1609 W Norris Street

Philadelphia, PA 19121

An amazing opportunity to build a triplex in one of the most desirable locations at Temple University can be yours! All the permits should be done within a couple of weeks and you can complete construction right before the Temple University 2025-2026 academic year leasing season! The owner has plans ready for a 3-unit, 11-bed/11-bath building with a shared rooftop. Setups - Unit 1 - 4 bed/4 bath - $750/room, $3000/mo totalUnit 2 - 2 bed/2 bath - $800-900/room, $1850/mo totalUnit 3 - 5 bed/5 bath - $700/room, $3500/moThese are conservative estimates and bring this property's income well into $100k/year. The comparable rents are derived from dozens of similar properties in the area we have all leased out. The area of 15th-17th St, between Diamond and Cecil B. Moore streets is in high demand for Temple students. The bed-to-bath ratio, location (literally one block to Broad St), and the fact that it is a new construction will make it a desirable rental for Temple students so you should have smooth leasing, low turnover, and overall easy management.