. **Property Highlights:** - Triplex - Unit Mix: Two spacious 3-bedroom, 2-bath apartments & One 5-bedroom, 3-bath apartment - Rental Income: $5,025 per month ($60,300 annually) - Lease Terms: Fully leased through end of July 2025, providing stable occupancy - Condition: Well-maintained with recent updates, attracting quality tenants - Location: Prime proximity to Temple University, in high demand for student and other high quality rentals **Investment Benefits:** - Immediate Income: Proven rental history and dependable cash flow - Desirable Location: Popular area with strong tenant demand - Growth Potential: Located in a neighborhood with ongoing development and rising property values - Turnkey Investment: Minimal maintenance, long-term tenants already secured This is a rare opportunity to acquire a fully leased, turnkey property in one of Philadelphia's hottest rental markets. Whether expanding your portfolio or starting out, this property promises strong returns and long-term growth potential. **Schedule your showing today to explore this outstanding investment!**
Property Details
Property Features
Property Information:
Architectural Style: Other
Year Built: 2010
Living Area: 4,800 SqFt
Listing Office:
Office Name: EXP Realty, LLC
Office Phone: (888) 397-7352
Listing Agent: Danielle S. Py-Salas
Interior Features
Interior Information:
Basement: Yes
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: Use GPS
Municipality:
Philadelphia
Price Information
Listing Price Info
Price Summary:
List Price: $540,000
Price Per SqFt: $113/SqFt
Tax Information:
Annual Amount: $8,696
Tax Year: 2020
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Housing Market Comparison
See how this home compares to others in Philadelphia, PA.
This property is $278.1K more than the Median Sold Price and $86/SqFt less than other homes in Philadelphia, PA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: BRIGHT
MLS Number: #PAPH2407622
Listing Office:
Office Name: EXP Realty, LLC
Office Phone: (888) 397-7352
Listing Agent: Danielle S. Py-Salas
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.
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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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
2
/10
Kipp North Philadelphia Charter School
2539 N 16th St
Distance between this listing and this school0.63 miles
Public Charter Grades KG-6
1
/10
Richard R. Wright Elementary School
2700 W Dauphin St
Distance between this listing and this school0.89 miles
Public District Grades KG-5
3
/10
Mastery Charter School at Clymer
1201 W Rush St
Distance between this listing and this school1.05 miles
Public Charter Grades KG-6
Nearby Schools
3
/10
Tanner G. Duckrey School
1501 W Diamond St
Distance between this listing and this school0.25 miles
Public District Grades KG-8
3
/10
Alliance for Progress Charter School
1821 Cecil B Moore Ave # 39
Distance between this listing and this school0.30 miles
Public Charter Grades KG-8
3
/10
Young Scholars Charter School at Frederick Douglass
2118 W Norris St
Distance between this listing and this school0.34 miles
Public Charter Grades KG-8
Nearby Schools
9
/10
Carver High School
1600 W Norris St
Distance between this listing and this school0.09 miles
Public Magnet Grades 7-12
3
/10
Tech Freire Charter School
2221 N Broad St
Distance between this listing and this school0.45 miles
Public Charter Grades 9-12
2
/10
Philadelphia Military Academy at Elverson
2118 N 13th St # 2160
Distance between this listing and this school0.48 miles
The neighbors living near this home have an average income of $14,759. Typical income of Philadelphia, PA residents is less than $35k annually. Most families are single, no kids. Most residents in this area have high school diploma education.
This home is located at 1958 N 18th St in Philadelphia, PA and zip code 19121 in the Lower North Philadelphia neighborhood. This 4,800 square foot home, which was built in 2010, sits on a 0.04 acre lot. It has been listed on Rocket Homes since October 10, 2024 and is currently priced at $540,000.
In October 2024, from all listings sold in Philadelphia, PA there were more than 252 sold above asking price, over 567 sold below and more than 237 were sold right at the asked price. The number of homes for sale in Philadelphia, PA increased by 9.8% between September 2024 and October 2024. While the average time on the market in October 2024 was 44 days, the median list price was $261,807.
From Rocket Homes Real Estate and based on county public records data.