MLS#PAPH2632744
STATUSACTIVE
PROPERTY TYPECommercial -
SCHOOLPHILADELPHIA CITY
Property 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
Property Features
Property Type: Commercial -
Cooling: Central A/C
Fuel Type: Electric
Heating: Forced Air
Lot Size: 0.03 Acres
Taxes: $5,581
Year Built: 1915
Feature Descriptions
Days on Site: 2
Electric: 200+ Amp Service
Exterior: Masonry
Lot Dimensions: 0.03 Acre(S)
Municipality: PHILADELPHIA
Sewer: Public Septic
Total Garage/Parking Spaces: 0
Units: 3
Water: Public
Local Schools
School District: PHILADELPHIA CITY
Listed By / Shown By
Listed By
Agency Name: Keller Williams Realty Devon-Wayne
Agency Phone: 6106478300
Shown By
Agency Title: RealtyMark
Agency Phone: 888-260-0040
1718 W Norris Street | MLS# PAPH2632744
This commercial property located at 1718 W Norris Street , Philadelphia, PA 19121 is currently listed for sale with an asking price of $299,900. W Norris Street is located within the PHILADELPHIA CITY school district. Search Philadelphia real estate on www.realtymark.net today.