MLS#PAPH2632238
STATUSACTIVE
PROPERTY TYPECommercial -
SUBDIVISIONTEMPLE UNIVERSITY
SCHOOLPHILADELPHIA CITY
Property Description
Agent PHL is delighted to present 2318 N Park Ave, an exceptional multifamily investment opportunity in the heart of the thriving Temple University submarket. Constructed in 2014 and meticulously maintained by the original owner, this 6-unit, 10-bedroom property exemplifies modern convenience and low-maintenance appeal. Each unit is designed to maximize tenant satisfaction, featuring contemporary finishes, spacious layouts, and large windows that flood the interiors with natural light, creating a warm and inviting atmosphere. Adding to its allure is the convenience of two on-site parking spaces, a rare and highly coveted amenity in this dense urban neighborhood. The property is strategically located just two blocks from Temple University’s main campus, placing it within walking distance of classrooms, amenities, and the university’s vibrant social scene. This prime location has made the property a preferred choice for off-campus student housing, ensuring consistent demand and high occupancy rates. The building is currently 100% leased, generating a robust Net Operating Income (NOI) of $63,904 and offering investors an attractive 7.22% Cap Rate. Surrounded by similar off-campus housing developments, the property benefits from a stable rental market and steady appreciation potential. Its modern construction and strong operating performance make 2318 N Park Ave an outstanding addition to any multifamily portfolio.
Property Features
Property Type: Commercial -
Cooling: Central A/C
Fuel Type: Electric
Heating: Central
Lot Size: 0.05 Acres
Taxes: $7,175
Year Built: 2014
Feature Descriptions
Exterior: Masonry
Lot Dimensions: 0.05 Acre(S)
Municipality: PHILADELPHIA
Sewer: Public Sewer
Total Garage/Parking Spaces: 2
Water: Public
Local Schools
School District: PHILADELPHIA CITY
Listed By / Shown By
Listed By
Agency Name: Keller Williams Liberty Place
Agency Phone: 6093995454
Shown By
Agency Title: RealtyMark
Agency Phone: 888-260-0040
2318 N Park Avenue | MLS# PAPH2632238
This commercial property located at 2318 N Park Avenue , Philadelphia, PA 19132 is currently listed for sale with an asking price of $885,000. N Park Avenue is located within the PHILADELPHIA CITY school district. Search Philadelphia real estate on www.realtymark.net today.