1542 FONTAIN STREET, PHILADELPHIA, PA 19121
PHILADELPHIA (NORTH) · PHILADELPHIA County
Key Facts
Description
Investor Alert! 24-hour notice required for all showings. New Construction Duplex | Tax Abatement In Place Exceptional opportunity to acquire a fully stabilized, institutional-quality student housing asset just steps from Temple University. Built in 2024, 1542 Fontain Street is a luxury duplex featuring a 3-bed/3-bath unit and a 5-bed/5-bath unit, totaling 8 bedrooms and 8 bathrooms across more than 4,000 square feet. The property is 100% occupied and leased through July 2027, generating $75,600 in annual gross rental income. With modern construction, efficient layouts, and strong in-place cash flow, the asset offers investors immediate yield with minimal operational burden. Designed specifically for the student housing market, both units feature highly desirable 1:1 bedroom-to-bathroom ratios, luxury finishes, central HVAC, in-unit laundry, oversized common areas, and private outdoor space. The lower unit includes a private rear patio, while the upper unit features an exclusive roof deck with skyline views—amenities that consistently drive strong leasing performance and tenant retention. A 10-year tax abatement provides a significant ownership advantage. As recent new construction, the property offers minimal near-term capital expenditure requirements and low maintenance costs, enhancing long-term cash flow and investment stability. Located within the Temple University Patrol Zone and just two blocks from main campus, 1542 Fontain benefits from one of Philadelphia's most established off-campus housing markets, characterized by consistent tenant demand, strong occupancy, and proven rent growth. With long-term leases already in place, luxury amenities, and substantial tax advantages, this is a rare opportunity to acquire a turnkey, cash-flowing asset in one of the city's strongest student housing corridors. This property is being marketed individually and as a package that includes the properties with the following MLS numbers: PAPH2632718, PAPH2632744, PAPH2635058 and PAPH2635078
Property Information
Property Type
Commercial Sale
Year Built
2023
Living Area
3,430 sq ft
Lot Size
0.02 acres
Lot Dimensions
14.00 x 58.00
Zoning
RM1
Days on Market
20
MLS® Listing#
PAPH2631596
Property Features
Appliances
Cooling
Heating
Parking
Foundation
Sewer
Water Source
Schools
- District:
- PHILADELPHIA CITY
Financial Details
Annual Taxes
$2,185
Tax year 2026
Assessed Value
$156,100
Parcel Number
321027500
Directions
GPS
Affordability Calculator
$145,000
Estimated monthly payment
$3,859/mo
Principal $580,000 · Est. interest $809,152 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in PHILADELPHIA, PA
- $302,964
- Median Listing Price
- 85
- Median Days on Market
- 1,344
- Median Sq Ft
- $196
- Median Price / Sq Ft
- 5,939
- Active Listings
- This home’s price is 139% above the area median.
- Its price per sq ft is 8% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in PHILADELPHIA, PA.
Location
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| 129 E DURHAM STREET, PHILADELPHIA, PA | $510,000 | 4 | — | 2,386 |
| 1831 S 22ND STREET A, PHILADELPHIA, PA | $510,000 | 4 | 3 | — |
| 1553 S STILLMAN STREET, PHILADELPHIA, PA | $510,000 | 4 | 3 | 2,250 |
Moving Cost Estimate
EXIT Agents in PHILADELPHIA
Listing Courtesy: Keller Williams Realty Devon-Wayne - 6106478300