Fully Leased Four-Unit Student
1704 North 18th Street Philadelphia, PA 19121
1704 North 18th Street, Philadelphia, PA, 19121
$875,000
For Sale
$875,000
Four fully occupied units are leased through the 2026/2027 school year with shared off-street parking and in-unit amenities.
Property Size4,600 SF
Price / SF$190.22
Days on Market38
Property Features for 1704 North 18th Street
General Information
- Standard status
- Active
- Size
- 4,600 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 2016
Listing agency
KW Empower
(610) 470-7559
Listed by
Rayma Abdallah
(610) 470-7559
Source
Compass
Added: Jun 15 Updated: Jul 21 at 5:08AM Checked: Jul 22 at 10:08AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KW Empower
Investment Insights
Based on property information with market context.
A fully occupied four-unit investment property offering immediate income with tenants leased through the 2026/2027 school year. The unit mix includes one five-bedroom, four-bath unit and three-bedroom, two-bath layouts in the remaining units. Interiors feature open-concept living areas with hardwood flooring, recessed lighting, and updated finishes, including well-appointed kitchens with shaker cabinetry and quartz-style countertops, plus matching black appliance packages. Bedroom comfort is supported by plush carpeting, and bathrooms include walk-in glass showers with oversized charcoal tile, pebble-style shower flooring, and modern vanities. A fully finished basement adds additional usable space, along with dedicated laundry with Samsung washer and dryer, and included refrigerators, washers, and dryers. The property also offers three shared off-street parking spaces and a private rear concrete patio enclosed by mature landscaping.
Located about a 10-minute walk from Temple University’s main campus, the property provides convenient access to Broad Street, I-676, I-76, and Roosevelt Boulevard. Nearby SEPTA Broad Street Line stations, regional rail service, and multiple bus routes support easy travel throughout Philadelphia, while everyday conveniences and services are close by.
The residences are configured for student-oriented living with multiple bedrooms per unit, shared exterior parking, and a private outdoor patio area for tenant enjoyment.
Located about a 10-minute walk from Temple University’s main campus, the property provides convenient access to Broad Street, I-676, I-76, and Roosevelt Boulevard. Nearby SEPTA Broad Street Line stations, regional rail service, and multiple bus routes support easy travel throughout Philadelphia, while everyday conveniences and services are close by.
The residences are configured for student-oriented living with multiple bedrooms per unit, shared exterior parking, and a private outdoor patio area for tenant enjoyment.
Key Highlights
- Fully occupied 4‑unit investment property leased through the 2026/2027 school year.
- Rental income listed at $7,300 per month ($87,600 annually) with tenants paying all utilities; 6.1% cap rate.
- Unit mix: Unit 1 has 5 bed/4 bath; Units 2–4 each have 3 bed/2 bath.
Local Financial Insights For Multifamily LT 5
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 | $118.7k | $25.80 |
| − Vacancy | −$6.5k | −$1.42 |
| EGI | $112.1k | $24.38 |
| − OpEx | −$33.6k | −$7.31 |
| NOI | $78.5k | $17.06 |
4,600 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.12M
$981.2K – $1.31M
NOI $78,499 @ 7.0% cap · market cap 8.97%
Second Best
Apartment 5plus
$1.03M
$904.5K – $1.21M
NOI $72,356 @ 7.0% cap · market cap 8.27%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four fully occupied units are leased through the 2026/2027 school year with shared off-street parking and in-unit amenities.
Where is this quadplex located?
The property is located at 1704 North 18th Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Fully occupied 4‑unit investment property leased through the 2026/2027 school year.; Rental income listed at $7,300 per month ($87,600 annually) with tenants paying all utilities; 6.1% cap rate.; Unit mix: Unit 1 has 5 bed/4 bath; Units 2–4 each have 3 bed/2 bath.
