BEDS0
BATHS
SQUARE FEET2,466
MLS#PAPH2564854
STATUSACTIVE
PROPERTY TYPEMulti Unit - Multiple
SCHOOLPHILADELPHIA CITY
Property Description
REO Sale — Now Offered at a Significant Price Adjustment. This mixed-use triplex just steps from Temple University’s Main Campus presents a strong value-add opportunity with excellent cash-flow potential. With projected gross rents of approximately $52,800/year and a pro-forma 9.5% cap rate, this property is ideal for investors seeking scale, upside, and multiple income streams. The building features a bi-level commercial space on the first floor—an open, flexible shell ready for a barber shop, salon, or service-oriented tenant. Above are two full-floor 2BD/2BA residential units with spacious layouts and strong rental appeal in a high-demand corridor. The property is currently vacant, offering investors the ability to complete needed improvements, reposition the commercial space, or finish renovations without tenant disruption. With its location, size, and projected income, this property represents a compelling opportunity for both long-term investors and value-add operators. With projected market rents of $4,400/month (≈ $52,800/year), this asset delivers a strong income profile. After expenses, the building produces a projected NOI of $42,553, making this an attractive opportunity for buy-and-hold investors seeking solid returns in a rapidly developing corridor. The property features a bi-level white box commercial space on the first floor that has a layout perfectly suited for a barber shop, salon, or personal-service business. The space is ready for an investor or entrepreneur to complete and capture commercial income immediately. Upstairs are two full-floor residential units, each configured as 2 bedrooms / 2 bathrooms, spanning the entire 2nd and 3rd floors. These units offer spacious layouts, strong rental appeal, and excellent upside—especially in a market where well-located 2BR units near Temple can command premium rents. The building is currently vacant, allowing for a full renovation strategy, immediate repositioning, or lease-up without tenant interruptions. Whether you’re an investor seeking cash flow, value-add potential, or long-term appreciation, this property presents a rare opportunity at a compelling price point.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Partially Finished
Cooling: Central A/C
Fuel Type: Natural Gas
Heating: Central
Home Style: Straight Thru
Lot Size: 0.03 Acres
Taxes: $2,753
Year Built: 1915
Feature Descriptions
Accessibility: 2+ Access Exits
Additional Structures: Above Grade
Days on Site: 113
Exterior: Masonry
Lot Dimensions: 0.03 Acre(S)
Municipality: PHILADELPHIA
One Bedroom Units: 1
Sewer: Public Sewer
Structure Type: Twin/Semi-Detached
Two Bedroom Units: 2
Units: 3
Water: Public
Local Schools
School District: PHILADELPHIA CITY
Listed By / Shown By
Listed By
Agency Name: EXP Realty, LLC
Agency Phone: 8883977352
Shown By
Agency Title: RealtyMark
Agency Phone: 888-240-0600
Estimate Your Payment
Estimated Payment
$ 1,233.79 per month $888.00 Principal & Interest $229.42 Property Tax $116.38 Homeowner's InsuranceChange Payment Information
1808 W Susquehanna Avenue | MLS# PAPH2564854
This multi-family property located at 1808 W Susquehanna Avenue, Philadelphia, PA 19121 is currently listed for sale with an asking price of $399,000. W Susquehanna Avenue is located within the PHILADELPHIA CITY school district. Search Philadelphia real estate on www.realtymarkllc.com today.