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1718 Norris StreetPhiladelphia, PA 19121

In Contract

$299,900

Smart Buyer Rebate $2,498

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

Listed by Michael Coleman

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Keller Williams Realty Devon-Wayne

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4849426266

Last updated June 16, 2026

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Source: BrightMLS #PAPH2632718

Listing Facts

  • TypeMulti-family
  • NeighborhoodNorth Central
  • Days on Prevu5
  • Taxes$5,581/year
  • Size2,308 sqft
  • Price per sqft$130

Location

Mortgage Calculator

Listing History

06/16/2026
Status changed to In Contract
$299,900
06/11/2026
Listed by Keller Williams Realty Devon-Wayne
$299,900

Property Details for 1718 Norris Street

Exterior

Construction

  • New Construction: No
  • Number Of Units Total: 3
  • Year Built: 1915
  • Architectural Style: Traditional
  • Construction Materials: Masonry

Features

  • Other Structures: Above Grade, Below Grade
  • Waterfront: No

Measurements

  • Lot Size Acres: 0.03
  • Lot Size Source: Estimated
  • Lot Size Square Feet: 1,307
  • Lot Size Units: Square Feet

Financial

Residential Income

  • Cap Rate: 8.3

Taxes

  • Tax Annual Amount: $5,581.00
  • Tax Year: 2026

Interior

Measurements

  • Living Area: 2,308
  • Living Area Source: Estimated

Rooms

  • Basement: Fully Finished
  • Has Basement: Yes

Other

Location

  • Tax Lot: 177

Parking

Parking

  • Garage: No

Utilities

Equipment

  • Cooling: Central A/C
  • Heating: Forced Air
  • Has Heating: Yes
  • Sewer: Public Septic
  • Water Source: Public

Frequently Asked Questions

How many bedrooms does this multi-family home have?

There is bedrooms in this multi-family home at 1718 Norris Street.

What are the annual taxes for 1718 Norris Street?

Annual taxes for this multi-family home are estimated at $5,581.

How does 1718 Norris Street compare to other multi-family homes in North Central?

This multi-family home is listed 77% below the average price for multi-family homes in North Central and has been on the market for 118 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 2,308 sqft.

1718 Norris Street is a -bedroom multi-family home for sale in PHILADELPHIA PA 19121. Available on Prevu for 5 days at $299,900. This property features 2,308 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.

The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright BRIGHT, All Rights Reserved.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.