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Rare opportunity to acquire a distinctive 9-unit multifamily property just blocks from Temple University's Main Campus. 1517 N 15th Street combines historic architectural character with a compelling value-add investment profile in one of Philadelphia's established university rental corridors. The property features an impressive Second Empire-inspired design with a substantial cut-stone façade, 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.
| DAYS ON MARKET | 0 | LAST UPDATED | 9/16/2026 |
|---|---|---|---|
| TRACT | TEMPLE UNIVERSITY | YEAR BUILT | 1915 |
| COMMUNITY | 19121 (19121) | COUNTY | PHILADELPHIA |
| STATUS | Active | PROPERTY TYPE(S) | Commercial |
| School District | PHILADELPHIA CITY |
|---|
| ADDITIONAL DETAILS | |
| AIR | Electric, Wall Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Electric Water Heater |
| AREA | 19121 (19121) |
| BASEMENT | Yes |
| CONSTRUCTION | Stone |
| HEAT | Baseboard, Electric |
| LOT | 3485 sq ft |
| PARKING | None |
| SEWER | Public Sewer |
| SUBDIVISION | TEMPLE UNIVERSITY |
| TAXES | 6719.04 |
| UTILITIES | None |
| VIEW | Yes |
| VIEW DESCRIPTION | City |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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