$ 500,000
-
$500,000
Price -
8
Bed -
0
Bath -
2,499
SqFt
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About the Listing EL-W-PH - 3147307
**Prime Temple University Investment Opportunity | 10.93% Cap Rate !** This turnkey triplex offers exceptional cash flow in Temple University's high-demand rental corridor. The 14-year-old new build combines an institutional-grade location with flexible income strategies to maximize investor returns. The property delivers a verified 10.93% cap rate based on current operations. Configured as two 3-bedroom, 3-bathroom units plus one 2-bedroom, 3-bathroom unit, it currently operates as successful short-term rentals with seamless conversion capability to long-term leases. For temple students and families, there's an attractive house-hacking opportunity to occupy one unit while generating income from the remaining two. Situated in Temple University's core rental market, the property benefits from consistent tenant demand and strong rent growth fundamentals that characterize this established student housing corridor. The well-maintained building showcases premium finishes throughout, including modern marble tile, quartz countertops, and custom cabinetry. Each unit features stainless appliances, in-unit washer and dryer, central HVAC, and recessed lighting. The open-concept layouts provide excellent natural light, creating attractive living spaces that command premium rents. Choose your preferred investment strategy. Maximize returns through the current short-term rental model or optimize for passive income and tenant stability by converting to long-term leases. The property has demonstrated strong performance under both operating models. Contact us to review operating statements and schedule a walkthrough of this versatile income-producing asset.
Listing Highlights
Status
Active
Days on Site
45
Property Type
Multi-Family
MLS ®
PAPH2581420
Year Built
2011
Total Square Footage
2,499
Lot/Acreage
0.03
Interior Details
- Bedrooms: 8
- Bathrooms: 0 Full
- Appliances:
- Air Cond: Central A/C
- Heating: Forced Air
- Fireplaces:
- Floor: Engineered Wood
- Above Ground Sq Ft: 2499
- Below Ground Sq Ft: 0
- Basement: Daylight,Full,Improved,Interior Access,Sump Pump,Windows
- Other: Bathroom - Stall Shower,Bathroom - Tub Shower,Bathroom - Walk-In Shower
- Water: Public
Exterior Details
- Lot Description: Horse Property: No
- Garage Capacity: N/A
- Lot Dimensions: 18.00 x 65.00
- Zoning: RM1
- Roof:
- Others: Excellent
- Sewer: Public Septic,Public Sewer
- Parking Features: On Street
Financial Details
- Tax Amount: $7,735
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2026
Payment Calculator
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Questions About..
1719 W Norris St Philadelphia, PA 19121
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