2318 N Park Avenue, Philadelphia, PA 19132

Building Details

Year Built

2014

Listing agent Keller Williams Liberty Place Show Phone

Listing office o*@agentphl.com Show Phone

Listing date Jun 6, 2026

Source Xome

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Overview

Built in 2014 and maintained by the original owner, this six-unit apartment building contains 10 bedrooms across the units. The property features contemporary finishes, spacious layouts, and large windows designed to bring natural light into the interiors. Off-site access is complemented by two on-site parking spaces, an uncommon amenity in the immediate area.

The building is located two blocks from Temple University’s main campus, placing it within walking distance of classrooms and campus amenities. Its proximity to the university has supported its use as off-campus student housing, with the current tenancy reflecting that demand.

This is a fully leased, operating multifamily investment. The property is currently 100% leased and is reported to generate Net Operating Income (NOI) of $63,904, with an indicated 7.22% cap rate. For investors or operators seeking a modern, low-maintenance apartment asset in a university submarket, this configuration offers a straightforward income profile supported by the building’s current occupancy status.

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

-75.1547329

Latitude

39.9882393

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FAQs

What type of property is this?

Apartment building - 2014-built six-unit property with 100% lease-up and two on-site parking spaces.

Where is this apartment building located?

The property is located at 2318 N Park Avenue Philadelphia, PA.

What is the asking price?

The asking price for this property is $885,000.

What are key features of this property?

This property features: 6‑unit multifamily property built in 2014 with 10 bedrooms total; Currently 100% leased, generating $63,904 Net Operating Income (NOI); Reported 7.22% cap rate