1718 Norris St, Philadelphia, PA 19121
Local realty services provided by:Better Homes and Gardens Real Estate Community Realty
1718 Norris St,Philadelphia, PA 19121
$299,900
- 7 Beds
- - Baths
- 2,308 sq. ft.
- Multi-family
- Pending
Listed by: michael coleman, danielle redenbaugh
Office: keller williams realty devon-wayne
MLS#:PAPH2632718
Source:BRIGHTMLS
Price summary
- Price:$299,900
- Price per sq. ft.:$129.94
About this home
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...
Contact an agent
Home facts
- Year built:1915
- Listing ID #:PAPH2632718
- Added:5 day(s) ago
- Updated:June 17, 2026 at 11:26 AM
Rooms and interior
- Bedrooms:7
- Basement:Yes
- Basement Description:Fully Finished
- Living area:2,308 sq. ft.
Heating and cooling
- Cooling:Central A/C
- Heating:Electric, Forced Air
Structure and exterior
- Year built:1915
- Building area:2,308 sq. ft.
- Lot area:0.03 Acres
- Architectural Style:Traditional
- Construction Materials:Masonry
- Foundation Description:Block
Utilities
- Water:Public
- Sewer:Public Septic
Finances and disclosures
- Price:$299,900
- Price per sq. ft.:$129.94
- Tax amount:$5,581 (2026)
Parking
- Parking description:On Street
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