1719 W Norris St, Philadelphia, PA 19121
Local realty services provided by:CENTURY 21 Charles Smith Agency, Inc.
1719 W Norris St,Philadelphia, PA 19121
$500,000
- 8 Beds
- - Baths
- 2,499 sq. ft.
- Multi-family
- Active
Listed by: katherine vail
Office: elfant wissahickon-rittenhouse square
MLS#:PAPH2581420
Source:BRIGHTMLS
Price summary
- Price:$500,000
- Price per sq. ft.:$200.08
About this home
**Prime Temple University Investment Opportunity | 10.93% Cap Rate !** This turnkey triplex offers exceptional cash flow in Temple University's high-demand rental corridor. The 14-year-old new build combines an institutional-grade location with flexible income strategies to maximize investor returns. The property delivers a verified 10.93% cap rate based on current operations. Configured as two 3-bedroom, 3-bathroom units plus one 2-bedroom, 3-bathroom unit, it currently operates as successful short-term rentals with seamless conversion capability to long-term leases. For temple students and families, there's an attractive house-hacking opportunity to occupy one unit while generating income from the remaining two. Situated in Temple University's core rental market, the property benefits from consistent tenant demand and strong rent growth fundamentals that characterize this established student housing corridor. The well-maintained building showcases premium finishes throughout, including modern marble tile, quartz countertops, and custom cabinetry. Each unit features stainless appliances, in-unit washer and dryer, central HVAC, and recessed lighting. The open-concept layouts provide excellent natural light, creating attractive living spaces that command premium rents. Choose your preferred investment strategy. Maximize returns through the current short-term rental model or optimize for passive income and tenant stability by converting to long-term leases. The property has demonstrated strong performance under both operating models. Contact us to review operating statements and schedule a walkthrough of this versatile income-producing asset....
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Home facts
- Year built:2011
- Listing ID #:PAPH2581420
- Added:50 day(s) ago
- Updated:March 28, 2026 at 01:37 PM
Rooms and interior
- Bedrooms:8
- Rooms Total:8
- Flooring:Engineered Wood
- Basement:Yes
- Basement Description:Daylight, Full, Improved, Interior Access, Sump Pump, Windows
- Living area:2,499 sq. ft.
Heating and cooling
- Cooling:Central A/C
- Heating:Forced Air, Natural Gas
Structure and exterior
- Year built:2011
- Building area:2,499 sq. ft.
- Lot area:0.03 Acres
- Architectural Style:Colonial
- Construction Materials:Masonry
- Foundation Description:Concrete Perimeter
Utilities
- Water:Public
- Sewer:Public Septic, Public Sewer
Finances and disclosures
- Price:$500,000
- Price per sq. ft.:$200.08
- Tax amount:$7,735 (2026)
Parking
- Parking description:On Street
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