651 N 33rd St, Philadelphia, PA 19104
Local realty services provided by:ERA Martin Associates
651 N 33rd St,Philadelphia, PA 19104
$749,900
- 4 Beds
- - Baths
- 2,969 sq. ft.
- Multi-family
- Active
Listed by: aaron alexander jones
Office: iron valley real estate exton
MLS#:PAPH2576796
Source:BRIGHTMLS
Price summary
- Price:$749,900
- Price per sq. ft.:$252.58
About this home
Welcome to 651 N 33rd Street. An exceptional triplex opportunity for investors, owner occupants or college parents seeking to house their student while building equity and generating income. With proximity to Drexel & UPenn, parents can provide secure housing for their child in one unit while the remaining units cover the mortgage and expenses.
Unit 1 and 2 are both 2 bedroom, 1 bath each occupied on yearly leases at $1450 a month . Unit 3 is a vacant 5 bedroom, 3 bathroom unit which was most recently owner-occupied with individual room rentals. This versatile 3rd unit includes a self-contained efficiency with its own mini kitchen and private bath, ideal for maximizing rental income. Historic room rental rates have been $900, $800, $700, $700, and $650 per month, providing a monthly income of $3,750 from this unit alone.
Comprehensively renovated in 2017, this turnkey property combines immediate cash flow with significant tax savings. Historic gross annual income is $79,800. Annual operating expenses total approximately $13,602. Net Operating Income (NOI): $66,175, representing an attractive return for investors seeking cash-flowing real estate with minimal management required. The remaining tax abatement period provides substantial cost savings over the next two years, further enhancing returns....
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Home facts
- Year built:1935
- Listing ID #:PAPH2576796
- Added:113 day(s) ago
- Updated:May 21, 2026 at 01:41 PM
Rooms and interior
- Bedrooms:4
- Living area:2,969 sq. ft.
Heating and cooling
- Cooling:Central A/C
- Heating:Electric, Forced Air, Heat Pump(s), Natural Gas
Structure and exterior
- Year built:1935
- Building area:2,969 sq. ft.
- Lot area:0.04 Acres
- Construction Materials:Masonry
- Exterior Features:Deck(s), Porch(es)
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$749,900
- Price per sq. ft.:$252.58
- Tax amount:$2,423 (2025)
Features and amenities
- Amenities:Electric Available, Natural Gas Available
Parking
- Parking description:On Street
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