1716 W NORRIS ST Philadelphia, PA 19121
UPDATED:
Key Details
Property Type Multi-Family, Townhouse
Sub Type Interior Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 2,353 sqft
Price per Sqft $167
Subdivision Temple University
MLS Listing ID PAPH2599488
Style Other
Abv Grd Liv Area 2,353
Year Built 2009
Available Date 2026-04-01
Annual Tax Amount $7,498
Tax Year 2025
Lot Size 1,095 Sqft
Acres 0.03
Lot Dimensions 15.00 x 73.00
Property Sub-Type Interior Row/Townhouse
Source BRIGHT
Property Description
Each unit offers hardwood floors, central air and heat, in-unit washer and dryer, and excellent natural sunlight throughout. The apartments are in very good condition and designed for comfortable shared living, with large bedrooms and open common areas that appeal strongly to student tenants. Separate utilities for each unit help keep operating costs efficient for ownership.
The property is fully leased with long-term tenants, generating strong annual income and providing immediate cash flow from day one. With continued growth in the Temple rental market, investors have clear upside potential to increase rents over time as leases renew and adjust to market levels, creating a compelling value-add opportunity alongside stable existing income.
The location is ideal for tenants, just minutes from the main campus of Temple University and surrounded by popular campus nightlife, restaurants, and neighborhood amenities including Maxi's Pizza Subs & Bar, The Draught Horse, and Pub Webb. Tenants also enjoy convenient access to shopping, dining, and everyday essentials nearby.
Transportation throughout the city is simple with close proximity to the SEPTA Broad Street Line along with multiple bus routes connecting to Center City and surrounding neighborhoods.
The property is being offered individually or as part of a portfolio package with nearby properties at 1826 W Norris St and 1921 N Gratz St, providing investors the rare opportunity to acquire multiple income-producing properties within approximately two blocks of one another in the Temple University rental market.
Strong student rental demand, large bedroom count, modern construction, and immediate income make this a standout Temple-area investment opportunity.
Location
State PA
County Philadelphia
Area 19121 (19121)
Zoning RM1
Rooms
Basement Full, Fully Finished
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Inclusions all appliances "as-is" with no monetary value
Fireplace N
Heat Source Natural Gas
Exterior
Water Access N
Roof Type Flat
Accessibility None
Garage N
Building
Foundation Block
Above Ground Finished SqFt 2353
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade, Below Grade
Structure Type 9'+ Ceilings,Brick,Dry Wall,High,Other
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 321148200
Ownership Fee Simple
SqFt Source 2353
Acceptable Financing Cash, Contract, Conventional, FHA, Negotiable, PHFA, VA, Other
Listing Terms Cash, Contract, Conventional, FHA, Negotiable, PHFA, VA, Other
Financing Cash,Contract,Conventional,FHA,Negotiable,PHFA,VA,Other
Special Listing Condition Standard
NEARBY SCHOOL & BUSINESS
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Zack Grimmer
Associate Broker | Team Leader | REALTOR | Mortgage Loan Officer | License ID: RS346782 | 1973175 | BK359849