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MLS: #PAPH2631578, Listed By: Michael Coleman, Keller Williams Realty Devon-Wayne, Source:Bright MLS

1542 Fontain Street

PHILADELPHIA, PA 19121
Mark as Favorite
Bed 3

Bed

Bath 0

Bath

SqFt4,011

Sqft

Acres0.02

Acre(Lot)

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-bathroo m 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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Detail Ic Property Details

Property Type : Residential Income

Price : $725,000

AD Id : 81597205

MLS Id : PAPH2631578

Beds : 3

Lot Size : 0.02 Acre

Living Area Size : 4,011

Year Built : 2023

County : PHILADELPHIA

Subdivision: Philadelphia (north)

  • Map Map

Map

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Feature Features

  • Bedroom Information

    Total beds: 3

    Room Information

    Rooms Total: 8 Has Basement: Yes Basement: Finished
  • Flooring Information

    Wood
  • Interior Features

    Appliances: Electric Range, Electric Oven, Electric Water Heater, Washer, Dryer, Refrigerator, Dishwasher, Microwave
  • Heating & Cooling

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

  • Building Information

    Year Built: 2023 Building Area Total: 4011 Pool Features: None Private Pool: No

  • Lot Information

    Lot Dimensions: 14.00 x 58.00 Lot Size Acres: 0.02 Lot Size Source: Estimated Lot Size Square Feet: 812

    Property Information

    Subdivision: PHILADELPHIA (NORTH) Source Property Type: Residential Income Postal Code Plus 4: 2315 Property SubType: Duplex Property Age: 3

  • Listing Price Information

    Listing Price: $725000

  • Tax Information

    Parcel Number: 321027500 Tax Lot: 281 Tax Year: 2026 Annual Tax: $2185

  • Parking Information

    On Street

  • Location Information

    Direction: GPS WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1220 N Carlisle Street, Philadelphia, PA, 19121 $550,000 -- -- 2,397 2,397 SqFt
1222 N Carlisle Street, Philadelphia, PA, 19121 $550,000 2 -- 2,424 2,424 SqFt
1224 N Carlisle Street, Philadelphia, PA, 19121 $550,000 2 -- 2,385 2,385 SqFt
1228 N Carlisle Street, Philadelphia, PA, 19121 $550,000 2 -- 2,385 2,385 SqFt
1230 N Carlisle Street, Philadelphia, PA, 19121 $550,000 2 -- 2,385 2,385 SqFt
2024 N Carlisle Street, Philadelphia, PA, 19121 $800,000 -- -- 2,157 2,157 SqFt
2041 N 15th Street, Philadelphia, PA, 19121 $310,000 5 -- 2,832 2,832 SqFt
1511 W Seybert Street, Philadelphia, PA, 19121 $499,000 -- -- 2,931 2,931 SqFt
1507 W Oxford Street, Philadelphia, PA, 19121 $1,140,000 -- -- 3,000 3,000 SqFt
1545 W Jefferson Street, Philadelphia, PA, 19121 $344,900 8 -- 3,604 3,604 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 06/24/2026 @ 23:49

MLS: PAPH2631578 LISTED BY: Michael Coleman, Keller Williams Realty Devon-Wayne 610-647-8300 SOURCE: Bright MLS

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