1718 W NORRIS ST, Philadelphia, PA 19121
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1718 W NORRIS ST, Philadelphia, PA 19121
1718 W NORRIS ST, Philadelphia, PA 19121
1718 W NORRIS ST, Philadelphia, PA 19121
1718 W NORRIS ST, Philadelphia, PA 19121
Listed by Mike Coleman • Keller Williams Realty Devon-Wayne
Bought with Keyon Whiting • Realty Mark Associates

$285,000

Est. payment /mo

$299,900

5.0%
Est.Price: ?

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1718 W NORRIS ST Philadelphia, PA 19121

1,307 Sqft Lot

SOLD DATE : 07/17/2026

Key Details

Sold Price $285,000

Property Type Commercial

Sub Type Five Or More Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID PAPH2632744

Sold Date 07/17/26

Year Built 1915

Annual Tax Amount $5,581

Tax Year 2026

Lot Size 1,307 Sqft

Acres 0.03

Property Sub-Type Five Or More Units

Source BRIGHT

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

Location

State PA

County Philadelphia

Area 19121 (19121)

Zoning RM1

Interior

Hot Water 60+ Gallon Tank

Heating Forced Air

Cooling Central A/C

Heat Source Electric

Exterior

Water Access N

Accessibility None

Garage N

Building

Sewer Public Septic

Water Public

New Construction N

Schools

School District Philadelphia City

Others

Tax ID 321148305

Ownership Fee Simple

Special Listing Condition Standard

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