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1540 N 15th St
For Sale $1,200,000 ($252.63 per Sq Ft)
$1,200,000 ($252.63 per Sq Ft)
- 4 Units
- 4,750 Sq Ft
- 2,083 Sq Ft
- Unknown Cap Rate
Description
Fantastic cash flowing investment opportunity in the heart of the Temple U area off campus housing market. This six unit building has been well cared for buy the current owner for nearly 40 years. . This building has the added bonus of extending from 15th Street to Sydenham Street with detached garage and/or plenty of vacant lot space for construction of an additional multi family property (build it yourself or subdivide and sell it). The units offer contemporary and well maintained finishes but can certainly be refreshed to increase the rents. All units are spacious and easily rented. Unit mix is Studio and 2BR/1BA Owner's Unit on ground floor, (2) 1BR/1BA Units on 2nd floor, and (1) 1BR/1BA and 2BR/1BA on 3rd floor. Gross income represents 4 units of income with owner's unit a(non-paying) and 3R vacant. Projected rents range up to $78,600 per year when laundry and garage rental are included . All utilities are separated, systems are up to date. Owner must have time to lease back following settlement. Property is being sold as-is, seller will not make repairs or inspection concessions.
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $1,200,000 |
| Property Type | Other |
| Usable Sqft | 4,750 |
| Number of Stories | 0 stories |
| Parking Spots | 1 spots |
| Year Built | 1915 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 881146804 |
| MLS # | PAPH2607316 |
| Property ID | 322749974 |
| Lot Sqft | 2,083 |
| Zoning | RM1 |
| Total Units | 4 |
| Days on Market | 50 |
| Original List Price | Unknown |
| Date Updated | April 27, 2026 |
| Date Created | April 12, 2026 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | $51,600 | $0 |
Listing Provided By
Larry R Levin an agent of . Lic #RS300451
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Data last updated: June 01, 2026.
Robert Crawford
REAL ESTATE AGENT