Under Contract

MLS: #PAPH2632718, Listed By: Michael Coleman, Keller Williams Realty Devon-Wayne, Source:Bright MLS

1718 Norris Street

PHILADELPHIA, PA 19121
Mark as Favorite
Bed 7

Bed

Bath 0

Bath

SqFt2,308

Sqft

Acres0.03

Acre(Lot)

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

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Detail Ic Property Details

Property Type : Residential Income

Price : $299,900

AD Id : 83858331

MLS Id : PAPH2632718

Beds : 7

Lot Size : 0.03 Acre

Living Area Size : 2,308

Year Built : 1915

County : PHILADELPHIA

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Map

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Feature Features

  • Bedroom Information

    Total beds: 7

    Room Information

    Has Basement: Yes Basement: Finished
  • 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: 1915 Building Area Total: 2308 Pool Features: None Private Pool: No

  • Lot Information

    Lot Size Acres: 0.03 Lot Size Source: Estimated Lot Size Square Feet: 1307

  • Listing Price Information

    Listing Price: $299900

  • Tax Information

    Parcel Number: 321148305 Tax Lot: 177 Tax Year: 2026 Annual Tax: $5581

  • 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 06/22/2026 @ 11:42

MLS: PAPH2632718 LISTED BY: Michael Coleman, Keller Williams Realty Devon-Wayne 610-647-8300 SOURCE: Bright MLS

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