Views
Address
1517 N 15th Street, Philadelphia, PA
Price
$ 1,200,000
Property Attributes
- MLS#PAPH2671426
- TypeMulti-Family
- Listing Status ACTIVE
- CountyPHILADELPHIA
- CityPhiladelphia
- Area19121
- NeighborhoodTemple University
- Zip19121
- StyleTraditional,Unit/Flat
- Year Built1915
- Taxes$ 6719
- Price$ 1,200,000
- Bedrooms13
- Full Bathrooms0
- Half Bathrooms0
- Lot Size0.08 Acres
Data Source:
Bright MLS
Property Description
Rare opportunity to acquire a distinctive 9-unit multifamily property just blocks from Temple Universitys Main Campus. 1517 N 15th Street combines historic architectural character with a compelling value-add investment profile in one of Philadelphias established university rental corridors. The property features an impressive Second Empireinspired design with a substantial cut-stone faade, ornate architectural detailing, and signature mansard roofline. The building contains a diverse unit mix of one studio, four 1-bedroom units, three 2-bedroom units, and one 3-bedroom/3-bath unit. Seven of the nine units are currently occupied, with two vacant units providing an immediate lease-up opportunity. The stabilized rent schedule projects approximately $11,750 per month / $141,000 annually in gross rental income. The property is being offered strictly AS-IS, WHERE-IS, with all existing conditions, providing investors the opportunity to acquire the asset in its current condition and implement their own renovation, management, and value-add strategy. Seller will make no repairs or improvements prior to closing. Conveniently located near Temple University, neighborhood retail, dining, SEPTA, and Center City, 1517 N 15th Street offers substantial scale, architectural character, and a defined path toward stabilization.
| Price History | |
|---|---|
| 9/16/2026 | Listed $1,200,000 |
General Features
| Living Area | 6872 |
|---|---|
| Sewer | Public Sewer |
| Heating | Baseboard - Electric |
| Cooling | Wall Unit |
| Utilities | None |
| Possession | 0-30 Days CD,Immediate,Negotiable,Settlement |
| Zoning | RM1 |
| Architectural Style | Traditional,Unit/Flat |
| Construction Materials | Masonry,Stone |
| School District | PHILADELPHIA CITY |
| Year Built | 1915 |
| View | City |
| Property Subtype | Triplex |
| Tax Year | 2026 |
| Ownership | Fee Simple |
| Cool Fuel | Electric |
| Gross Income | 141000.00 |
| Accessibility | None |
| County | PHILADELPHIA |
| Net Operating Income | 101476.00 |
| Operating Expense | 39524.00 |
| New Construction | No |
| Property Type | Multi-Family |
| Subdivision Name | TEMPLE UNIVERSITY |
| Garage Y/N | No |
| Water Access Y/N | No |
| Other Structures | Above Grade,Below Grade |
| Status | ACTIVE |
| Directions | use gps |
| City | PHILADELPHIA |
| Disclosures | None |
| Number Of Units Total | 3 |
| MLS Area | 19121 (19121) |
| Lot Size Units | Square Feet |
| Lot Size Square Feet | 3590.00 |
| Tax Assessed Value | 504500.0 |
| Number of Units Leased | 9 |
| Tax Annual Amount | 6719.04 |
| Property Condition | Average |
| Two Bedroom | 3 |
| Structure Type | Detached |
| Single Room Units Count | 1 |
| One Bedroom Units Count | 4 |
| NumberOfUnitsVacant | 2 |
| Other Units | Unit 1,Unit 1 |
| Price Per Sq Ft Total AG | 174.62 |
| Acceptable Financing | Cash,Negotiable,Conventional |
| Historic Y/N | No |
| Rent Control Y/N | No |
| Vacation Rental Y/N | No |
| Total SQFT | 6872 |
| Standard Status | Active |
| Year Built Source | Assessor |
| Tax Lot | 192 |
| Total Actual Rent | 141000.00 |
| Cap Rate | 8.46 |
Interior Features
| Heating Fuel | Electric |
|---|---|
| Basement | Partially Finished |
| Hot Water | Electric |
| Basement (Y/N) | Yes |
| Heating Y/N | Yes |
| Central Air Y/N | No |
| LivingAreaSource | Assessor |
| Three Bedroom Units Count | 1 |
| Laundry Type | Shared,Lower Floor,Basement |
Exterior Features
| Pool | No Pool |
|---|---|
| Water Source | Public |
| Type of Parking | None |
| Foundation Details | Other |
| Spa | No |
| Water View Y/N | No |
| Lot Size Acres | 0.08 |
| Lot Size Source | Assessor |
| Waterfront Y/N | No |
| Land Assessed Value | 100900.00 |
| Navigable Water Y/N | No |
| Water Oriented Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 19121
Price
Taxes
Year Built
Visits
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