517 S 42nd St, Philadelphia, PA 19104

Philadelphia
Local realty services provided by:Mountain Realty ERA Powered
517 S 42nd St,Philadelphia, PA 19104
$1,495,000
  • 12 Beds
  • - Baths
  • 4,625 sq. ft.
  • Multi-family
  • Pending
Listed by: steven onesti
Office: kw empower
MLS#:PAPH2582910
Source:BRIGHTMLS

Price summary

  • Price:$1,495,000
  • Price per sq. ft.:$323.24

About this home

517 S 42nd Street presents an exceptional opportunity to acquire a fully renovated six-unit multifamily property in the heart of University City. Each spacious unit offers 2 bedrooms and 2 full bathrooms—an ideal layout for students, medical and young professionals seeking modern living near Philadelphia’s premier institutions. The property underwent a comprehensive renovation in 2020, including a newly constructed rear expansion, contemporary finishes, efficient floor plans, and strong rental appeal throughout. Ideally located just steps from University of Pennsylvania, Drexel University, Children’s Hospital of Philadelphia, Saint Joseph's University City Campus, Hospital of the University of Pennsylvania, and University of the Sciences, the location provides consistent tenant demand and long-term appreciation potential. Additional highlights include rare on-site parking, a tax abatement in place, and an attractive cap rate exceeding 7%, making this a stabilized, turnkey investment...

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Home facts

  • Year built:1870
  • Subdivision & Development:SPRUCE HILL
  • Listing ID #:PAPH2582910
  • Added:233 day(s) ago
  • Updated:April 01, 2026 at 07:44 AM

Rooms and interior

  • Bedrooms:12
  • Living area:4,625 sq. ft.

Heating and cooling

  • Cooling:Central A/C
  • Heating:Electric, Forced Air, Heat Pump - Electric BackUp

Structure and exterior

  • Year built:1870
  • Building area:4,625 sq. ft.
  • Lot area:0.09 Acres
  • Construction Materials:Masonry
  • Foundation Description:Stone

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,495,000
  • Price per sq. ft.:$323.24
  • Tax amount:$10,156 (2025)

Parking

  • Parking description:Surface

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