Property summary
This fee-simple, 1915-built, three-story quadplex in Philadelphia, PA (1611 N 17th St, zip code 19121) offers a compelling investment opportunity. The property, totaling 3,500-4,000 square feet on a 2,000 square foot lot, features four units with a total of fifteen bedrooms. Renovated in 2021, it boasts 100% occupancy and a strong net operating income (NOI) of $86,624, resulting in a 7.87% cap rate. Each unit is currently leased, generating significant rental income. The asking price is $1,100,000, or $275,000 per unit. The property is zoned RM1 and is situated near Temple University, providing access to a large student population and convenient amenities. This stabilized investment is ideal for those seeking a strong return in a desirable location. The property is for sale by owner.
Property profile
VerifiedCap rate & NOI
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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