$599,000

Property Description

9.5+% CAP RATE POTENTIAL | TURNKEY LEGAL TRIPLEX + BONUS SPACE | TEMPLE UNIVERSITY AREA | 100% VACANT Incredible investment opportunity boasting a 9.5+ Cap Rate potential! Located just blocks from Temple University's main campus, this newer-construction, brick-front legal 3-unit property offers massive cash flow, proven rental history, and incredible value-add upside. The property is being delivered 100% vacant, providing immediate flexibility for an investor to set top-of-the-market rents, pick their own tenants, or for an owner-occupant to house-hack. Unit Layout & Income Breakdown ($80,400 Historical Gross Annual Income) Unit A (1st Floor): 3 Beds / 1.5 Baths | Spacious living area, full kitchen, and exclusive access to the private rear backyard. (Previous Rent: $2,100/mo) Unit B (2nd Floor): 3 Beds / 1.5 Baths | Independent floor plan with dedicated living space and full kitchen. (Previous Rent: $2,300/mo) Unit C (3rd Floor): 3 Beds / 2 Baths | Top-floor apartment featuring strong natural light and two full bathrooms. (Previous Rent: $2,300/mo) Massive Value-Add Basement / Bonus Space Lower Level: The basement features a full 4th-unit layout, configured as a 1-bedroom apartment. It is currently being utilized as massive shared tenant storage and houses the common laundry facility (equipped with 2 washers and 2 dryers). This presents an incredible value-add opportunity for future expansion or additional income! Building Features & Mechanicals Finishes: Kitchens feature granite countertops, tiled floors, and full appliance packages. Durable, low-maintenance laminate flooring throughout living areas and bedrooms; fully tiled bathrooms in every unit. HVAC & Utilities: Central heating and A/C units for year-round climate control in every unit. Unit A is individually metered; Units B and C operate on a shared utility setup. All units are pre-wired for high-speed internet and cable. Location: Unbeatable, high-demand location steps from Temple University campus, SEPTA public transit lines, and local campus retail and eateries. With a proven gross income of $6,700/month, highly sought-after 3-bedroom layouts, and a massive bonus footprint in the basement, this turnkey asset is primed to deliver a highly lucrative 9.5+% Cap Rate. Schedule your showing today!

Property Facts & Features

Property Type

Multi Family

Status

Active

Listed

Oct 4, 2026

Price per Sq Ft

$182/sqft

ZIP Code

19121

Parking

On Street

Heating

Central

Cooling

Central A/C

Construction

Masonry

Style

Unit/Flat

Property Tax (2026)

$8,006/yr

Assessed Value

$572,000

Last Sold

$545,000 · Jan 27, 2022

Neighborhood

North Central

County

Philadelphia

School District

The School District of Philadelphia

Estimated Value

Automated estimate. Not an appraisal.

Features & Amenities

Location

Lat 39.97871 · Lng -75.16811