1 of 33

Want to see this property?

2318 N Park Avenue

Philadelphia, PA 19132

– beds
– baths
5,149 sqft
2,140 sqft lot
$171 per sqft
2014 build

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 $59,304 and offering investors an attractive 6.701% 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.

Listing courtesy of BRIGHT / Keller Williams Realty - Ocean City

Last checked: Checking… • Last updated Feb 6, 2025 •

MLS# PAPH2441728 —

The Building

Year Built:

2014
Year Built Source:

Assessor
New Construction:

No
Construction Materials:

Masonry
Building Levels:

4
Building Units Total:

4
Structure Type:

Other
Architectural Style:

Contemporary
Accessibility Features:

None
Total SqFt Source:

Assessor
Total Below Grade SqFt Source:

Assessor
Tax Total Finished SqFt:

5149

Interior

Fireplace:

No
Living Area SqFt Source:

Assessor

Room Dimensions

Total SqFt:

5149
Living Area SqFt:

5,149 Sqft

Financial & Terms

Sale Type:

Standard
Possession:

Immediate, 0-30 Days CD, Settlement

Location

Directions:

Use GPS
Latitude:

39.98823929
Longitude:

-75.15473175

The Property

Property Type:

Multi-Family
Property Subtype:

Other
Lot Size Units:

Square Feet
Lot Size Acres:

0.05
Lot Size Source:

Assessor
Lot Size Dimensions:

20.00 x 107.00
Lot Dimensions Source:

Assessor
Lot SqFt:

2,140 Sqft
Zoning:

RM1
Other Structures:

Above Grade, Below Grade
Waterview:

No
Waterfront:

No
Water Oriented:

No
Water Access:

No
Navigable Water:

No
Tidal Water:

No
Land Use Code:

CA0
Riparian Rights:

No

Listing Agent

Contact info:

Taxes

Tax ID Number:

881070802
Tax Year:

2024
Tax Lot:

110
Tax Annual Amount:

$7,175
Tax Assessed Value:

$512,600
Year Assessed:

2025
School Tax:

4018.0
City/Town Tax:

3157.00
Total Taxes Payment Frequency:

Annually

The Listing

Virtual Tour

Heating & Cooling

Cooling Type:

Central A/C
Central Air:

Yes
Cooling Fuel:

Electric
Heating:

Yes
Heating Type:

Central
Heating Fuel:

Electric

Utilities

Sewer/Septic:

Public Sewer
Hot Water:

Electric
Water Source:

Public

Schools

School District Name:

Philadelphia City
School District Source:

Listing Agent

The Community

Subdivision Name:

Temple University
Pool:

No Pool
Cap Rate:

6.70

Parking

Total Garage and Parking Spaces:

1
Garage:

No
Type of Parking:

Driveway
Driveway - # of Spaces:

1

Extra Units

Other Units:

Unit 1,Unit 2,Unit 4,Unit 5,Unit 3,Unit 6
Vacation Rental:

No
Single Room Units:

2
Two Bedroom Units:

4

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
2/5/25 Feb 5, 2025	Listed / Active	BRIGHT	$885,000

Want a closer look?

Go see 2318 N Park Avenue

Or Call Toll Free 1-800-241-3327

We guarantee that we’ll never spam you.

* indicates a required field

More homes

Newest listings in Philadelphia, PA

Similar sold homes

This multifamily located in Lower North, Philadelphia, PA 19132 is currently for sale for $885,000. 2318 N Park Avenue is a 5,149 square foot multifamily with – beds and – baths. 2318 N Park Avenue is in the Lower North neighborhood of Philadelphia and has a WalkScore® of 76, making it very walkable. This multifamily is in the attendance area of John F. Hartranft School, Kensington Health Sciences Academy, Kensington Creative And Performing Arts High School, and Kensington High School.

Listing Courtesy of: BRIGHT and Keller Williams Realty - Ocean City.

The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. BRIGHT MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller.