517 N 35TH ST new to site Save Request In-Person Tour Request Virtual Tour
Philadelphia,PA 19104
Key Details
Property Type Multi-Family, Townhouse
Sub Type Interior Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 2,364 sqft
Price per Sqft $274
MLS Listing ID PAPH2522082
Style Other
Abv Grd Liv Area 2,364
Year Built 1930
Available Date 2025-08-01
Annual Tax Amount $11,296
Tax Year 2024
Lot Size 963 Sqft
Acres 0.02
Lot Dimensions 18.00 x 55.00
Property Sub-Type Interior Row/Townhouse
Source BRIGHT
Property Description
Turnkey Investment Opportunity! CASH COW in Powelton Village - 517 N. 35th Street is an income-producing, multifamily property located in the heart of Powelton Village. This well-maintained building features 8 self-contained studios, each with its own kitchenette and private bathroom, a low-maintenance, high-demand rental configuration ideal for the student rental and young professional tenant base. The property is currently grossing $80,940 annually, delivering strong, stable cash flow with potential upside through targeted improvements or rental increases. The layout includes 2 rooms on the first floor, 3 rooms on the second floor, and 3 rooms on the third floor. The building is fully leased and respectfully managed. All tenants pay separately for electric, internet and the landlord is responsible for water and common area electric. Located just blocks from Drexel University, the University of Pennsylvania, and Powelton Village, this asset benefits from strong demand from students, young professionals, and medical staff. It's walkable to campus, SEPTA transit lines, restaurants, and local amenities. Buyer is responsible for verifying any and all zoning, licensure, and usage requirements with the City of Philadelphia.
Location
State PA
County Philadelphia
Area 19104 (19104)
Zoning CMX1
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Fireplace N
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Foundation Other
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade,Below Grade
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 242159900
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard