Property
Beds
3
Full Baths
None
1/2 Baths
None
Year Built
2009
Sq.Footage
2,353
Prime cash-flowing duplex investment opportunity near Temple University in rapidly developing Philadelphia. Located at 1716 W Norris St, this newer-construction duplex (built in 2009) features two spacious bi-level apartments with a highly desirable student rental layout. One unit offers 4 bedrooms and 2 full bathrooms and features a spacious open-concept first floor living and dining area ideal for shared living. The second unit includes 3 bedrooms and 2 full bathrooms, providing flexible rental appeal for both student groups and young professionals. Each unit offers hardwood floors, central air and heat, in-unit washer and dryer, and excellent natural sunlight throughout. The apartments are in very good condition and designed for comfortable shared living, with large bedrooms and open common areas that appeal strongly to student tenants. Separate utilities for each unit help keep operating costs efficient for ownership. The property is fully leased with long-term tenants, generating strong annual income and providing immediate cash flow from day one. With continued growth in the Temple rental market, investors have clear upside potential to increase rents over time as leases renew and adjust to market levels, creating a compelling value-add opportunity alongside stable existing income. The location is ideal for tenants, just minutes from the main campus of Temple University and surrounded by popular campus nightlife, restaurants, and neighborhood amenities including Maxi's Pizza Subs & Bar, The Draught Horse, and Pub Webb. Tenants also enjoy convenient access to shopping, dining, and everyday essentials nearby. Transportation throughout the city is simple with close proximity to the SEPTA Broad Street Line along with multiple bus routes connecting to Center City and surrounding neighborhoods. The property is being offered individually or as part of a portfolio package with nearby properties at 1826 W Norris St and 1921 N Gratz St, providing investors the rare opportunity to acquire multiple income-producing properties within approximately two blocks of one another in the Temple University rental market. Strong student rental demand, large bedroom count, modern construction, and immediate income make this a standout Temple-area investment opportunity.
Features & Amenities
Interior
-
Other Interior Features
High Ceilings
-
Total Bedrooms
3
-
Bathrooms
N/A
-
Above Grade Finished Area
2353.0
-
Basement YN
YES
-
Cooling YN
YES
-
Cooling
Central Air, Electric
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Natural Gas, Forced Air
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Brick
-
Parking
On Street
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.03
-
Property Type
Residential Income
-
Property Sub Type
Duplex
-
Architectural Style
Other
Price
-
Sales Price
$425,000
-
Tax Amount
$7,498
-
Sq. Footage
2, 353
-
Price/SqFt
$180
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Foundation Details
Block
-
Sewer
Public Sewer
-
Tax Lot
182
-
Water Source
Public
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Location
County
PHILADELPHIA
Elementary School
Middle School
High School
Listing Courtesy of Thaddeus Dynakowski III , OCF Realty LLC - Philadelphia
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Owner, President, Investment Property Advisor
Theresa Kehler
Call Theresa today to schedule a private showing.
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