1808 W Susquehanna Ave, Philadelphia, PA 19121
Local realty services provided by:ERA Martin Associates
1808 W Susquehanna Ave,Philadelphia, PA 19121
$399,000
- 5 Beds
- - Baths
- 2,466 sq. ft.
- Multi-family
- Active
Listed by: guillermo salas iii, danielle py-salas
Office: exp realty, llc.
MLS#:PAPH2564854
Source:BRIGHTMLS
Price summary
- Price:$399,000
- Price per sq. ft.:$161.8
About this home
REO Sale — Now Offered at a Significant Price Adjustment.
This mixed-use triplex just steps from Temple University’s Main Campus presents a strong value-add opportunity with excellent cash-flow potential. With projected gross rents of approximately $52,800/year and a pro-forma 9.5% cap rate, this property is ideal for investors seeking scale, upside, and multiple income streams.
The building features a bi-level commercial space on the first floor—an open, flexible shell ready for a barber shop, salon, or service-oriented tenant. Above are two full-floor 2BD/2BA residential units with spacious layouts and strong rental appeal in a high-demand corridor.
The property is currently vacant, offering investors the ability to complete needed improvements, reposition the commercial space, or finish renovations without tenant disruption. With its location, size, and projected income, this property represents a compelling opportunity for both long-term investors and value-add operators.
With projected market rents of $4,400/month (≈ $52,800/year), this asset delivers a strong income profile. After expenses, the building produces a projected NOI of $42,553, making this an attractive opportunity for buy-and-hold investors seeking solid returns in a rapidly developing corridor.
The property features a bi-level white box commercial space on the first floor that has a layout perfectly suited for a barber shop, salon, or personal-service business. The space is ready for an investor or entrepreneur to complete and capture commercial income immediately. Upstairs are two full-floor residential units, each configured as 2 bedrooms / 2 bathrooms, spanning the entire 2nd and 3rd floors. These units offer spacious layouts, strong rental appeal, and excellent upside—especially in a market where well-located 2BR units near Temple can command premium rents.
The building is currently vacant, allowing for a full renovation strategy, immediate repositioning, or lease-up without tenant interruptions. Whether you’re an investor seeking cash flow, value-add potential, or long-term appreciation, this property presents a rare opportunity at a compelling price point....
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Home facts
- Year built:1915
- Listing ID #:PAPH2564854
- Added:328 day(s) ago
- Updated:April 12, 2026 at 01:32 PM
Rooms and interior
- Bedrooms:5
- Basement:Yes
- Basement Description:Partially Finished
- Living area:2,466 sq. ft.
Heating and cooling
- Cooling:Central A/C
- Heating:Central, Natural Gas
Structure and exterior
- Year built:1915
- Building area:2,466 sq. ft.
- Lot area:0.03 Acres
- Architectural Style:Straight Thru
- Construction Materials:Masonry
- Foundation Description:Block
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$399,000
- Price per sq. ft.:$161.8
- Tax amount:$2,753 (2024)
Parking
- Parking description:On Street
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