1826 W Norris Street, Philadelphia, PA 19121

Property Description

Prime cash-flowing duplex investment opportunity near Temple University in rapidly developing Philadelphia. Located at 1826 W Norris St, this newer-construction (2014) duplex features two large bi-level apartments, each offering 4 bedrooms and 2 full bathrooms with approximately 1,500 sq ft per unit—a layout highly desirable for student and group rentals near Temple. 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 separate utilities help keep operating costs efficient for ownership. The property is fully leased with long-term tenants, generating nearly $40,000 in annual income, 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 strong value-add opportunity with stable existing income. The location is ideal for tenants, just minutes from Temple University Main Campus 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 easy access to shopping, dining, and everyday conveniences. Transportation throughout the city is simple with nearby access to the SEPTA Broad Street Line along with multiple bus routes. The property is being offered individually or as part of a portfolio package with nearby properties at 1716 W Norris St and 1921 N Gratz St, providing investors the rare opportunity to acquire three 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.

Property Features

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