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Philadelphia,PA 19121
Key Details
Property Type Multi-Family, Townhouse
Sub Type Interior Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 812 sqft
Price per Sqft $350
Subdivision Temple University
MLS Listing ID PAPH2534990
Style Contemporary,Mid-Century Modern,Traditional
Abv Grd Liv Area 1,560
Year Built 1915
Annual Tax Amount $3,776
Tax Year 2025
Lot Size 812 Sqft
Acres 0.02
Lot Dimensions 14.00 x 58.00
Property Sub-Type Interior Row/Townhouse
Source BRIGHT
Property Description
Welcome to 1524 Fontain Street, a turn-key, high-performing investment property located in the prime Temple University area—just a 2-minute walk to main campus. This fully renovated, legally zoned property was updated in 2016 and is a true cash cow, offering incredible rental income potential with 0% vacancy under the current ownership. The property has been legally rezoned to accommodate four separate leases, making it a rare and valuable find for serious investors.
Inside, you'll find four spacious bedrooms, a convenient half bath on the main floor, and two full bathrooms on the second floor, providing plenty of space and comfort for tenants. The fully finished basement adds additional living or storage space, along with central air conditioning and basement laundry—highly desirable features for student renters. With rental income reaching up to $2,400 per lease, this property offers strong, steady cash flow from day one.
Whether you're a seasoned investor or just entering the market, 1524 Fontain Street is a rare opportunity to own a legally zoned, consistently leased property in one of Philadelphia's most in-demand rental corridors. Walkable to campus, public transportation, and local amenities—this is an investment you don't want to miss.
Location
State PA
County Philadelphia
Area 19121 (19121)
Zoning RM1
Rooms
Basement Fully Finished,Improved,Interior Access
Interior
Hot Water Electric
Heating Central
Cooling Central A/C
Fireplace N
Heat Source Central
Exterior
Water Access N
Accessibility 32\"+ wide Doors,2+ Access Exits
Garage N
Building
Foundation Concrete Perimeter,Brick/Mortar
Sewer Public Sewer
Water Public
Architectural Style Contemporary,Mid-Century Modern,Traditional
Additional Building Above Grade,Below Grade
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 321026600
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Standard