619 N 35TH ST, Philadelphia, PA 19104
619 N 35TH ST, Philadelphia, PA 19104
619 N 35TH ST, Philadelphia, PA 19104
619 N 35TH ST, Philadelphia, PA 19104
619 N 35TH ST, Philadelphia, PA 19104
619 N 35TH ST, Philadelphia, PA 19104
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
David Burris

David Burris

+1(609) 304-4202
Listed by Or Aharon • Keller Williams Liberty Place
$ 3,800,000
Est. payment | /mo

6,000 Sqft Lot

Save
$ 3,800,000
Est. payment | /mo
Save

6,000 Sqft Lot

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

Subdivision University City

MLS Listing ID PAPH2586226

Year Built 1920

Annual Tax Amount $8,000

Tax Year 2025

Lot Size 6,000 Sqft

Acres 0.14

Lot Dimensions 60.00 x 100.00

Property Sub-Type Five Or More Units

Source BRIGHT

Property Description

Newly constructed multifamily building in University City, just steps from Drexel and UPenn. This fully leased property offers 11 apartments with 33 bedrooms and 33 bathrooms over 1,460 SF of retail space. Each unit features private bathrooms, large living areas, and modern finishes. 10-year tax abatement. With an annual gross income of $318, operating expenses of $67k, and net income (NOI) of $251K, this property offers a strong 6.6% cap rate. Ideal for investors seeking a turnkey asset in a prime, high-demand location — UCITY — the fastest-growing rental submarket in Philadelphia, a Top-10 USA MSA (population) and Top-5 USA MSA for Life Sciences. The Eds & Meds economy powers this district and provides the community with insatiable, perennial rental demand, insulating investment properties for years to come.

Location

State PA

County Philadelphia

Area 19104 (19104)

Zoning CMX2

Interior

Hot Water Electric

Heating Central

Cooling Central A/C

Heat Source Electric

Exterior

Utilities Available Electric Available, Water Available

Water Access N

View City

Accessibility None

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 871600765

Ownership Fee Simple

Special Listing Condition Standard

Bright MLS (BMLS)

NEARBY SCHOOLS & PROPERTIES

GET MORE INFORMATION

David Burris
David Burris

Principal / Agent License ID: 1973254

+1(609) 304-4202

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

Name
Phone
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from North Point Real Estate Group of Keller Williams, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

Go tour this home

619 N 35TH ST

QUICK SEARCH
There are 19 quick searches