1517 N 15th St,PHILADELPHIA, PA 19121
PHILADELPHIA, PA 19121
Description
Rare opportunity to acquire a distinctive 9-unit multifamily property just blocks from Temple University's Main Campus. 1517 N 15th Street combines historic architectural character with a compelling value-add investment profile in one of Philadelphia's established university rental corridors. The property features an impressive Second Empire-inspired design with a substantial cut-stone façade, ornate architectural detailing, and signature mansard roofline. The building contains a diverse unit mix of one studio, four 1-bedroom units, three 2-bedroom units, and one 3-bedroom/3-bath unit. Seven of the nine units are currently occupied, with two vacant units providing an immediate lease-up opportunity. The stabilized rent schedule projects approximately $11,750 per month / $141,000 annually in gross rental income. The property is being offered strictly AS-IS, WHERE-IS, with all existing conditions, providing investors the opportunity to acquire the asset in its current condition and implement their own renovation, management, and value-add strategy. Seller will make no repairs or improvements prior to closing. Conveniently located near Temple University, neighborhood retail, dining, SEPTA, and Center City, 1517 N 15th Street offers substantial scale, architectural character, and a defined path toward stabilization.
Details
| MLS # | PAPH2671426 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active-bright |
| Year | 1915 |
| Days On Site | 28 |
| Listing Provided By | Keller Williams Liberty Place | Or Aharon |
Features
| SQ Feet | 6,872 |
|---|---|
| Basement | Y |
| Units | 3 |
| Zoning | RM1 |
| Acreage | 0.08 |
| Property View | City |
Interior
| Cooling | Wall Unit |
|---|---|
| Heating Yes / No | Yes |
| Heating | Baseboard - Electric |
Exterior
| Construction Materials | Masonry, Stone |
|---|---|
| Foundation Details | Other |
Parking
| Garage Yes / No | No |
|---|
Utilities
| Utilities | None |
|---|
Taxes
| Tax Annual Amount | 6719.04 |
|---|
Area Information
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19121 |
| Area | 19121 (19121) |
| Community Name | TEMPLE UNIVERSITY |
| School District | PHILADELPHIA CITY |
| Listing VS Median (in TEMPLE UNIVERSITY) | |
Price: $1,200,000 low | high Med: $199,900 sqft: 6,872 low | high Med: 1,458 $ / sqft: $175 low | high Med: $141 On site: 28 low | high Med: 30 | |
Market Activity 19121
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Learn More About This Property
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19121 |
| Area | 19121 (19121) |
| Community Name | TEMPLE UNIVERSITY |
| School District | PHILADELPHIA CITY |
| Listing VS Median (in TEMPLE UNIVERSITY) | |
Price: $1,200,000 low | high Med: $199,900 sqft: 6,872 low | high Med: 1,458 $ / sqft: $175 low | high Med: $141 On site: 28 low | high Med: 30 | |
