1542 Fontain Street, Philadelphia, PA 19121

Property Description

Exceptional opportunity to acquire a fully stabilized multifamily asset in the heart of Temple University's off-campus housing market. Built in 2024, 1542 Fontain Street is a luxury duplex consisting of a 3-bedroom/3-bathroom unit and a 5-bedroom/5-bathroom unit, offering a total of 8 bedrooms and 8 bathrooms across five levels of living space and more than 4,000 square feet of rentable space. The property is currently 100% occupied and leased through July 2027, generating $6,300 per month in rental income and producing an annual NOI of $52,920. The substantial size of the building, combined with its efficient unit layouts, creates a highly desirable and scalable income-producing asset in one of Philadelphia's strongest student housing markets. Purpose-built for premium off campus housing, both units feature highly sought-after 1:1 bedroom-to-bathroom ratios, luxury finishes, central HVAC, private laundry, oversized common areas, and private outdoor spaces. The first-floor unit enjoys a private rear patio, while the upper unit features an exclusive roof deck with expansive views. These amenities, combined with modern construction and thoughtful design, position the property among the top tier of rental offerings in this market. Investors will benefit from a 10-year tax abatement through 2035, representing an estimated tax savings value of approximately $80,000 over the remaining term. As recent new construction, the property offers minimal anticipated capital expenditures and low maintenance requirements, supporting strong long-term cash flow performance. Located on a quiet residential block just two blocks from Temple University's main campus and within the Temple University Patrol Zone, the property enjoys exceptional tenant demand, strong occupancy fundamentals, and excellent rent growth potential. With luxury amenities, stable income, significant tax advantages, and long-term leases already in place, 1542 Fontain Street presents a rare opportunity to acquire a large-scale, turnkey investment asset in Philadelphia's premier student housing corridor.

Property Features

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