517 N 35th St, Philadelphia, PA 19104
Local realty services provided by:Mountain Realty ERA Powered
517 N 35th St,Philadelphia, PA 19104
$650,000
- 8 Beds
- - Baths
- 2,364 sq. ft.
- Multi-family
- Active
Listed by:frank l defazio
Office:bhhs fox & roach-center city walnut
MLS#:PAPH2522082
Source:BRIGHTMLS
Price summary
- Price:$650,000
- Price per sq. ft.:$274.96
About this home
Turnkey Investment Opportunity! CASH COW in Powelton Village - 517 N. 35th Street is an income-producing, multifamily property located in the heart of Powelton Village. This well-maintained building features 8 self-contained studios, each with its own kitchenette and private bathroom, a low-maintenance, high-demand rental configuration ideal for the student rental and young professional tenant base. The property is currently grossing $80,940 annually, delivering strong, stable cash flow with potential upside through targeted improvements or rental increases. The layout includes 2 rooms on the first floor, 3 rooms on the second floor, and 3 rooms on the third floor. The building is fully leased and respectfully managed. All tenants pay separately for electric, internet and the landlord is responsible for water and common area electric. Located just blocks from Drexel University, the University of Pennsylvania, and Powelton Village, this asset benefits from strong demand from students, young professionals, and medical staff. It’s walkable to campus, SEPTA transit lines, restaurants, and local amenities. Buyer is responsible for verifying any and all zoning, licensure, and usage requirements with the City of Philadelphia.
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Home facts
- Year built:1930
- Listing ID #:PAPH2522082
- Added:67 day(s) ago
- Updated:October 06, 2025 at 01:37 PM
Rooms and interior
- Bedrooms:8
- Living area:2,364 sq. ft.
Heating and cooling
- Cooling:Central A/C
- Heating:Forced Air, Natural Gas
Structure and exterior
- Year built:1930
- Building area:2,364 sq. ft.
- Lot area:0.02 Acres
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$650,000
- Price per sq. ft.:$274.96
- Tax amount:$11,296 (2024)
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