1540 N 15TH Street, Philadelphia, PA 19121

This six-unit multifamily property is being sold as-is. The current owner has cared for the building for nearly 40 years, and the units feature contemporary, well-maintained finishes that could be refreshed. Unit mix includes a ground-floor studio and 2BR/1BA owner’s unit, two 1BR/1BA units on the second floor, and on the third floor one 1BR/1BA and one 2BR/1BA unit. The owner’s unit is non-paying, and there are three R units vacant. Utilities are separated and the systems are described as up to date. Projected rents are reported to range up to $78,600 per year when laundry and garage rental are included, and the seller will not make repairs or provide inspection concessions.

The property is located in the Temple U area of Philadelphia, off-campus housing market. The building extends from 15th Street to Sydenham Street and includes a detached garage and/or vacant lot space that could allow for additional multifamily development, construction, or subdivision.

For buyers or operators, the combination of multiple unit types, separated utilities, and on-site garage and development flexibility may support a range of leasing strategies. Note that the owner must have time to lease back following settlement, which should be considered in planning for occupancy and operations.