We are pleased to present 521 N 34th Street, an 11-unit multifamily investment opportunity located in the heart of Philadelphia's University City neighborhood.
Constructed in 2018, the property consists of 17,100 rentable square feet and features a highly desirable unit mix of eight bi-level three-bedroom, three-bathroom units, one two-bedroom, two-and-a-half-bathroom unit, and two one-bedroom, one-and-a-half-bathroom units. The asset is currently 100% occupied and generates approximately $266,636 in annual Net Operating Income.
Located within walking distance of Drexel University, the University of Pennsylvania, Penn Medicine, and numerous major employers, the property benefits from one of Philadelphia's strongest and most resilient rental markets. With modern construction, oversized floor plans averaging 1,555 square feet, and minimal anticipated capital expenditures, 521 N 34th Street offers investors a turnkey opportunity with durable cash flow and long-term appreciation potential.
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Listing Snapshot
Price
$3,675,000
Days On Site
102 Days
Bedrooms
28
Inside Area (SqFt)
11,700 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.11 Acres
Year Built
2018
MLS® Number
PAPH2640534
Status
Active
Property Tax
$33,833
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Estimated
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Recent Activity
3 months ago
Listing updated with changes from the MLS®
3 months ago
Listing first seen on site
General Features
Acres
0.11
Cross Street
BRANDYWINE ST
Foundation
Other
Parking
None
Property Sub Type
Multi Family
Sewer
Public SewerPrivate Sewer
Special Circumstances
Standard
SqFt Above
11700
SqFt Total
11700
Style
Straight Thru
Water Source
PrivatePublicOther
Zoning
RSA5
Interior Features
Appliances
Electric Water Heater
Cooling
Central Air
Heating
Other
Interior
Eat-in Kitchen
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Exterior Features
Pool Features
None
Community Features
MLS Area
19104 (19104)
School District
THE SCHOOL DISTRICT OF PHILADELPHIA
Schools
School District
THE SCHOOL DISTRICT OF PHILADELPHIA
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of Trophy Commercial Real Estate LLC
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