1844 N 17th St, Philadelphia, PA 19121

Property Description

Investor Alert! Showings by appointment with 24 hours notice. Exceptional opportunity to acquire a 6-bedroom, 2.5-bath investment property on the 1800 block of N 16th Street, between Berks Street and Montgomery Avenue, in one of Temple University’s most established off-campus rental markets. The property is fully leased through July 2027 at $4,200 per month ($50,400 gross annual income), or $700 per bedroom per month, providing investors with stable, predictable income from day one. With an NOI of $37,046, this property is offered at an 11.21% cap rate — an exceptional return profile for a fully leased asset in this market. A standout feature of this property is its grandfathered zoning rights 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. Available individually or as part of a larger portfolio package including several neighboring properties on this block and the surrounding area. 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, PAPH2665182, PAPH2665188, PAPH2665196 and PAPH2665198