1718 W Norris Street Philadelphia, PA $ 299,900
1718 W Norris Street
$ 299,900
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1718 W Norris Street

Philadelphia, PA, 19121
$ 299,900
Bedrooms-- Baths-- Sq 2,408

Monthly Estimate*

$ 1,847

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Commercial Property for sale in Philadelphia, PA

for $299,900. This 2,408 square foot building was built in 1915 on a lot size of 0.03.

Investor Alert! 24-hour notice required for all showings. Fully occupied and fully leased through July 2026, this exceptional triplex offers immediate cash flow. Currently generating $2,950 per month ($35,400 gross annual income), this income-producing property is an outstanding opportunity for investors seeking stable returns and long-term growth. The building consists of three residential units currently rented at: Unit 1: $1,050/month - First floor and basement 3 bed 3 bath Unit 2: $950/month - Second floor 2 bed 1 bath Unit 3: $950/month - 3rd floor 2 bed 1 bath Building just experienced a 7% increase in rental income from the 25/26 to the 26/27 leasing cycle. Located just minutes from Temple University, public transportation, restaurants, and neighborhood amenities, this property sits in a high-demand rental market with a proven history of strong occupancy. For investors seeking dependable income, this asset checks all the boxes. Offering an 8%+ cap rate, this is the type of opportunity savvy investors search for but rarely find. With stable income already in place, strong rental demand, and attractive returns from day one, this property delivers the combination of cash flow and value that is becoming increasingly difficult to find in today's market. This property is being marketed individually and as a package that includes the properties with the following MLS numbers: PAPH2631578 and PAPH2631596

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Commercial Active

Price

$ 299,900

Property Type

Commercial

Taxes

$ 5,581

Style

Apartment Building

Lot Size

0.03

Year Built

1915

Town/City

Philadelphia

County/Region

Philadelphia

MLS | Web ID

PAPH2632744

Features
Interior
Heating Fuel Electric
Hot Water 60+ Gallon Tank
Heating Y/N Y
Central Air Y/N Y
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General
Sewer Public Septic
Heating Forced Air
Cooling Central A/C
Possession Negotiable
Zoning RM1
Construction Materials Masonry
Year Built 1915
Electric 200+ Amp Service
Property Subtype Five Or More Units
Tax Year 2026
Ownership Fee Simple
Cool Fuel Electric
Municipality PHILADELPHIA
Gross Income 35400.00
Business Type Apartment Building
Accessibility None
County PHILADELPHIA
Net Operating Income 24780.00
New Construction N
Property Type Commercial Sale
Water Access Y/N N
Status ACTIVE
Directions GPS
City PHILADELPHIA
Number Of Units Total 3
MLS Area 19121 (19121)
Lot Size Units Square Feet
Lot Size Square Feet 1307.00
Tax Annual Amount 5581.0
Price Per Sq Ft Total AG 124.54
Vacation Rental Y/N N
Standard Status Active
Year Built Source Estimated
Tax Lot 177
Total Actual Rent 35400.00
Cap Rate 8.26
Association Recreation Fee N
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Exterior
Water Source Public
Type of Parking On Street
Water View Y/N N
Building Area Total 2408.00
Lot Size Acres 0.03
Lot Size Source Estimated
Waterfront Y/N N
Land Assessed Value 79740.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 1718
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* Excluded Features
List By
Keller Williams Realty Devon-Wayne

Broker

mikecolemanrealestate@gmail.com

Email

Affordability Calculator

$2,312
Per Month
80%
20%
0%
Monthly Principal & Interest
$1,847
Monthly Property Taxes
$465
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
2136830 Elementary School
2137124 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
6/11/2026$299,900 Listed Price

Map


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1718 W Norris Street, Philadelphia, PA, 19121 is a Commercial Property for sale at $299,900 with 2,408 sqft and a lot size of 0.03. 1718 W Norris Street was built in 1915. The property's zip code is 19121 which is in Philadelphia, PA