$ 815,000
-
$815,000
Price -
0
Bed -
0
Bath -
5,149
SqFt
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About the Listing KWRLTYLP1 - 3312618
Agent PHL is delighted to present 2318 N Park Ave, an exceptional multifamily investment opportunity in the heart of the thriving Temple University submarket. Constructed in 2014 and meticulously maintained by the original owner, this 6-unit, 10-bedroom property exemplifies modern convenience and low-maintenance appeal. Each unit is designed to maximize tenant satisfaction, featuring contemporary finishes, spacious layouts, and large windows that flood the interiors with natural light, creating a warm and inviting atmosphere. Adding to its allure is the convenience of two on-site parking spaces, a rare and highly coveted amenity in this dense urban neighborhood. The property is strategically located just two blocks from Temple University’s main campus, placing it within walking distance of classrooms, amenities, and the university’s vibrant social scene. This prime location has made the property a preferred choice for off-campus student housing, ensuring consistent demand and high occupancy rates. The building is currently 100% leased, generating a robust Net Operating Income (NOI) of $63,904 and offering investors an attractive 7.84% Cap Rate. Surrounded by similar off-campus housing developments, the property benefits from a stable rental market and steady appreciation potential. Its modern construction and strong operating performance make 2318 N Park Ave an outstanding addition to any multifamily portfolio.
Listing Highlights
Status
Active
Days on Site
11
Property Type
Commercial Sale
MLS ®
PAPH2632238
Year Built
2014
Total Square Footage
5,149
Lot/Acreage
0.05
County
Philadelphia
Neighborhood
Temple University
Area
19132 (19132)
School District
Philadelphia City
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond: Central A/C
- Heating: Central
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Parking Spaces: 2
- Lot Dimensions: 20.00 x 107.00
- Zoning: RM-1
- Roof:
- Others:
- Sewer: Public Sewer
- Parking Features: Driveway,2+ Spaces,1+ Spaces
Financial Details
- Tax Amount: $7,175
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2026
Payment Calculator
Monthly Payment
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- in Taxes
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Questions About..
2318 N Park Ave Philadelphia, PA 19132
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