Sold

1718 NORRIS St, Philadelphia, PA 19121

Sqft
2,308

View property features, location on map, relevant school information and overview from seller's agent.

Listed byKeller Williams Realty Devon-Wayne
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Overview

Investor Alert! 24-hour notice required for all showings. Fully occupied and fully leased through July 2026, this exceptional triplex offers immediate cash flow.
Currently generating $2,950 per month ($35,400 gross annual income), this income-producing property is an outstanding opportunity for investors seeking stable returns and long-term growth. The building consists of three residential units currently rented at:
Unit 1: $1,050/month - First floor and basement 3 bed 3 bath
Unit 2: $950/month - Second floor 2 bed 1 bath
Unit 3: $950/month - 3rd floor 2 bed 1 bath

Building just experienced a 7% increase in rental income from the 25/26 to the 26/27 leasing cycle.
Located just minutes from Temple University, public transportation, restaurants, and neighborhood amenities, this property sits in a high-demand rental market with a proven history of strong occupancy. For investors seeking dependable income, this asset checks all the boxes.
Offering an 8%+ cap rate, this is the type of opportunity savvy investors search for but rarely find. With stable income already in place, strong rental demand, and attractive returns from day one, this property delivers the combination of cash flow and value that is becoming increasingly difficult to find in today's market.
This property is being marketed individually and as a package that includes the properties with the following MLS numbers: PAPH2631578 and PAPH2631596

Location

Full feature list

Basic info

Property type
Multi-family
Square feet
2,308
Lot size (acres)
0.03
Year built
1915

Interior features

Basement
Yes, Finished

Exterior features

Horse amenities
Stable

Utilities

Heating
Electric
Cooling
Central Air
Water
Public Water

Taxes

Tax Annual Amount (2026)
$5,581

Public schools

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Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.

Sourced from: Bright MLS MLS®#: PAPH2632718 Last checked:

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