416 N 31st St, Philadelphia, PA 19104

Philadelphia
Local realty services provided by:ERA Central Realty Group
416 N 31st St,Philadelphia, PA 19104
$600,000
  • 6 Beds
  • 2 Baths
  • 1,350 sq. ft.
  • Single family
  • Active
Listed by: frank l defazio
Office: bhhs fox & roach-center city walnut
MLS#:PAPH2595382
Source:BRIGHTMLS

Price summary

  • Price:$600,000
  • Price per sq. ft.:$444.44

About this home

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....

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Home facts

  • Year built:1920
  • Listing ID #:PAPH2595382
  • Added:12 day(s) ago
  • Updated:March 31, 2026 at 01:32 PM

Rooms and interior

  • Bedrooms:6
  • Total bathrooms:2
  • Full bathrooms:2
  • Basement:Yes
  • Basement Description:Full
  • Living area:1,350 sq. ft.

Heating and cooling

  • Heating:Electric

Structure and exterior

  • Year built:1920
  • Building area:1,350 sq. ft.
  • Lot area:0.04 Acres
  • Architectural Style:A-Frame
  • Construction Materials:Masonry
  • Levels:3 Story

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$600,000
  • Price per sq. ft.:$444.44
  • Tax amount:$6,916 (2025)

Parking

  • Parking description:Off Street

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