Income-producing corner triplex in Powelton Village, adjacent to University City. Two units are currently leased, with one unit vacant and ready for a new tenant. At full occupancy, current rents total $3,991 per month, or $47,892 annually. For investors who prefer to self-manage, the estimated cap rate is approximately 6.35% based on current income and normalized expenses.
The property consists of one 1-bedroom, 1-bath apartment with a private side patio and two 2-bedroom, 1-bath apartments. All three units have updated bathrooms. Additional features include separate electric meters, shared basement laundry, accessible mechanicals, and one water heater replaced in 2026.
Located near Drexel University, University of Pennsylvania, CHOP and Penn Presbyterian Medical Center, with convenient access to public transportation and Center City. The corner location provides additional natural light and a more open feel than a typical interior row property.
The property is currently professionally managed. Income, leases and expense information are available upon request.
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Listing Snapshot
Price
$545,000
Days On Site
23 Days
Bedrooms
5
Inside Area (SqFt)
2,499 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.02 Acres
Year Built
1920
MLS® Number
PAPH2662634
Status
Active
Property Tax
$7,388
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Estimated
Friends & Family
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Recent Activity
3 weeks ago
Listing updated with changes from the MLS®
3 weeks ago
Listing first seen on site
General Features
Acres
0.02
Cross Street
38TH
Foundation
Brick/Mortar
Parking
On Street
Property Sub Type
Triplex
Sewer
Public Sewer
Special Circumstances
Standard
SqFt Above
2499
SqFt Total
2499
Style
Other
Water Source
Public
Zoning
RM1
Interior Features
Appliances
Electric Water Heater
Basement
Other
Cooling
Central AirElectric
Furnished?
All Units
Heating
Natural GasCentral
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Exterior Features
Pool Features
None
Roof
Flat
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 Coldwell Banker Residential Brokerage - Princeton
