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About This Home

This 0-bedroom, 0-bathroom residential multi family at 1718 NORRIS Street in Philadelphia, PA is listed for $299,900 ($130 per sqft). Built in 1915, the home offers 2,308 sqft of living space on a 0.03 acres lot.

Agent Description

Investor Alert! 24-hour notice required for all showings. Fully occupied and fully leased through July 2026, this exceptional triplex offers immediate cash flow. Currently generating $2,950 per month ($35,400 gross annual income), this income-producing property is an outstanding opportunity for investors seeking stable returns and long-term growth.

The building consists of three residential units currently rented at: Unit 1: $1,050/month - First floor and basement 3 bed 3 bath Unit 2: $950/month - Second floor 2 bed 1 bath Unit 3: $950/month - 3rd floor 2 bed 1 bath Building just experienced a 7% increase in rental income from the 25/26 to the 26/27 leasing cycle.

Located just minutes from Temple University, public transportation, restaurants, and neighborhood amenities, this property sits in a high-demand rental market with a proven history of strong occupancy. For investors seeking dependable income, this asset checks all the boxes.

Offering an 8%+ cap rate, this is the type of opportunity savvy investors search for but rarely find. With stable income already in place, strong rental demand, and attractive returns from day one, this property delivers the combination of cash flow and value that is becoming increasingly difficult to find in today's market. This property is being marketed individually and as a package that includes the properties with the following MLS numbers: PAPH2631578 and PAPH2631596

Key Features

  • Built in 1915
  • 0.03 acre lot

Property Details

1915

Amenities

A/C

Monthly Cost Estimate

$1,604/mo

20% down · 6.5% · 30 years

Principal$217
Interest$1,300
Insurance$87

Estimates only. Actual payments may vary.

Location

1718 NORRIS Street

Philadelphia, PA 19121

Property Details

Construction

Masonry

Parking

On Street

Heating

Forced Air

Cooling

Central Air

Questions & Answers

This 0-bedroom, 0-bathroom residential multi family at 1718 NORRIS Street is listed at $299,900 ($130/sqft). The estimated monthly payment is $1,300 based on 20% down at 6.5% interest.

Key features include: Built in 1915, 0.03 acre lot.

This property is listed by Michael Coleman and can be reached at 4849426266 or mikecolemanrealestate@gmail.com.

MC

Michael Coleman

Agent at Keller Williams Realty Devon-Wayne

(484) 942-6266

Listed by Keller Williams Realty Devon-Wayne · View on Broker Site

MLS# PAPH2632718· Source: listhub· Updated 1 days ago

Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

1718 NORRIS Street, Philadelphia, PA 19121

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