New Construction Student
For Sale
Under Contract
$725,000
1542 FONTAIN Street, Philadelphia, PA 19121
MULTI_FAMILY - Other - PHILADELPHIA, PA
Property Size4,011 SF
Lot Size0.02 Acres
Price / SF$180.75
Days on Market54
Property Features for 1542 FONTAIN Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Rooms
Basement
Parking features
On Street
Interior features
Wood Floors
Appliances
Dryer, Refrigerator, Washer, Built-In Microwave, Dishwasher, Dryer - Electric, Oven/Range - Electric
Subdivision
PHILADELPHIA (NORTH)
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active Under Contract
Size
4,011 SF
Lot size
0.02 Acres
Taxes and HOA fees
Tax Annual Amount
2185
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
2023
Number of units
2
Building materials
Masonry
Architectural style
Other
Listing Agency:
Keller Williams Realty Devon-Wayne
(610) 647-8300
Listed By:
Michael Coleman
(484) 942-6266
Added: Jun 8
Changed: Jul 23
Last Checked: Jul 31 at 9:06PM
MLS# PAPH2631578
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 2024, 1542 Fontain Street is a luxury duplex configured with two separate units: one 3-bedroom/3-bath unit and one 5-bedroom/5-bath unit, for a total of 8 bedrooms and 8 bathrooms. The property totals 4,011 square feet and is described as fully stabilized with modern construction. Each unit includes central HVAC and in-unit laundry, along with oversized common areas and private outdoor space. The lower unit offers a private rear patio, while the upper unit features an exclusive roof deck.
The duplex is located in Philadelphia and is within the Temple University Patrol Zone, described as approximately two blocks from the main campus. The property is fully occupied and is leased through July 2027. Per the listing, showings require 24-hour notice. The owner also indicates the property is being marketed individually and as part of a package that includes additional properties identified by MLS numbers PAPH2632718, PAPH2632744, PAPH2635058, and PAPH2635078.
For investors seeking a turn-key, income-producing student housing asset, the duplex presents an in-place occupancy position through mid-2027 and an indicated $75,600 in annual gross rental income. The listing also notes a tax abatement through 2035, including an estimated remaining tax savings of approximately $80,000. With its dedicated bedroom-to-bathroom layouts and privacy-focused outdoor features, the property is positioned specifically for the student rental market.
The duplex is located in Philadelphia and is within the Temple University Patrol Zone, described as approximately two blocks from the main campus. The property is fully occupied and is leased through July 2027. Per the listing, showings require 24-hour notice. The owner also indicates the property is being marketed individually and as part of a package that includes additional properties identified by MLS numbers PAPH2632718, PAPH2632744, PAPH2635058, and PAPH2635078.
For investors seeking a turn-key, income-producing student housing asset, the duplex presents an in-place occupancy position through mid-2027 and an indicated $75,600 in annual gross rental income. The listing also notes a tax abatement through 2035, including an estimated remaining tax savings of approximately $80,000. With its dedicated bedroom-to-bathroom layouts and privacy-focused outdoor features, the property is positioned specifically for the student rental market.
Key Highlights
- New construction duplex (under construction) with 2 units totaling 8 bedrooms and 8 bathrooms.
- More than 4,000 sq ft with a 3‑bed/3‑bath unit and a 5‑bed/5‑bath unit layout.
- 100% occupied and leased through July 2027, generating $75,600 in annual gross rental income.
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $121.8k | $30.36 |
| − Vacancy | −$7.1k | −$1.76 |
| EGI | $114.7k | $28.60 |
| − OpEx | −$51.6k | −$12.87 |
| NOI | $63.1k | $15.73 |
4,011 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$977.8K
$855.6K – $1.14M
NOI $68,447 @ 7.0% cap · market cap 9.44%
Second Best
Apartment 5plus
$901.3K
$788.6K – $1.05M
NOI $63,091 @ 7.0% cap · market cap 8.70%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
2,067
Businesses Nearby
Explore this area
Business Placement
Demographics for 19121, PA
41,799
Population
19,673
Households
2.1
Avg Household Size
28
Median Age
25%
College-Educated
84%
High-School Grad
2.4 sq mi
ZIP Area
17,416
Density / Sq Mi
$36,208
Median Household Income
$29,915
Median Earnings
$1,082
Median Rent
$250,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Built in 2024 and fully occupied, this student duplex features 8 beds, 8 baths, and in-unit laundry with central HVAC.
Where is this duplex located?
The property is located at 1542 FONTAIN Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: New construction duplex (under construction) with 2 units totaling 8 bedrooms and 8 bathrooms.; More than 4,000 sq ft with a 3‑bed/3‑bath unit and a 5‑bed/5‑bath unit layout.; 100% occupied and leased through July 2027, generating $75,600 in annual gross rental income.
