1708 N BOUVIER ST, Philadelphia, PA 19121

• 2,031 sqft

Property Description

Turnkey 2018 duplex at $435,000, leased through July 31, 2027, at $50,100/yr. This prices to an 8.99% CAP and 8.68 GRM with 2 years of tax abatement remaining. Even after Philly's reassessment-on-sale, the CAP still holds at 7.99%. At 25% down and 6.75%, the deal returns $13,705/yr in cash flow, 12.6% cash-on-cash, and 1.54 DSCR. Note that pictures have been virtually staged/decluttered. Some bedrooms are currently under-occupied through August 2026, though the owner is willing to compensate the rents to the 2026-2027 term if closed before August. Located on the 1700 block of Bouvier, one of the most popular student blocks in the Temple corridor (7-minute walk to campus and SEPTA, clean street, surrounded by other student housing). Temple has had a rough enrollment stretch, which is partly why these asset prices are attractive today. New president John Fry, who reshaped Drexel's footprint during his tenure there, is now driving Temple's campus redevelopment and recruitment efforts, making enrollment more likely to trend upward than downward. Two 4BR/2BA units, central HVAC, in-unit washer and dryer, and modern finishes. Unit A has backyard access; Unit B is larger. At $54,375 per bed and a 22% expense ratio, this outperforms the comp set and is one of the few 2018+ builds in the area trading near a 9 CAP. 3D tour and full underwriting available on request.

Listing Status:

Active

Data Last Updated:

May 20, 2026 at 4:19AM

Listing Office:

RE/MAX Plus : 2154223711

Listing Agent:

Toma Holovatskyy : 4848689234

MLS ID:

PAPH2619642

Interior

• General: Dining AreaCombination Dining/LivingCombination Kitchen/LivingBathroom - Walk-In Shower
• Appliances: DishwasherWasherDryerRefrigeratorStoveBuilt-In Microwave
• Flooring: Luxury vinyl plankCarpetCeramic tile
• A/C: Central A/C
• Heating: CentralElectric
• Disability Feature: None

Exterior

• General: Above GradeBelow Grade
• Style: Contemporary
• Other Structures: Porch

Construction

• General: MasonryConcrete Perimeter

Location

• Originating MLS: BRIGHT_MAIN
• School District: PHILADELPHIA CITY
• County: PHILADELPHIA-PA

Lot

• Zoning: RM1471284910

Utilities

• Water: Public
• Sewer: Public Sewer

Financial

• Source: BRIGHT_MAIN
• Exclusions: Tenant's personal property