Property
Beds
5
Full Baths
None
1/2 Baths
None
Year Built
1915
Sq.Footage
2,466
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.
Features & Amenities
Interior
-
Total Bedrooms
5
-
Bathrooms
N/A
-
Above Grade Finished Area
2466.0
-
Basement YN
YES
-
Cooling YN
YES
-
Cooling
Central Air, Electric
-
Heating YN
YES
-
Heating
Natural Gas, Central
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Parking
On Street
-
Pool
Yes
-
Pool Features
None
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.03
-
Property Type
Residential Income
-
Property Sub Type
Triplex
-
Architectural Style
Straight Thru
Price
-
Sales Price
$450,000
-
Tax Amount
$2,753
-
Sq. Footage
2, 466
-
Price/SqFt
$182
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Foundation Details
Block
-
Sewer
Public Sewer
-
Tax Lot
189
-
Water Source
Public
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Location
County
PHILADELPHIA
Elementary School
Middle School
High School
Listing Courtesy of Guillermo Salas III , EXP Realty, LLC
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Theresa Kehler
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