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About This Home

This 0-bedroom, 0-bathroom residential multi family at 1542 FONTAIN Street in Philadelphia, PA is listed for $725,000 ($181 per sqft). Built in 2023, the home offers 4,011 sqft of living space on a 0.02 acres lot.

Agent Description

Investor Alert! 24-hour notice required for all showings. New Construction Duplex | Tax Abatement Through 2035 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. This property is being marketed individually and as a package that includes the properties with the following MLS numbers: PAPH2632718, PAPH2632744, PAPH2635058 and PAPH2635078

Key Features

  • Built in 2023
  • 0.02 acre lot

Property Details

2023

Amenities

A/C

Monthly Cost Estimate

$3,877/mo

20% down · 6.5% · 30 years

Principal$524
Interest$3,142
Insurance$211

Estimates only. Actual payments may vary.

Location

1542 FONTAIN Street

Philadelphia, PA 19121

PHILADELPHIA (NORTH)

Features & Amenities

Interior Features

Wood Floors

Property Details

Construction

Masonry

Parking

On Street

Heating

Forced Air

Cooling

Central Air

Appliances

DryerRefrigeratorWasherBuilt-In MicrowaveDishwasherDryer - ElectricOven/Range - Electric

Questions & Answers

This 0-bedroom, 0-bathroom residential multi family at 1542 FONTAIN Street is listed at $725,000 ($181/sqft). The estimated monthly payment is $3,142 based on 20% down at 6.5% interest.

Key features include: Built in 2023, 0.02 acre lot. Interior Features: Wood Floors.

This property is listed by Michael Coleman and can be reached at 4849426266 or mikecolemanrealestate@gmail.com.

MC

Michael Coleman

Agent at Keller Williams Realty Devon-Wayne

(484) 942-6266

Listed by Keller Williams Realty Devon-Wayne · View on Broker Site

MLS# PAPH2631578· Source: listhub· Updated 18 days ago

Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

1542 FONTAIN Street, Philadelphia, PA 19121

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