1542 Fontain St, Philadelphia, PA 19121
Local realty services provided by:CENTURY 21 A Better Way
1542 Fontain St,Philadelphia, PA 19121
$675,000
- 3 Beds
- - Baths
- - sq. ft.
- Multi-family
- Sold
Listed by: michael coleman, danielle redenbaugh
Office: keller williams realty devon-wayne
MLS#:PAPH2631578
Source:BRIGHTMLS
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Price summary
- Price:$675,000
About this home
Investor Alert! 24-hour notice required for all showings. New Construction Duplex | Tax Abatement Through 2035
Exceptional opportunity to acquire a fully stabilized, institutional-quality student housing asset just steps from Temple University. Built in 2024, 1542 Fontain Street is a luxury duplex featuring a 3-bed/3-bath unit and a 5-bed/5-bath unit, totaling 8 bedrooms and 8 bathrooms across more than 4,000 square feet.
The property is 100% occupied and leased through July 2027, generating $75,600 in annual gross rental income. With modern construction, efficient layouts, and strong in-place cash flow, the asset offers investors immediate yield with minimal operational burden.
Designed specifically for the student housing market, both units feature highly desirable 1:1 bedroom-to-bathroom ratios, luxury finishes, central HVAC, in-unit laundry, oversized common areas, and private outdoor space. The lower unit includes a private rear patio, while the upper unit features an exclusive roof deck with skyline views—amenities that consistently drive strong leasing performance and tenant retention.
A 10-year tax abatement through 2035 provides a significant ownership advantage, with an estimated remaining tax savings of approximately $80,000. As recent new construction, the property offers minimal near-term capital expenditure requirements and low maintenance costs, enhancing long-term cash flow and investment stability.
Located within the Temple University Patrol Zone and just two blocks from main campus, 1542 Fontain benefits from one of Philadelphia's most established off-campus housing markets, characterized by consistent tenant demand, strong occupancy, and proven rent growth. With long-term leases already in place, luxury amenities, and substantial tax advantages, this is a rare opportunity to acquire a turnkey, cash-flowing asset in one of the city's strongest student housing corridors.
This property is being marketed individually and as a package that includes the properties with the following MLS numbers: PAPH2632718, PAPH2632744, PAPH2635058 and PAPH2635078...
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Home facts
- Year built:2023
- Subdivision & Development:PHILADELPHIA (NORTH)
- Listing ID #:PAPH2631578
- Added:88 day(s) ago
- Updated:September 05, 2026 at 06:00 AM
Rooms and interior
- Bedrooms:3
- Rooms Total:8
- Kitchen Description:Built-In Microwave, Dishwasher, Oven/Range - Electric, Refrigerator
- Basement:Yes
- Basement Description:Fully Finished
Heating and cooling
- Cooling:Central A/C
- Heating:Electric, Forced Air
Structure and exterior
- Year built:2023
- Architectural Style:Traditional
- Construction Materials:Masonry
- Foundation Description:Block
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$675,000
- Tax amount:$2,185 (2026)
Parking
- Parking description:On Street
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