PA > Philadelphia > None Available
Philadelphia, PA 19121,1947 N 33RD ST
Philadelphia, PA 19121,1947 N 33RD ST
Philadelphia, PA 19121,1947 N 33RD ST
Philadelphia, PA 19121,1947 N 33RD ST
Philadelphia, PA 19121,1947 N 33RD ST
Philadelphia, PA 19121,1947 N 33RD ST
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David Burris

David Burris

+1(609) 304-4202
Listed by Samantha Lee Miller • Select Commercial Advisors
$ 1,375,000
Est. payment | /mo

2,160 Sqft Lot

Save
$ 1,375,000
Est. payment | /mo
Save

2,160 Sqft Lot

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

Subdivision None Available

MLS Listing ID PAPH2471978

Year Built 2020

Available Date 2025-04-21

Annual Tax Amount $1,275

Tax Year 2024

Lot Size 2,160 Sqft

Acres 0.05

Lot Dimensions 24.00 x 90.00

Property Sub-Type Five Or More Units

Source BRIGHT

Property Description

1947 N 33rd Street: A turnkey, fully-stabilized, new construction multifamily asset with a 7.5% cap rate in North Philadelphia West across from Fairmount Park, featuring 5 spacious residential units - all two or three bedrooms each (average 1,380 SF per unit!) - on a desirable, scenic park-front stretch of North 33rd Street. Acquire this high-quality, low-maintenance, new-build (2020 vintage) with a little over 5 years remaining on a full 10-year property tax abatement. Delivered 100% leased, the property offers both steady cash flow and strong appreciation potential driven by the rapidly-developing North Philadelphia submarket. As new construction activity in Philadelphia declines, demand is expected to outpace supply, driving further rental growth in 2025, presenting a unique opportunity for investors to acquire a high-quality, income-producing asset with significant long-term upside.

Location

State PA

County Philadelphia

Area 19121 (19121)

Zoning RM1

Interior

Hot Water Electric

Heating Forced Air

Cooling Central A/C

Heat Source Electric

Exterior

Water Access N

View Park/Greenbelt

Accessibility None

Garage N

Building

Sewer Public Sewer

Water Public

New Construction Y

Schools

School District Philadelphia City

Others

Tax ID 881000970

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Standard

Bright MLS (BMLS)

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David Burris
David Burris

Agent | License ID: 1973254

+1(609) 304-4202

513 S Lenola Rd, Moorestown, NJ, 08057, United States

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1947 N 33RD ST

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