Income-producing student rental opportunity in the heart of Powelton Village near Drexel University. 416 N 31st Street is a 6-bedroom, 2-bath property fully leased through August 31, 2026 at $4,600 per month, offering stable rental income in a highly desirable university neighborhood. The home offers a practical layout designed for student housing with large bedrooms, shared living areas, a full kitchen, and two full bathrooms. Its close proximity to Drexel University, the University of Pennsylvania, public transportation, and neighborhood amenities ensures strong and consistent rental demand. The property has experienced 100% occupancy with no meaningful vacancy history, making it a reliable investment opportunity. With low operating expenses, low property taxes, and low insurance costs, this property offers investors strong cash-flow potential in one of Philadelphia’s most established student rental markets.
Current Lease: $4,600/month through 8/31/2026. Annual Gross Rent: $55,200. Offered at $600,000
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Listing Snapshot
Price
$600,000
Days On Site
179 Days
Bedrooms
6
Inside Area (SqFt)
1,350 sqft
Total Baths
2
Full Baths
2
Partial Baths
N/A
Lot Size
0.04 Acres
Year Built
1920
MLS® Number
PAPH2595382
Status
Active
Property Tax
$6,916
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Assessor
Friends & Family
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Recent Activity
6 months ago
Listing first seen on site
6 months ago
Listing updated with changes from the MLS®
General Features
Acres
0.04
Foundation
Other
Levels
Three Or More
Parking
Off Street
Property Sub Type
Townhouse
Sewer
Public Sewer
Special Circumstances
Standard
SqFt Above
1350
SqFt Total
1350
Style
OtherA-Frame
Water Source
Public
Zoning
RM1
Interior Features
Basement
Full
Cooling
OtherElectric
Heating
ElectricOther
Main Level Bedrooms
6
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Exterior Features
Pool Features
None
Community Features
MLS Area
19104 (19104)
School District
PHILADELPHIA CITY
Schools
School District
PHILADELPHIA CITY
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of BHHS Fox & Roach-Center City Walnut
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