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Turn-Key Temple University Duplex

1724 West Norris Street, Philadelphia, PA 19121

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For Sale

$449,900

Rented 8-bedroom duplex near Temple University with income potential.

Type:Multi-Family / Fee Simple

Property size:

2,178 SF

Price / SF:

$206/SF

HighLights

Turn‑key 8‑bedroom duplex, perfect for Temple University off‑campus housing.
Potential to generate $60,000+ per year in rental income.
Located a straight line walk to Temple University's campus and just 3 blocks off Broad St.
Each bi‑level 4‑bedroom unit features central air and private laundry.
Granite countertops and stainless steel appliances equip the kitchens in both units.
New waterproof flooring in the 2nd unit bedrooms and a new water heater.

We can help!

Listing Contact

Philip Varghese

Learn more

For Sale

$449,900

Rented 8-bedroom duplex near Temple University with income potential.

Type:Multi-Family / Fee Simple

Property size:

2,178 SF

Price / SF:

$206/SF

Added:: May 16, 2026
Days on Market:: 29
Last Refresh:: May 27 at 11:31 am

Property Features for 1724 West Norris Street

General Information

Standard status: Active
Size: 2,178 SF
Property subtype: Multi-Family / Fee Simple

Building Details

Year Built: 2011

We can help!

Listing Contact

Philip Varghese

Listing agent Philip Varghese License #RS329021

Listing office Equity Pennsylvania Real Estate

Listing date May 16, 2026

Source Compass

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 Equity Pennsylvania Real Estate

HighLights

Turn‑key 8‑bedroom duplex, perfect for Temple University off‑campus housing.
Potential to generate $60,000+ per year in rental income.
Located a straight line walk to Temple University's campus and just 3 blocks off Broad St.
Each bi‑level 4‑bedroom unit features central air and private laundry.
Granite countertops and stainless steel appliances equip the kitchens in both units.
New waterproof flooring in the 2nd unit bedrooms and a new water heater.

Overview

This is an 8-bedroom duplex located in the heart of Temple University's off-campus housing area. The property features two bi-level 4-bedroom units, each equipped with central air and private laundry facilities. The kitchens are well-equipped with granite countertops, stainless steel appliances including a dishwasher, microwave, refrigerator, and garbage disposal, as well as cherry cabinets. Each unit also has its own washer and dryer. The main living areas feature hardwood flooring and recessed lighting. Brand new waterproof flooring has been installed in the second unit's bedrooms, and a new water heater has been installed. The lower unit's AC was installed in 2019, and the upper unit's AC was installed in 2020. The property also includes a concrete patio. The building is located just three blocks off Broad Street and is within walking distance to the center of the Temple University campus. The property is located in Philadelphia, MLS Area 19121. The school district is The School District of Philadelphia.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$56.2k	$25.80
− Vacancy	−$3.1k	−$1.42
EGI	$53.1k	$24.38
− OpEx	−$15.9k	−$7.31
NOI	$37.2k	$17.06

2,178 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$531.0K

$464.6K – $619.5K (±1% cap)

NOI $37,167 @ 7.0% cap · market cap 8.26%

Second Best

Apartment 5plus

$489.4K

$428.2K – $571.0K (±1% cap)

NOI $34,259 @ 7.0% cap · market cap 7.61%

Theoretical Best

—

same as Best Use

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

Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Location Insight

Map
Local Demand

City: Philadelphia
County: Delaware
State: Pennsylvania
Longitude: -75.1629442
Latitude: 39.9838177

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For sale
Duplexes
PA
Philadelphia
19121
1724 West Norris Street

What type of property is this?

Duplex - Rented 8-bedroom duplex near Temple University with income potential.

Where is this duplex located?

The property is located at 1724 West Norris Street Philadelphia, PA.

What is the asking price?

The asking price for this property is $449,900.

What are key features of this property?

This property features: Turn‑key 8‑bedroom duplex, perfect for Temple University off‑campus housing.; Potential to generate $60,000+ per year in rental income.; Located a straight line walk to Temple University's campus and just 3 blocks off Broad St.