$850,000
For Sale by Owner $185/sq ft
Listed 2 months ago

Multi-Family for Sale in Philadelphia, PA

1704 N 18th St, Philadelphia, PA 19121
Studio
0 Bath
4,600 sq ft
Built 2016
PropSlick Verified Data Key facts & insights for this exact address
$185
Price / sq ft
2016
Year Built
$7,821
Property Tax / yr
1,841 sf
Lot Size
Philadelphia
County

Key Facts

Property TypeMulti-Family
Year Built2016
Square Footage4,600 sq ft
Lot Size1,841 sq ft
Annual Property Tax$7,821
Price / SqFt$185

Property Description

This FULLY OCCUPIED four-unit investment property offers a rare opportunity to generate immediate cash flow just a short walk from Temple University. LEASED THROUGH THE 2026/2027 SCHOOL YEAR, the property produces $7,300 per month ($87,600 annually) with tenants paying all utilities, resulting in an attractive 6.1% cap rate. The unit mix includes Unit 1: 5 bedrooms, 4 bathrooms and Units 2 to 4: 3 bedrooms, 2 bathrooms each, making it well-positioned for consistent student housing demand. Residents also benefit from three shared off-street parking spaces, a valuable amenity in this highly sought-after location. Inside, each residence showcases spacious open-concept living areas with rich hardwood flooring, contemporary finishes, recessed lighting, dark espresso interior doors, and well-appointed kitchens featuring shaker cabinetry, quartz-style countertops, black appliance packages, and generous cabinet storage. Plush carpeting creates comfortable bedroom retreats, while stylish bathrooms feature walk-in glass showers with oversized charcoal tile, pebble-style shower flooring, and modern vanities. Additional highlights include a fully finished basement, dedicated laundry with Samsung washer and dryer, included refrigerators, washers, and dryers, and a private rear concrete patio enclosed by mature landscaping for added outdoor enjoyment. Located approximately a 10-minute walk to Temple University's main campus, this property sits in one of Philadelphia's strongest rental markets with exceptional convenience. Commuters enjoy quick access to Broad Street, I-676, I-76, and Roosevelt Boulevard, while nearby SEPTA Broad Street Line stations, regional rail service, and multiple bus routes make traveling throughout the city effortless. The neighborhood is surrounded by everyday conveniences, including Fresh Grocer, ALDI, restaurants and cafes along Cecil B. Moore Avenue and Broad Street, Temple University Hospital, and nearby fitness options. Outdoor recreation is just minutes away at Fairmount Park, Smith Memorial Playground, and the Schuylkill River Trail, while Center City, the Philadelphia Museum of Art, Boathouse Row, and numerous dining, shopping, and entertainment destinations are all within a short drive, making this an outstanding addition to any investment portfolio.

Listing description provided by the property owner. PropSlick is not responsible for the accuracy of listing descriptions or any claims made by property owners. PropSlick operates as an advertising platform under 47 U.S.C. 230. Report discriminatory content.

Amenities and Features

Air Conditioning
Heating
Washer/Dryer
Gym/Fitness
Backyard/Patio

Property Location

Map shows approximate location. Exact address provided to serious inquirers upon contact.

Property Research
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Sale history, tax records, neighborhood appreciation, and investment analysis for this address.
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