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    Occupied Triplex Income Property Title is generated by Realmo AI

    1718 NORRIS Street, Philadelphia, PA 19121

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    For Sale
    $299,900

    MULTI_FAMILY - Other - PHILADELPHIA, PA

    Property size:
    2,308 SF
    Lot size:
    0.03 Acres
    Price / SF:
    $129/SF
    Added:
    Jun 11, 2026
    Days on Market:
    5
    Last Refresh:
    Jun 15 at 6:06 pm

    Property Features for 1718 NORRIS Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Rooms
    Basement
    Parking features
    On Street
    Standard status
    Active
    Size
    2,308 SF
    Lot size
    0.03 Acres

    Taxes and HOA fees

    Tax Annual Amount
    5581

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1915
    Number of units
    3
    Building materials
    Masonry
    Architectural style
    Other

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    Listing Contact
    Michael Coleman

    Listing agent Michael Coleman

    Listing office Keller Williams Realty Devon-Wayne 744 W Lancaster Avenue unit: 125, Wayne, PA

    Listing date Jun 11, 2026

    MLS# PAPH2632718 Listing URL

    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.

    HighLights

    • Triplex built in 1915 with masonry construction, forced‑air heating, and central air
    • Three fully leased residential units: $1,050/mo (3 bed/3 bath, first floor + basement), $950/mo (2 bed/1 bath, second floor), $950/mo (2 bed/1 bath, third floor)
    • Current income totals $2,950 per month ($35,400 gross annual income)
    • Fully occupied and fully leased through July 2026
    • Rental income increased 7% from the 25/26 to 26/27 leasing cycle
    • On‑street parking

    Overview

    Situated at 1718 Norris Street in Philadelphia, this fully occupied triplex includes three residential units with current lease coverage through July 2026. Investor showings require 24-hour notice. The property is currently rented at $2,950 per month, which equates to $35,400 in gross annual income based on the existing leases.

    Unit 1 rents for $1,050 per month and features a first-floor and basement configuration with 3 bedrooms and 3 bathrooms. Unit 2 rents for $950 per month as a second-floor unit with 2 bedrooms and 1 bathroom. Unit 3 rents for $950 per month as a third-floor unit with 2 bedrooms and 1 bathroom.

    According to the provided remarks, the rental income has increased by 7% from the 25/26 to the 26/27 leasing cycle. The property is described as being just minutes from Temple University, public transportation, restaurants, and neighborhood amenities, supporting its role as an income-producing rental asset. The listing notes the property is marketed individually and also as part of a package that includes properties with MLS numbers PAPH2631578 and PAPH2631596, with the remarks referencing an 8%+ cap rate.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Delaware
    State
    Pennsylvania
    Longitude
    -75.16278
    Latitude
    39.98379

    FAQs

    What type of property is this?
    Triplex - Three-unit triplex with leases in place through July 2026 and current monthly rents totaling $2,950.
    Where is this triplex located?
    The property is located at 1718 NORRIS Street Philadelphia, PA.
    What is the asking price?
    The asking price for this property is $299,900.
    What are key features of this property?
    This property features: Triplex built in 1915 with masonry construction, forced‑air heating, and central air; Three fully leased residential units: $1,050/mo (3 bed/3 bath, first floor + basement), $950/mo (2 bed/1 bath, second floor), $950/mo (2 bed/1 bath, third floor); Current income totals $2,950 per month ($35,400 gross annual income)
    More about this property
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