Prime cash-flowing duplex investment opportunity near Temple University in rapidly developing Philadelphia. Located at 1716 W Norris St, this newer-construction duplex (built in 2009) features two spacious bi-level apartments with a highly desirable student rental layout. One unit offers 4 bedrooms and 2 full bathrooms and features a spacious open-concept first floor living and dining area ideal for shared living. The second unit includes 3 bedrooms and 2 full bathrooms, providing flexible rental appeal for both student groups and young professionals.
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 designed for comfortable shared living, with large bedrooms and open common areas that appeal strongly to student tenants. Separate utilities for each unit help keep operating costs efficient for ownership.
The property is fully leased with long-term tenants, generating strong annual income and 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 compelling value-add opportunity alongside stable existing income.
The location is ideal for tenants, just minutes from the main campus of Temple University 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 convenient access to shopping, dining, and everyday essentials nearby.
Transportation throughout the city is simple with close proximity to the SEPTA Broad Street Line along with multiple bus routes connecting to Center City and surrounding neighborhoods.
The property is being offered individually or as part of a portfolio package with nearby properties at 1826 W Norris St and 1921 N Gratz St, providing investors the rare opportunity to acquire multiple 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.
Listed by Thaddeus Dynakowski III
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OCF Realty LLC - Philadelphia
·
2159953199
Last updated June 09, 2026
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Source: BrightMLS #PAPH2599488
Listing Facts
TypeMulti-family
NeighborhoodNorth Central
Days on Prevu76
Taxes$7,498/year
Size2,353 sqft
Price per sqft$168
Location
Mortgage Calculator
Listing History
06/05/2026
Price Decreased
$395,000
04/01/2026
Listed by OCF Realty LLC - Philadelphia
$425,000
Property Details for 1716 W Norris Street
Exterior
Construction
New Construction: No
Number Of Units Total: 2
Property Condition: Excellent, Very Good, Good
Roof: Flat
Year Built: 2009
Architectural Style: Other
Construction Materials: Brick
Features
Other Structures: Above Grade, Below Grade
Waterfront: No
Measurements
Lot Dimensions Source: Assessor
Lot Size Acres: 0.03
Lot Size Dimensions: 15
Lot Size Source: Assessor
Lot Size Square Feet: 1,095
Lot Size Units: Square Feet
Financial
Taxes
Tax Annual Amount: $7,498.00
Tax Year: 2025
Interior
Features
Fireplace: No
Measurements
Living Area: 2,353
Living Area Source: Assessor
Rooms
Basement: Full, Fully Finished
Has Basement: Yes
Other
Location
Subdivision Name: TEMPLE UNIVERSITY
Tax Lot: 182
Parking
Parking
Garage: No
Utilities
Equipment
Cooling: Central A/C
Heating: Forced Air
Has Heating: Yes
Sewer: Public Sewer
Water Source: Public
Frequently Asked Questions
How many bedrooms does this multi-family home have?
There is bedrooms in this multi-family home at 1716 W Norris Street.
What are the annual taxes for 1716 W Norris Street?
Annual taxes for this multi-family home are estimated at $7,498.
How does 1716 W Norris Street compare to other multi-family homes in North Central?
This multi-family home is listed 69% below the average price for multi-family homes in North Central and has been on the market for 47 less days than the typical home in this area.
What is the square footage on this multi-family home?
According to the MLS, this listing is 2,353 sqft.
1716 W Norris Street is a -bedroom multi-family home for sale in PHILADELPHIA PA 19121. Listed on Prevu for 76 days at $395,000. This includes a recent price decrease of $30,000. This residence features 2,353 square feet of living space, located in North Central. The median listing price for multi-family homes in this area is $410,000. View other multi-family home listings in Philadelphia.
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