2318 N Park Avenue

PHILADELPHIA, PA 19132

  • 0 Bed(s)
  • 0 Bath(s)
  • 5,149 Sqft
  • 2140
    Sqft(Lot)
$885,000

Description

Agent phl is delighted to present 2318 n park ave, an exceptional multifamily investment opportunity in the heart of the thriving temple university submarket.

constructed in 2014 and meticulously maintained by the original owner, this 6-unit, 10-bedroom property exemplifies modern convenience and low-maintenance appeal. each unit is designed to maximize tenant satisfaction, featuring contemporary finishes, spacious layouts, and large windows that flood the interiors with natural light, creating a warm and inviting atmosphere.

adding to its allure is the convenience of two on-site parking spaces, a rare and highly coveted amenity in this dense urban neighborhood. the property is strategically located just two blocks from temple university’s main campus, placing it within walking distance of classrooms, amenities, and the university’s vibrant social scene. this prime location has made the property a preferred choice for off-campus student housing, ensuring consistent demand and high occupancy rates.

the building is currently 100% leased, generating a robust net operating income (noi) of $59,304 and offering investors an attractive 6.701% cap rate. surrounded by similar off-campus housing developments, the property benefits from a stable rental market and steady appreciation potential. its modern construction and strong operating performance make 2318 n park ave an outstanding addition to any multifamily portfolio.

  • Property Type

    Multi-Family

  • Subdivision

    Temple University

  • County

    PHILADELPHIA

  • Style

    Contemporary

  • AD ID

    48517377

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Property Details

  • Water/Sewer

    • Water Source : Public

    Heating & Cooling

    • Cooling: Central A/C
    • Heating: Central
    • Cooling Fuel: Electric
    • Heating Fuel: Electric

  • Building Information

    • Year Built: 2014
    • Structure: Other
    • New Construction: No
    • Total Units: 4
    • Built: 2014
    • Construction Material: Masonry
    • Architecture: Contemporary
    • Pool/Private: No Pool

    Pool Information

    • Pool: No Pool

    Utility Features

    • Sewer: Public Sewer

    Water

    • Water Heat: Electric

  • Lot Information

    • Lot Size: 2,140
    • Dimensions: 20.00 x 107.00
    • Lot Size (Acres): 0.05
    • Architectural Style: Contemporary
    • Stories Total: 4
    • Main Square Feet: 2,140

    Property Information

    • SQ ft: 5,149
    • SQ ft (Living Area): 5,149
    • Total Lot SQ ft: 2,140
    • Subdivision: TEMPLE UNIVERSITY
    • Appx. Lot Dimensions: 20.00 x 107.00
    • Total Acreage: 0.05
    • New Construction: No
    • Type: Contemporary

  • Listing Information

    • Possession: Immediate,0-30 Days CD,Settlement
    • Days Of Market: 63

  • Tax Information

    • Annual Tax: $7,175
    • Tax Year: 2024
    • Total Taxes Payment Frequency: Annually

    Possession

    • Immediate,0-30 Days CD,Settlement

    Assessment Information

    • Taxes Assessment Amount: $512,600

  • Virtual Tour

    Parking Information

    • Parking Type: Driveway

    Homeowners Association Information

    • Direction: Use GPS

  • School Information

    • School District: PHILADELPHIA CITY

    Utility Information

    • Water Source: Public
    • Sewer: Public Sewer
    • Cooling Fuel: Electric
    • Heating Fuel: Electric
    • Hot Water: Electric
    • Elevators: 0

    Location Information

    • Direction: Use GPS
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BuyOwner last updated this listing 05/10/2025 @ 07:27

  • MLS: PAPH2441728
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: BRIGHT MLS

is a Other, with 0 bedrooms which is for sale, it has 5,149 sqft, 2,140 sized lot, and 0 parking. are nearby neighborhoods.