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Key Details
Property Type Townhouse
Sub Type Interior Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 2,784 sqft
Price per Sqft $132
Subdivision Temple University
MLS Listing ID PAPH2665182
Style Traditional
Bedrooms 8
Full Baths 3
HOA Y/N N
Abv Grd Liv Area 2,784
Year Built 1915
Annual Tax Amount $5,144
Tax Year 2026
Lot Size 1,560 Sqft
Acres 0.04
Property Sub-Type Interior Row/Townhouse
Source BRIGHT
Property Description
The property is occupied and leased through July 2027 at $2,750 per month ($33,000 gross annual income). Stabilized rent is $4,000 per month ($48,000 gross annual income), giving the next owner a clear opportunity to increase income when the current lease ends. Currently securing lease for 27/28 at rental rate of $4000 a month.
The property is zoned for 6 units, creating significant future value-add potential for the next owner, subject to buyer due diligence.
Located just steps from Temple University's Main Campus and within the Temple University Patrol Zone, the property sits in one of Philadelphia's strongest off-campus rental corridors, known for consistent tenant demand and long-term rental stability. The property also offers roof access.
This property is being marketed individually and as a package that includes the properties with the following MLS numbers: PAPH2665118, PAPH2665128, PAPH2665158, PAPH2665168, PAPH2665172, PAPH2665174, PAPH2665188, PAPH2665196, PAPH2665198 and PAPH2686570
The property has historically generated $52,800 in annual gross rental income, reflecting strong, proven demand in this corridor. With no tenant in place, an investor has full flexibility to re-lease at today's market rates, renovate, or pursue the property's value-add zoning potential right away.
Located just steps from Temple University's main campus and within the Temple University Patrol Zone, the property benefits from one of Philadelphia's strongest student housing corridors, known for consistent tenant demand and long-term rental stability.
A standout feature of this investment is its RM-1 zoning, allowing up to six units by right (subject to buyer due diligence), creating significant long-term value-add potential for future redevelopment or reconfiguration — an opportunity made easier by the property's current vacant status.
This property is being marketed individually and as a package that includes the properties with the following MLS numbers: PAPH2665118, PAPH2665128, PAPH2665158, PAPH2665168, PAPH2665172, PAPH2665174, PAPH2665178, PAPH2665182, PAPH2665180, PAPH2665184, PAPH2665188, PAPH2665192, PAPH2665196, PAPH2665198 and PAPH2665206
Location
State PA
County Philadelphia
Area 19121 (19121)
Zoning RM1
Rooms
Basement Unfinished
Main Level Bedrooms 2
Interior
Hot Water 60+ Gallon Tank
Heating Forced Air
Cooling Central A/C
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Private Pool No
Building
Story 3
Foundation Brick/Mortar
Above Ground Finished SqFt 2784
Sewer Public Sewer
Water Public
Architectural Style Traditional
Level or Stories 3
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Philadelphia City
Others
Senior Community No
Tax ID 321098500
Ownership Fee Simple
SqFt Source 2784
Special Listing Condition Short Sale
Nearby Locations
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Lisa St. Clair-Kimmey
Broker Associate License ID: 17387
Broker Associate License ID: 17387