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MLS: #PAPH2611126, Listed By: ERIC Dvotsky, BHHS Fox & Roach-Center City Walnut, Source:Bright MLS

2243 N Broad Street

PHILADELPHIA, PA 19132
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Bed 10

Bed

Bath 0

Bath

Acres0.06

Acre(Lot)

Philly CRE is pleased to present a premier investment opportunity: a fully occupied, 11-unit mixed-use property built in 2023, ideally located just steps from Temple University’s main campus. Already priced to sell, this asset offers immediate financing upside with a 1.33 DSCR and an exceptional 7.79% cap rate, a rare offering for new construction in today’s market. The property generates $184,860 in annual gross rental income, plus an additional $500 per month ($6,000 annually) in storage income, creating a diversified revenue stream and enhancing overall cash flow. Consistent rental demand is driven by its proximity to both Temple University and Temple University Hospital, attracting a reliable tenant base of students and healthcare professionals. All residential units are leased to PHA tenants with rents secured, providing predictable and low-risk income from day one. The unit mix includes one studio, eight one-bedroom units, and one two-bedroom unit, along with a ground-floor commercial space, creating a diversified and resilient income stream. The property benefits from a ten-year tax abatement with over six years remaining, significantly reducing operating expenses and enhancing overall returns. It has also recently passed reinspection, offering added confidence in the property’s condition and compliance. Built with high-end finishes, each unit features spacious layouts, large bedrooms, and select private balconies that enhance tenant appeal and retention. All units are separately metered and equipped with individual mechanical systems, as well as in-unit washers and dryers, minimizing landlord responsibilities and maximizing operational efficiency. As an added incentive, the offering includes one year of free property management, providing immediate operational support and increased net income for investors. Conveniently located near the Broad Street Line and multiple bus routes, the property offers excellent accessibility throughout Philadelphia. Its location within a Qualified Opportunity Zone may also provide additional tax advantages. With high stabilized income, attractive financing metrics, minimal maintenance requirements, and long-term upside, this is a rare opportunity to acquire a high-performing asset in one of Philadelphia’s most active and supply-constrained rental corridors. Take advantage of this exceptional opportunity to secure a turnkey, high-yielding investment with built-in management support and long-term growth potential.

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Detail Ic Property Details

Property Type : Residential Income

Price : $1,970,000

AD Id : 77657379

MLS Id : PAPH2611126

Beds : 10

Lot Size : 0.06 Acre

Year Built : 2023

County : PHILADELPHIA

Subdivision: Temple University

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Feature Features

  • Bedroom Information

    Total beds: 10

    Room Information

    Has Basement: Yes Basement: Full
  • Interior Features

    Appliances: Electric Water Heater
  • Heating & Cooling

    Has Heating: Yes Heating: Electric, Forced Air Has Cooling: Yes Cooling: Central Air, Electric

  • Building Information

    Year Built: 2023 Construction Materials: Brick, Vinyl Siding Pool Features: None Private Pool: No

  • Lot Information

    Lot Dimensions: 18.00 x 151.00 Lot Size Acres: 0.06 Lot Size Source: Assessor Lot Size Square Feet: 2718

    Property Information

    Subdivision: TEMPLE UNIVERSITY Source Property Type: Residential Income Postal Code Plus 4: 4502 Property SubType: Townhouse Property Age: 3

  • Listing Price Information

    Listing Price: $1970000

  • Tax Information

    Parcel Number: 885438820 Tax Lot: 55 Tax Year: 2025 Annual Tax: $1408

  • Parking Information

    On Street

  • Location Information

    Direction: Use GPS WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
2260 N Broad Street, Philadelphia, PA, 19132 $599,999 9 -- 5,000 5,000 SqFt
2205 N Chadwick Street, Philadelphia, PA, 19132 $255,000 3 2 1,421 1,421 SqFt
2203 N Colorado Street, Philadelphia, PA, 19132 $94,000 3 1 1,038 1,038 SqFt
2926 N Stillman Street, Philadelphia, PA, 19132 $88,000 2 1 932 932 SqFt
2718 W Sterner Street, Philadelphia, PA, 19132 $135,000 2 1 840 840 SqFt
3149 W Dakota Street, Philadelphia, PA, 19132 $49,000 2 1 840 840 SqFt

The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which ByOwner participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have closed or are no longer being offered for sale. Information Deemed Reliable But Not Guaranteed. Copyright © 2026 Bright MLS. All rights reserved.

ByOwner last updated this listing 06/21/2026 @ 02:21

MLS: PAPH2611126 LISTED BY: ERIC Dvotsky, BHHS Fox & Roach-Center City Walnut 215-627-6005 SOURCE: Bright MLS

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