Six-Unit Apartment
For Sale
$815,000
2318 N Park Avenue, Philadelphia, PA 19132
2014-built six-unit property with 100% lease-up and two on-site parking spaces.
Property Size5,149 SF
Price / SF$158.28
Days on Market63
Property Features for 2318 N Park Avenue
General Information
Standard status
Active
Size
5,149 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Cap Rate
7.22%
Multifamily Units
6
Building Details
Year Built
2014
Tenancy
Multi
Listing Agency:
(267) 270-6634
Listed By:
Keller Williams Liberty Place
(267) 270-6634
Source:
Xome
Added: May 30
Changed: Jul 10
Last Checked: Jul 16 at 5:44AM
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 Keller Williams Liberty Place
Investment Insights
Based on property information with market context.
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.
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.
Key Highlights
- 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
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,912
Businesses Nearby
Explore this area
Business Placement
Demographics for 19132, PA
33,926
Population
17,402
Households
1.9
Avg Household Size
37
Median Age
13%
College-Educated
83%
High-School Grad
2.2 sq mi
ZIP Area
15,421
Density / Sq Mi
$30,974
Median Household Income
$30,300
Median Earnings
$1,055
Median Rent
$73,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
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 $815,000.
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
