Bi-level, Contemporary, Straight Thru, Split Level, Unit/Flat, Other
1826 W NORRIS STREET
PHILADELPHIA , PA 19121
MLS#: PAPH2597220
$425,000
Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
2014
Sq.Footage
1,839
Prime cash-flowing duplex investment opportunity near Temple University in rapidly developing Philadelphia. Located at 1826 W Norris St, this newer-construction (2014) duplex features two large bi-level apartments, each offering 4 bedrooms and 2 full bathrooms with approximately 1,500 sq ft per unit—a layout highly desirable for student and group rentals near Temple. 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 separate utilities help keep operating costs efficient for ownership. The property is fully leased with long-term tenants, generating nearly $40,000 in annual income, 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 strong value-add opportunity with stable existing income. The location is ideal for tenants, just minutes from Temple University Main Campus 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 easy access to shopping, dining, and everyday conveniences. Transportation throughout the city is simple with nearby access to the SEPTA Broad Street Line along with multiple bus routes. The property is being offered individually or as part of a portfolio package with nearby properties at 1716 W Norris St and 1921 N Gratz St, providing investors the rare opportunity to acquire three 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
N/A
-
Bathrooms
N/A
-
Above Grade Finished Area
1839.0
-
Basement YN
NO
-
Cooling YN
YES
-
Cooling
Central Air, Electric
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Electric, Forced Air, Heat Pump
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Brick Veneer, Brick, Concrete, Stone, Other
-
Parking
On Street
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.02
-
Property Type
Residential Income
-
Property Sub Type
Duplex
-
Architectural Style
Bi-level, Contemporary, Straight Thru, Split Level, Unit/Flat, Other
Price
-
Sales Price
$425,000
-
Tax Amount
$7,208
-
Sq. Footage
1, 839
-
Price/SqFt
$231
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Stories
4
-
Foundation Details
Slab
-
Sewer
Public Sewer
-
Tax Lot
239
-
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, Chief Executive Officer, Portfolio Advisor
Todd Polinchock
Call Todd today to schedule a private showing.
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