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sales rep | Brivity IDX

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2318 N Park Ave , Philadelphia, PA 19132
$815,000
Est. Payment: $4,402.77/mo
5149 Sqft
0.05 Acres
Status: active under contract | Days on site: 112
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House Description

Agent PHL is delighted to present 2318 N Park Ave, an exceptional multifamily investment opportunity in the heart of the thriving Temple University submarket. Constructed in 2014 and meticulously maintained by the original owner, this 6-unit, 10-bedroom property exemplifies modern convenience and low-maintenance appeal. Each unit is designed to maximize tenant satisfaction, featuring contemporary finishes, spacious layouts, and large windows that flood the interiors with natural light, creating a warm and inviting atmosphere. Adding to its allure is the convenience of two on-site parking spaces, a rare and highly coveted amenity in this dense urban neighborhood. The property is strategically located just two blocks from Temple University’s main campus, placing it within walking distance of classrooms, amenities, and the university’s vibrant social scene. This prime location has made the property a preferred choice for off-campus student housing, ensuring consistent demand and high occupancy rates. The building is currently 100% leased, generating a robust Net Operating Income (NOI) of $63,904 and offering investors an attractive 7.84% Cap Rate. Surrounded by similar off-campus housing developments, the property benefits from a stable rental market and steady appreciation potential. Its modern construction and strong operating performance make 2318 N Park Ave an outstanding addition to any multifamily portfolio.

Highlights

Listed by Or Aharon , 2672706634 Keller Williams Liberty Place , 6093995454. Bright MLS

Property Type

Commercial Sale

Lot/Acreage
0.05

Year Built

2014

County

Philadelphia

Area

19132 (19132)

Neighborhood

Temple University

School District

Philadelphia City

Listing ID

PAPH2632238

Questions about this listing?

Contact Agent

Interior Features

Air Cond:Central A/C
Fireplaces:
Water:Public

Exterior Features

Lot:Not New Construction,Horse Property: No
Lot Dimensions:20.00 x 107.00
Garage Capacity:2
Zoning:RM-1
Sewer:Public Sewer
Parking Features:Driveway,2+ Spaces,1+ Spaces
Principal Interest
$4,403
Taxes
$598

Home Price

$815,000

Loan Details

30 yrs
7.148%

Down Payment

20%
$163,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$4,402.77

Principal

Taxes

Principal Taxes HOA Total
Monthly $4,402.77 $597.92 $0.00 $5,000.69
Yearly $52,833.25 $7,175.00 $0.00 $60,008.25
Total $1,584,997.58 $215,250.00 $0.00 $1,800,247.58
Lender profile image
Chico Gordy
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Market insight data is pulled from the same city as the listing being viewed (Philadelphia, PA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Bright MLS, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-11-14T01:13:51.000Z

© 2026 Bright MLS