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Key Details
Property Type Multi-Family
Sub Type Twin/Semi-Detached
Listing Status Active
Purchase Type For Sale
Square Footage 3,495 sqft
Price per Sqft $162
MLS Listing ID PAPH2632776
Style Traditional,Victorian
Abv Grd Liv Area 3,495
Year Built 1915
Annual Tax Amount $6,391
Tax Year 2025
Lot Size 2,100 Sqft
Acres 0.05
Lot Dimensions 21.00 x 100.00
Property Sub-Type Twin/Semi-Detached
Source BRIGHT
Property Description
The three-story building consists of four licensed residential units, including two spacious 2-bedroom, 1-bath bi-level apartments and two 1-bedroom, 1-bath apartments. One 2-bedroom unit features a generously sized private deck, while one of the 1-bedroom units includes its own deck as well. All apartments are bright, comfortable, and thoughtfully updated with modern kitchens, full-size appliances, and renovated bathrooms while preserving the property's original character and charm.
Additional features include separately metered gas and electric service for all units, shared laundry facilities, a large enclosed rear yard with alley access, and two HVAC systems providing forced-air heat and central air conditioning to the bi-level units. Major capital improvements include a newer roof, five hot water heaters installed in 2021, and a current lead-safe certification valid through January 2028.
A unique bonus feature is the approximately 350-square-foot 2-room finished flex space with private access, tiled flooring, and a plumbed toilet. Currently configured as office, studio, or storage space, it opens directly to the rear yard and offers potential for additional income, subject to zoning approval and the installation of a heat source. The property is licensed for four residential units; the flex space is not currently licensed as a residential apartment.
The property is fully occupied and currently generates approximately $56,000 in annual gross income, with potential to increase revenue by an estimated $10,000 through optimization of rents and ancillary space.
Ideally located near the Cecil B. Moore Station, Temple University, Broad Street, and multiple public transportation options, this property consistently attracts both student and professional tenants, supporting strong occupancy and reliable rental income. Whether you're expanding an investment portfolio or seeking your first multifamily acquisition, 1502 N. 17th Street offers turnkey stability, income potential, and long-term value.
Location
State PA
County Philadelphia
Area 19121 (19121)
Zoning RM1
Rooms
Basement Outside Entrance, Rear Entrance
Interior
Hot Water Electric
Heating Baseboard - Electric
Cooling Central A/C, Window Unit(s)
Fireplace N
Heat Source Electric, Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Foundation Brick/Mortar
Above Ground Finished SqFt 3495
Sewer Public Sewer
Water Public
Architectural Style Traditional, Victorian
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 471261000
Ownership Fee Simple
SqFt Source 3495
Security Features Exterior Cameras,Main Entrance Lock
Special Listing Condition Standard
Nearby School & Business
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