2318 N Park Avenue, Philadelphia, PA 19132-4567 $885,000
![](http://bright-media02.prd.brightmls.com/bright/images/0000/8036/1593/4236/803615934236_1024_768_WM_ItPGv4FJghCd8JP5.jpg)
Interior Sq. Ft: 5,149
Acreage: 0.05
Age:11 years
Taxes: $7,175
Subdivision: Temple University
Design/Type:
Other
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 $59,304 and offering investors an attractive 6.701% 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.
Home Assoc: No
Condo Assoc: No
Basement:
Pool: No Pool
Features
Utilities
Central Heating, Electric, Central A/C, Electric, Hot Water - Electric, Public Water, Public Sewer
Garage/Parking
Driveway
Exterior
Masonry
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Public Elementary (157 schools)
Public Middle (31 schools)
Public High (76 schools)
Private (122 schools)
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This report is a detailed community overview for Philadelphia (19132), Pennsylvania.
Community Quick Facts
- Average travel time to work for people in this community: 37
- Average salary of people in this community: $32,759
Community Summary
- Population Density (ppl / mile): 14,497
- Household Size (ppl): 2.20
- Households w/ Children: 50%
Housing Inventory
- Owned: 6,857 (37.9%)
- Rented: 7,230 (39.9%)
- Vacant: 4,025 (22.2%)
- Total: 18,112
Population Demographics
The population of the community broken down by age group. The numbers at the top of each bar indicate the number of people in the age bracket below.
Climate and Weather
The Temperature chart displays average high and low values for January and July, and is designed to provide an indication of both seasonal and daily temperature variability. The Weather Risk Index indicates the calculated risk of each type of weather event occurring in the future. This risk is based on historical localized storm events and weather patterns. The national average for each type of weather event equals a score of 100, so a score of 200 would represent twice the risk as the national average, and a score of 50 would represent half the risk of the national average.
Temperature
Education
Highest Level of Education Attained
- Less than 9th Grade: 3.6%
- Some High School: 17.0%
- High School Graduate: 45.6%
- Some College: 18.5%
- Associate Degree: 5.5%
- Bachelor's Degree: 7.1%
- Graduate Degree: 2.7%
Income by dollar range
Median Income: $21,600
Fair Market Rents
The Fair Market Rents show average gross rent estimates based on figures provided by the U.S. Department of Housing and Urban Development (HUD).
- Studio: $524
- One Bedroom: $761
- Two Bedroom: $925
- Three Bedroom: $872
- Four Bedroom: $1,138
© 2025 LiveBy. All Rights Reserved.
Contact Information
Schedule an Appointment to See this Home
Request more information
or call me now at 302-234-5247
Listing Courtesy of: Keller Williams Realty - Ocean City , (609) 399-5454, klrw903@kw.com
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 Patterson-Schwartz Real Estate 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.
Information Deemed Reliable But Not Guaranteed.
Copyright BRIGHT, All Rights Reserved
Listing data as of 2/08/2025.
Broker Compensation
An offer of broker compensation or seller concession is not a guarantee. All compensation offers and concessions are negotiable and subject to written agreement between the parties. Please consult with your real estate agent for more information.