1950 N 18th Street
Philadelphia, PA 19121
- – beds
- – baths
- 3,411 sqft
- 1,536 sqft lot
- $124 per sqft
- 2010 build
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$51,600 Gross Annual Income – Fully Leased! Prime Investment Opportunity Near Temple University! Discover this exceptional multi-unit property in the vibrant Temple University area of Philadelphia. Fully leased and generating $4,300 in monthly income, this well-maintained building offers immediate, reliable cash flow through July 2025. **Property Highlights:** - Unit Mix: Two spacious 4-bedroom, 4-bath apartments - Rental Income: $4,300 per month ($51,600 annually) - Lease Terms: Fully leased through July 2025, providing stable occupancy - Condition: Well-maintained with recent updates, attracting quality tenants - Location: Prime proximity to Temple University, in high demand for student and other high quality rentals **Investment Benefits:** - Immediate Income: Proven rental history and dependable cash flow - Desirable Location: Popular area with strong tenant demand - Growth Potential: Located in a neighborhood with ongoing development and rising property values - Turnkey Investment: Minimal maintenance, long-term tenants already secured This is a rare opportunity to acquire a fully leased, turnkey property in one of Philadelphia's hottest rental markets. Whether expanding your portfolio or starting out, this property promises strong returns and long-term growth potential. **Schedule your showing today to explore this outstanding investment!**
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Last updated Jan 18, 2025
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MLS# PAPH2407416 —
The Building
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Year Built:2010
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Year Built Source:Assessor
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New Construction:No
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Construction Materials:Masonry
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Building Units Total:2
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Structure Type:End of Row/Townhouse
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Architectural Style:Other
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Accessibility Features:Other
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Foundation Details:Concrete Perimeter
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Basement:Yes
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Basement Type:Full
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Total SqFt Source:Assessor
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Total Below Grade SqFt Source:Assessor
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Tax Total Finished SqFt:3411
Interior
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Fireplace:No
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Living Area SqFt Source:Assessor
Room Dimensions
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Total SqFt:3411
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Living Area SqFt:3,411 Sqft
Financial & Terms
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Sale Type:Standard
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Buyer Financing:Other
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Possession:Negotiable
Location
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Directions:Use GPS
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Latitude:39.98379517
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Longitude:-75.16362000
The Property
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Property Type:Multi-Family
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Property Subtype:Duplex
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Property Condition:Very Good
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Lot Size Units:Square Feet
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Lot Size Acres:0.04
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Lot Size Source:Assessor
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Lot Size Dimensions:16.00 x 96.00
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Lot Dimensions Source:Assessor
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Lot SqFt:1,536 Sqft
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Zoning:RM1
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Other Structures:Above Grade, Below Grade
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Waterview:No
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Waterfront:No
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Water Oriented:No
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Water Access:No
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Navigable Water:No
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Tidal Water:No
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Land Use Code:W50
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Riparian Rights:No
Listing Agent
- Contact info:
- Agent phone:
- (484) 430-1777
- Office phone:
- (888) 397-7352
Taxes
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Tax ID Number:321227900
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Tax Year:2024
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Tax Lot:228
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Tax Annual Amount:$7,278
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Tax Assessed Value:$520,000
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Year Assessed:2024
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School Tax:4076.0
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City/Town Tax:3202.00
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Total Taxes Payment Frequency:Annually
The Listing
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Close Sale Type:Standard Sale
Heating & Cooling
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Cooling Type:Central A/C
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Central Air:Yes
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Cooling Fuel:Electric
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Heating:Yes
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Heating Type:Central
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Heating Fuel:Electric
Utilities
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Sewer/Septic:Public Sewer
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Hot Water:Electric
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Water Source:Public
Schools
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School District Name:Philadelphia City
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School District Source:Listing Agent
The Community
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Subdivision Name:Temple University
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Pool:No Pool
Parking
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Garage:No
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Type of Parking:On Street
Extra Units
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Other Units:Unit 1,Unit 2
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Vacation Rental:No
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
1/16/25
Jan 16, 2025
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Sold | BRIGHT | $425,000 | -3.4% |
|
1/2/25
Jan 2, 2025
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Pending | BRIGHT | $440,000 | |
|
12/11/24
Dec 11, 2024
|
Sold Subject To Contingencies | BRIGHT | $440,000 |
