USAPAPhiladelphiaPowelton Village312 N 33Rd St
312 N 33 Rd St, Home with 0 bedrooms, 0 bathrooms and null parking in PHILADELPHIA PA | Image 1
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$2,400,000

312 N 33 Rd St, Philadelphia, PA

Real Estate

For Sale

$--,---,---
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  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Commercial Sale
Size -
Garage No
Maintenance Fees 
Taxes $23,516
Days Active 1
Approx. Age 1895
MLS® Number PAPH2518662

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

Rare opportunity to acquire an established portfolio of 28 units across four buildings in prime Powelton Village and Spruce Hill locations, walkable to both Drexel University and University of Pennsylvania. Stabilized, income-producing investment with value-add potential via light upgrades - proforma 7% cap rate. Portfolio price is $5, 100, 000 for all four buildings, or purchase separately. Grey Gables (a.K.A. 312-14 N 33rd Street) is a 10 unit building totaling 32 beds, offered at $2, 400, 000. Surface parking on site for 5 cars offers an extra income source, or could be redeveloped in the future to add additional units. Benefit from a strong tenant base derived from University of Pennsylvania's full-time student population of 23, 948 (up 1.65% YOY), as well as 39, 000+ individuals employed by University of Pennsylvania, and an overall population of more than 100, 000 residents between the 19104 and 19139 zip codes. As the pipeline of multifamily deliveries in Philadelphia continues to dwindle, demand is expected to outpace supply, driving further rental growth in 2025-2026, presenting a unique opportunity for investors to acquire a high-quality, income-producing asset with significant long-term upside. Offering memorandum available upon request.Show Description
MLS® NumberPAPH2518662
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1895
Stories
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatHot Water, Radiator, Natural Gas
A/CWindow Unit(s)
Heating Fuel

Extras

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