$10,000 Closing Credit¹
#PAPH2398806, LIN LIN DONG, Listing Office: Realty Mark Associates - KOP
$10,000
closing credit¹
2318 N Park Ave Philadelphia, PA 19132
$885,000 List price
$10,000
Closing credit¹
5,149 sqft
0.05 acres
$172 / sqft
House
Property details
About 2318 N Park Ave
Agent PHL is delighted to present 2318 N Park Ave, an exceptional multifamily investment opportunity in the heart of the thriving Temple University submarket. Constructed in 2014 and meticulously maintained by the original owner, this 6-unit, 10-bedroom property exemplifies modern convenience and low-maintenance appeal. Each unit is designed to maximize tenant satisfaction, featuring contemporary finishes, spacious layouts, and large windows that flood the interiors with natural light, creating a warm and inviting atmosphere. Adding to its allure is the convenience of two on-site parking spaces, a rare and highly coveted amenity in this dense urban neighborhood. The property is strategically located just two blocks from Temple University’s main campus, placing it within walking distance of classrooms, amenities, and the university’s vibrant social scene. This prime location has made the property a preferred choice for off-campus student housing, ensuring consistent demand and high occupancy rates. The building is currently 100% leased, generating a robust Net Operating Income (NOI) of $59,304 and offering investors an attractive 6.701% Cap Rate. Surrounded by similar off-campus housing developments, the property benefits from a stable rental market and steady appreciation potential. Its modern construction and strong operating performance make 2318 N Park Ave an outstanding addition to any multifamily portfolio.
Highlights
Home typeOther
HeatingCentral
StatusActive
(ACTIVE)
(ACTIVE)
CoolingCentral Air
Size5,149 sqft
Lot size0.05 Acres
Year built2014
ParkingDriveway
MLS #PAPH2441728
Summary
- MLS Number: PAPH2441728
- MLS Name: BRIGHT
- Office Name: Keller Williams Realty - Ocean City
- Office Phone: (609) 399-5454
- Office Email: klrw903@kw.com
- Listing Agent: Or Aharon
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.
The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.
BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2025 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/10/2025, 1:24:30 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$885,000
2318 N Park Ave
$10,000
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $539,600 | $7,553 |
| 2022 | $80,940 | $1,133 |
| 2021 | $- | $1,276 |
| 2020 | $304,000 | $1,276 |
| 2019 | $303,300 | $1,273 |
| 2018 | $294,500 | $1,236 |
| 2017 | $323,400 | $109 |
History based on county public records data.
Nearby schools
2
Kipp North Philadelphia Charter School
Public Charter KG-6
0.3 mi
•2539 N 16th St
3
Mastery Charter School at Clymer
Public Charter KG-6
0.6 mi
•1201 W Rush St
1
Thomas May Peirce Elementary School
Public District KG-6
1.0 mi
•2300 W Cambria St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $12,087. Residents of Philadelphia, PA typically earn less than $<35k each year. The most common type of family is single, no kids. The majority of residents in this area have high school diploma education.
How much money do the neighbors make?
80%
<35k
15%
35k-100k
4%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
70%
Single, No Kids
21%
Single, with Kids
5%
Married, No Kids
4%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
10%
<11 yrs old
5%
12-17 yrs old
47%
18-34 yrs old
35%
35-64 yrs old
3%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Mexican League Soccer
Where do the neighbors shop?
Burlington
H&M
Foot Locker
Where do the neighbors go to eat?
White Castle
Boston Market
Little Caesars
What do the neighbors drive?
Kia
Honda
Dodge
What do the neighbors listen to?
Urban Adult Contemporary
Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
Similar homes for sale
$10,000 Closing Credit¹
#PAPH2398252, Gene Zilberman, Listing Office: Trinity Realty Services
$10,000 Closing Credit¹
#PAPH2390062, Nicholas V Giganti, Listing Office: KW Empower
$10,000 Closing Credit¹
#PAPH2399164, Marco A Troche, Listing Office: RE/MAX Affiliates
$6,174 Closing Credit¹
#PAPH2394564, Michael P Cohen, Listing Office: KW Empower
$1,543 Closing Credit¹
#PAPH2377716, Walter Butler, Listing Office: Keller Williams Real Estate Tri-County
$2,007 Closing Credit¹
#PAPH2429220, Scott Simmens, Listing Office: Heritage Homes Realty
Backup offers3D tour
$3,264 Closing Credit¹
#PAPH2405554, Brenda R Beiser, Listing Office: Redfin Corporation
$2,078 Closing Credit¹
#PAPH2427966, Yamit Haba, Listing Office: Brass Key Realty
$1,959 Closing Credit¹
#PAPH2431034, Marla D Gamble, Listing Office: Marvin Capps Realty Inc
Frequently asked questions
About 2318 N Park Ave
This home is located at 2318 N Park Ave in Philadelphia, PA and zip code 19132 in the Lower North Philadelphia neighborhood. This 5,149 square foot home, which was built in 2014, sits on a 0.05 acre lot. Features: 0 bathroom. It has been listed on Rocket Homes since February 4, 2025 and is currently priced at $885,000.
In January 2025, from all listings sold in Philadelphia, PA there were more than 152 sold above asking price, over 457 sold below and more than 186 were sold right at the asked price. In January 2025 in Philadelphia, PA there were 3.5% more homes for sale than in December. The median list price of listings available in January 2025 was $266,945, while the average time on the real estate market was 52 days.
From Rocket Homes Real Estate and based on county public records data.