$600,000
SOLD NOV 15, 2024
-- Bed
-- Bath
3,090 Sq Ft
1,659 Sq Ft Lot

Recently Sold

$194 Per Sq Ft

11 Days on Market

About This Home

As of November 2024

1319 N 15th Street – Strategic Triplex Investment Near Temple University

This triplex is the perfect investment opportunity for any serious investor looking to add a high-performing property to their portfolio. With a total rental income of $57,960 annually, this building offers tremendous cash flow potential. The fully-leased second and third-floor units each feature 3 bedrooms and 3 bathrooms, generating $1,710/month and $1,720/month respectively. The first-floor 2-bedroom, 2-bath unit with a private rear yard is projected to rent for $1,400/month. Additionally, the common washer/dryer system can be converted to coin-operated for added revenue.

Situated just off Broad Street, this property provides unbeatable access to Center City, Temple University, and a wealth of public transportation options, including the Broad Street subway line, making it a prime location for premium rentals and potential long term value growth. Easy access to major roadways and highways makes commuting throughout the city and beyond a breeze.

With demand for rentals in this area continuing to rise, this property offers more than just immediate cash flow—it’s a future-proof investment with significant long-term appreciation potential. Don’t miss your chance to secure this prime asset in a highly desirable location. Please note that many of the photos are are from prior to tenants moving in. Buyer must do their own due diligence and confirm real estate taxes.

Last Agent to Sell the Property

Ian Perler

KW Empower Listed on: 09/30/2024

KW Empower

Last Buyer's Agent

David Goldsmith

Super Realty Group, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,121

Year Built

  • Built in 1915

Lot Details

  • 1,659 Sq Ft Lot
  • Lot Dimensions are 18.00 x 92.00

Parking

  • On-Street Parking

Home Design

  • Triplex
  • Stone Foundation
  • Concrete Perimeter Foundation
  • Masonry

Interior Spaces

  • 3,090 Sq Ft Home
  • Basement Fills Entire Space Under The House

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Water Heater

Community Details

  • 3 Units
  • 1 Vacant Unit

Listing and Financial Details

  • Tax Lot 197
  • Assessor Parcel Number 471179300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,121

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Interior Row/Townhouse
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1915
  • Automatically Close On Close Date: No
  • Remarks Public: 1319 N 15th Street – Strategic Triplex Investment Near Temple University This triplex is the perfect investment opportunity for any serious investor looking to add a high-performing property to their portfolio. With a total rental income of $57,960 annually, this building offers tremendous cash flow potential. The fully-leased second and third-floor units each feature 3 bedrooms and 3 bathrooms, generating $1,710/month and $1,720/month respectively. The first-floor 2-bedroom, 2-bath unit with a private rear yard is projected to rent for $1,400/month. Additionally, the common washer/dryer system can be converted to coin-operated for added revenue. Situated just off Broad Street, this property provides unbeatable access to Center City, Temple University, and a wealth of public transportation options, including the Broad Street subway line, making it a prime location for premium rentals and potential long term value growth. Easy access to major roadways and highways makes commuting throughout the city and beyond a breeze. With demand for rentals in this area continuing to rise, this property offers more than just immediate cash flow—it’s a future-proof investment with significant long-term appreciation potential. Don’t miss your chance to secure this prime asset in a highly desirable location. Please note that many of the photos are are from prior to tenants moving in. Buyer must do their own due diligence and confirm real estate taxes.
  • Special Features: None

Interior Features

  • Fireplace: No
  • Foundation Details: Stone, Concrete Perimeter
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 3090
  • Living Area Sq Ft: 3090
  • Price Per Sq Ft: 194.17
  • Above Grade Finished Sq Ft: 3090
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1319

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Masonry
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • School District: THE SCHOOL DISTRICT OF PHILADELPHIA
  • School District Key: 300200397108
  • School District Source: Listing Agent

Lot Info

  • Land Use Code: U50
  • Lot Size Acres: 0.04
  • Lot Dimensions: 18.00 x 92.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1659.00
  • Year Assessed: 2024
  • Zoning: RM1

Rental Info

  • Total Actual Rent: 57960.00
  • Units Furnished: All
  • Units Leased Count: 2
  • Vacation Rental: No

Tax Info

  • School Tax: 5107.00
  • Tax Annual Amount: 9121.00
  • Assessor Parcel Number: 471179300
  • Tax Lot: 197
  • Tax Total Finished Sq Ft: 3090
  • County Tax Payment Frequency: Annually
  • Tax Year: 2024
  • Close Date: 11/15/2024

Multi Family

  • Number Of Units Vacant: 1
  • Gross Income: 38646.10
  • Other Units: Unit 1,Unit 2,Unit 3

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 30, 2024
Closed on
Nov 8, 2024
Sold by
Ding William
Bought by
Ward Jerryd
Seller's Agent
Ian Perler
KW Empower
Buyer's Agent
David Goldsmith
Super Realty Group, LLC
List Price
$600,000
Sold Price
$600,000
Views
7
Current Estimated Value
$608,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$8,000
Avg. Annual Appreciation
2.24%
Original Mortgage
$612,900
Outstanding Balance
$610,067
Interest Rate
6.44%
Mortgage Type
VA
Estimated Equity
$933

Purchase Details

Closed on
Dec 22, 2014
Sold by
Galster Gerard
Bought by
Ding William

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$352,500
Interest Rate
4.02%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 5, 2010
Sold by
Taylor Bean & Whitaker Mortgage Corp
Bought by
Galster Gerard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$288,750
Interest Rate
5.05%
Mortgage Type
Construction

Purchase Details

Closed on
Nov 24, 2008
Sold by
Ponder Eric
Bought by
Taylor Bean & Whitaker Mortgage Corporat

Purchase Details

Closed on
Jun 30, 2005
Sold by
Johnson Janice Marie
Bought by
Ponder Eric

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
7.75%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 1, 1996
Sold by
Johnson David W
Bought by
Johnson Janice Marie
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $600,000 Abstract One
Deed $600,000 Abstract One
Deed $470,000 The Abstract Co
Special Warranty Deed $75,000 None Available
Sheriffs Deed $4,400 None Available
Deed $300,000 Lawyers Title Ins
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $612,900 VA
Closed $612,900 VA
Previous Owner $420,000 New Conventional
Previous Owner $352,500 Commercial
Previous Owner $288,750 Construction
Previous Owner $240,000 Commercial
Previous Owner $45,000 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/15/2024 11/15/24 Sold $600,000 0.0% $194 / Sq Ft
10/11/2024 10/11/24 Pending -- -- --
09/30/2024 09/30/24 For Sale $600,000 -- $194 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $9,121 $673,600 $134,720 $538,880
2024 $9,121 $673,600 $134,720 $538,880
2023 $9,121 $651,600 $130,320 $521,280
2022 $6,963 $651,600 $130,320 $521,280
2021 $6,963 $0 $0 $0
2020 $6,963 $0 $0 $0
2019 $6,730 $0 $0 $0
2018 $3,330 $0 $0 $0
2017 $3,330 $0 $0 $0
2016 $3,330 $0 $0 $0
2015 $3,804 $0 $0 $0
2014 -- $283,900 $11,412 $272,488
2012 -- $21,184 $960 $20,224
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PAPH2401010

Bright MLS

APN: 471179300