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1542 FONTAIN ST Philadelphia PA 19121-2315

APN 321027500

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Details
Property Type Multifamily
Sub Type Apartment Building
Building SqFt 2,824
Lot SqFt 812
Acreage ******
Sold Date ******
Sold Price ******
Sold Price/SqFt ******
Zoning Code RM1
Year Built 2023
Building Count 1
Opportunity Zone No
Sold Price per Acre ******
Owner Name LOPSONZSKI 1542 FONTAIN ST LP
Owner Mailing Address (Full Address) ******
APN 321027500

Property History

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Property Type
Property Type
Multifamily
Property Subtype
Student Housing, Apartment Building
Asking Details
Asking Price
$725,000
Asking Cap Rate
7.76%
Asking NOI
$56,250
Price/Sq Ft
$180.75
Price/Unit
$362,500
Marketing Description

Portfolio Opportunity: This property is available for purchase individually or as part of a larger portfolio, offering investors the flexibility to acquire a single asset or assemble a collection of institutional-quality investment properties in some of the market's most desirable locations.​

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 through 2035 provides a significant ownership advantage, with an estimated remaining tax savings of approximately $80,000.​ 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.​

Investment Highlights

  • New Construction (2024) – Institutional-quality duplex requiring minimal near-term capital expenditures.
  • 100% Occupied – Fully leased through July 2027 with immediate, in-place cash flow.
  • Strong Income$75,600 annual gross rental income from two luxury student housing units.
  • Tax Abatement Through 2035 – Approximately $80,000 in remaining tax savings, significantly enhancing investor returns.
  • Luxury 8 Bed / 8 Bath Layout – Highly sought-after 1:1 bedroom-to-bathroom ratio that consistently commands premium rents.
  • Over 4,000 SF – Spacious layouts with oversized living areas designed specifically for the student housing market.
  • Premium Amenities – Private roof deck, private rear patio, central HVAC, in-unit laundry, luxury finishes, and modern construction.
  • Low Maintenance Asset – New construction minimizes deferred maintenance and unexpected capital expenses.
  • Prime Temple University Location – Just two blocks from campus and within the Temple University Patrol Zone.
  • Proven Rental Market – Located in one of Philadelphia's strongest student housing corridors with historically high occupancy and continued rent growth.
  • Turnkey Investment – Stabilized asset with long-term leases already in place, allowing investors to generate income from day one.
  • Exceptional Tenant Appeal – Modern amenities and efficient floor plans support strong leasing velocity and tenant retention.

Property Type
Property Type
Multifamily
Property Subtype
Student Housing
Marketing Description

We are excited to present an exceptional investment opportunity: a fully managed portfolio of 69 high-performing properties in the Temple University student housing market. Generating $4.3 million in annual rental income with 98% occupancy, this $43.75 million portfolio delivers immediate cash flow and long-term stability.

Nearly 95% of the properties are within the campus patrol zone, ensuring consistent tenant demand, and the entire portfolio is listed on the Temple University partner rental website. Many properties are also “Best Nest” certified, reinforcing trust and rentability through university-backed standards.

This portfolio offers a balanced mix of newly renovated units featuring premium amenities such as roof decks, alongside value-add opportunities for further equity growth. Supported by a reliable student tenant base, this turnkey investment is not just a collection of properties but the result of 17 years of dedication and expertise from a single investor.

For investors seeking a strategic, high-yield asset in a competitive market, this portfolio delivers both security and growth potential.

Investment Highlights
  • Prime Location: Every property is within 5 blocks of Temple University, and almost 95% of the portfolio is situated in the campus patrol zone, ensuring student safety and convenience—a key driver for attracting and retaining tenants.

  • Turnkey Operation: The portfolio is 97% occupied, significantly outperforming the local average, a testament to the desirability and quality of these properties. With seamless property management already in place, you can start collecting rent from day one.

  • Safe and Dependable Rent Collections: Student housing is widely recognized as one of the safest sectors for rent collection. Rent is paid diligently every month, typically secured by parental guarantors, minimizing risk and ensuring a steady, dependable cash flow. This makes it an ideal investment for those seeking stability and security.

  • Temple Enrollment Surge: Temple University’s enrollment and applications are at a high, creating even more demand for off-campus housing. This trend underscores the long-term stability and growth potential of student rentals in this area.

  • High-Quality Renovations: A blend of modern, newly renovated units—many featuring desirable amenities like roof decks—ensure the properties remain competitive in the student housing market.

  • Equity Growth Potential: While much of the portfolio is newly renovated, there are select properties where strategic improvements could further boost both rental income and overall property value, offering a path to increased equity.

Loan History

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Financial History

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Tax History

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Contact Information

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Ownership Information

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Zoning

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RM1 ResidentialMulti FamilyResidential Multifamily
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Last updated Apr 21, 2026 For deeper zoning details, reports are available at Zoneomics

Property Details

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Contacts

Listing removed on
 BY:
DR
Danielle Redenbaugh
LIC: RS371661
•••.•••.3971
•••••••augh@••.com
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