1826 W NORRIS Street
Property Description
Prime high-cash-flow duplex investment opportunity near Temple University in one of Philadelphia's strongest student rental corridors. Located at 1826 W Norris St, this newer-construction (2014) duplex features two oversized bi-level apartments, each offering 4 bedrooms and 2 full bathrooms with approximately 1,500 sq ft per unit-a highly sought-after layout for Temple student and group rentals. Each unit features hardwood floors, central air and heat, in-unit washer and dryer, and abundant natural sunlight throughout. The property has been professionally maintained by a full-service property management company, offering investors confidence in the condition, operations, and tenant management history. Separate utilities further enhance efficiency and help maximize net income. The property currently generates nearly $40,000 in annual income with immediate in-place cash flow from day one. A major value-add opportunity arrives in July when Unit B becomes vacant, creating the perfect opportunity for an investor to quickly reposition the unit and capture higher market rents, significantly increasing revenue and improving overall returns. With continued strength in Temple-area rental demand, this vacancy provides a near-term catalyst for income growth without waiting for long lease rollover timelines. For owner-occupants, the upcoming vacancy also presents a rare opportunity to live in one unit while benefiting from strong rental income from the second apartment. For investors, this is an ideal chance to increase NOI and force appreciation through rent growth in the near term. The location is exceptionally attractive to tenants-just minutes from Temple University Main Campus and surrounded by popular nightlife, restaurants, and neighborhood staples including Maxi's Pizza Subs & Bar, The Draught Horse, and Pub Webb. Tenants also benefit from easy access to shopping, dining, and convenient transportation via the SEPTA Broad Street Line and multiple bus routes. The property is being offered individually or as part of a portfolio package with nearby properties at 1716 W Norris St and 1921 N Gratz St, presenting a rare opportunity to acquire three income-producing assets within approximately two blocks of one another in a proven high-demand rental market. Strong in-place cash flow, professional management history, near-term rent upside, and modern construction make this a standout Temple-area investment with immediate upside potential.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $399,000 |
| No. of Units: | 2 |
| Year Built: | 2014 |
| Lot Size: | 1,839.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $199,500 |
| Property Website | Click Here |
| Number of Bedrooms: | 0 |
| Number of Bathrooms: | 0 |
ID: 3yd-TRENDPA-PAPH2597220
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Final Deal Analysis
Similar Properties in the Area
15 Jefferson Street
Johnstown, Pennsylvania
405-407 S Cherry Street
Ebensburg, Pennsylvania
Brokers
View All-
Remax Professionals
Re/Max Real Estate Professionals | New York
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout