1542 Fontain Street
Multifamily - Fully Leased Duplex - New Construction - 8 Bed 8 Bath
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.
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