1520 N 17th St - Apartments FOR SALE


Philadelphia, PA 19121- North Philadelphia West
$750,000 USD
215-454-2879
1520 N 17th St, Philadelphia, PA for Sale
$750,000 USD
Apartments - FOR SALE
1/1
null | 7.4% Cap Rate

1520 N 17th St
Philadelphia, PA 19121
North Philadelphia West


HIGHLIGHTS

  • Premier Student Housing Location: Located 2 blocks from Temple University’s Main Campus, one of Philadelphia’s largest academic institutions
  • Strong Financial Metrics: Attractive 7.4% Cap Rate
  • Spacious and Amenity-Rich: 10-Bedroom, 4 full bath, 2 half bath Property spanning 2,958 SF
  • Student-Driven Demand: Temple’s 30,284 students, with 81% living off campus, create a resilient rental base and high occupancy demand
  • Transportation & Connectivity: Well-connected via SEPTA transit and major roadways, offering easy access to Center City, amenities, and employment
  • Growing Submarket: North Philadelphia is evolving with a mix of student housing, new developments, arts, dining, and entrepreneurial energy

OVERVIEW

1520 North 17th Street presents a rare opportunity to acquire a high-performing, historically significant student housing asset in the heart of Temple University’s thriving off-campus rental market. Just steps from Temple’s Main Campus, this fully occupied 10-bedroom, 4-bathroom (plus 2 half-bath) property spans nearly 3,000 square feet and is ideally configured for student group living. Designed by the legendary architect Willis G. Hale in 1888 and listed on the Philadelphia Historic Registry, this three-story home offers architectural character rarely found in the student housing sector, combined with large interior living spaces, modern amenities, and entertainment-ready common areas, including a backyard and basement bar. With in-unit laundry, large communal areas, and a strong rental history, it caters directly to Temple’s large student population, 81% of whom seek housing off-campus after their freshman year. Its prime location in a high-demand, low-vacancy student submarket ensures long-term income stability. The surrounding North Philadelphia neighborhood continues to see revitalization and demand growth, supported by excellent transit access and proximity to downtown Philadelphia. This investment offers a blend of historical cachet, operational upside, and stable tenant demand, making 1520 North 17th Street a compelling acquisition for investors focused on student housing or value-driven urban rentals. * The neighboring property at 1522 North 17th Street is also available for purchase. That property consists of (2) one-bedroom, (1) two-bedroom, and (2) four-bedroom units, and is fully occupied. Potential buyers would be able to acquire this historic twin property. Contact the listing agent for more details.

FOR SALE DETAILS

PRICE

$750,000 USD

PRICE/SF

$231 USD /SF

# OF UNITS

1

PRICE/UNIT

$750,000

CAP RATE

7.4%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

(1) 10-Bedroom Student Housing Property

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1915

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,265 SF

ZONING

RM-1

APN/PARCEL ID

881146890

ASK ABOUT THIS PROPERTY

215-454-2879

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215-454-2879

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