Welcome to an exceptional investment opportunity in close proximity to Temple University campus! This four-story commercial/multi-family property presents an ideal prospect for investors, particularly those interested in student housing. Situated on an 18 x 80 lot, this property boasts a versatile layout designed to maximize its earning potential. The first floor features a spacious commercial space with flexible usage options, making it suitable for offices, retail stores, non-profit organizations, and more. This prime location ensures high visibility and foot traffic, enhancing the appeal for various business ventures. ****This property can be a package purchase with 1704 Cecil B. Moore, the attached building for $1,499,900 for further investment opportunity.**** Above the commercial space are three units, each comprising five bedrooms and three full bathrooms. With ample living space and modern amenities, these units are perfectly tailored to meet the housing needs of Temple University students. Whether utilized as long-term rentals or short-term accommodations, these units offer lucrative income potential. Furthermore, the property benefits from a remaining tax abatement, providing valuable savings for the discerning investor. This advantageous financial incentive adds to the appeal of this investment opportunity, allowing for increased profitability over time. Don't miss out on the chance to capitalize on this prime investment near Temple University. Whether you're a seasoned investor or new to the market, seize this opportunity to secure a profitable asset in one of Philadelphia's most sought-after locations. Schedule a viewing today and take the first step towards realizing your investment goals!
Property Details
Property Features
Property Information:
Architectural Style: Split Level, Straight Thru
Year Built: 2017
Living Area: 5,400 SqFt
Listing Office:
Office Name: RE/MAX Keystone
Office Phone: (215) 885-8900
Listing Agent: Kurt C Werner
Exterior Features
Parking Information:
Parking: On Street
Lot Features
Lot Information:
Lot Size: 0.03 Acres
Utilities
Utilities Information:
Heating: Central, Heat Pump
Cooling: Central Air
School Info
Assigned Schools Information:
Benjamin Franklin High School, Public District Grades 9-12
General George G. Meade School, Public District Grades KG-8
Other
Directions Information:
Directions: Between 16th and 17th Streets
Municipality:
Philadelphia
Price Information
Listing Price Info
Price Summary:
List Price: $849,900
Price Per SqFt: $157/SqFt
Tax Information:
Annual Amount: $1,512
Tax Year: 2020
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Philadelphia, PA.
This property is $592.2K more than the Median Sold Price and $38/SqFt less than other homes in Philadelphia, PA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: BRIGHT
MLS Number: #PAPH2343696
Listing Office:
Office Name: RE/MAX Keystone
Office Phone: (215) 885-8900
Listing Agent: Kurt C Werner
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.
The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
3
/10
General George G. Meade School
1600 N 18th St
Distance between this listing and this school0.13 miles
Public District Grades KG-8
High School
2
/10
Benjamin Franklin High School
550 N Broad St
Distance between this listing and this school1.09 miles
Public District Grades 9-12
Assigned Schools
3
/10
General George G. Meade School
1600 N 18th St
Distance between this listing and this school0.13 miles
Public District Grades KG-8
Nearby Schools
3
/10
Dunbar Academics Plus School
1750 N 12th St
Distance between this listing and this school0.46 miles
Public District Grades KG-8
3
/10
Tanner G. Duckrey School
1501 W Diamond St
Distance between this listing and this school0.47 miles
Public District Grades KG-8
Nearby Schools
3
/10
Alliance For Progress Charter School
182139 Cecil B Moore Ave
Distance between this listing and this school0.14 miles
Public Charter Grades KG-8
3
/10
People For People Charter School
800 N Broad St
Distance between this listing and this school0.79 miles
Public Charter Grades KG-8
4
/10
Young Scholars Charter School
900 N Marshall St
Distance between this listing and this school1.12 miles
Public Charter Grades 5-8
Assigned Schools
2
/10
Benjamin Franklin High School
550 N Broad St
Distance between this listing and this school1.09 miles
Public District Grades 9-12
Nearby Schools
8
/10
Carver High School
1600 W Norris St
Distance between this listing and this school0.28 miles
Public District Grades 9-12
2
/10
Philadelphia Military Academy At Elverson
21182160 North 13th St
Distance between this listing and this school0.63 miles
The neighbors living near this home have an average income of $11,406. Typical income of Philadelphia, PA residents is less than $35k annually. The most common type of family is single, no kids. Typical level of education for residents in this area is high school diploma.
This home is located at 1702 Cecil B Moore Ave in Philadelphia, PA and zip code 19121 in the Lower North Philadelphia neighborhood. This 5,400 square foot home, which was built in 2017, sits on a 0.03 acre lot. It has been listed on Rocket Homes since April 16, 2024 and is currently priced at $849,900.
In March 2024 more than 228 listings in Philadelphia, PA were sold above the asking price. During the same period more than 214 listings were sold at asking price, while more than 481 were sold below. The inventory of homes for sale in Philadelphia, PA between February 2024 and March 2024 increased by 4.6%. The median list price of listings available in March 2024 was $257,610, while the average time on the real estate market was 54 days.
From Rocket Homes Real Estate and based on county public records data.