312-14 N 33RD ST, Philadelphia, PA 19104
Multi-Family Home
Built in 1895
6,970sqft lot
—— car garage
$——/sqft
Listed 2 days ago
Property Description
Rare opportunity to acquire an established portfolio of 28 units across four buildings in prime Powelton Village and Spruce Hill locations, walkable to both Drexel University and University of Pennsylvania. Stabilized, income-producing investment with value-add potential via light upgrades - proforma 7% cap rate. Portfolio price is $5,100,000 for all four buildings, or purchase separately. Grey Gables (a.k.a. 312-14 N 33rd Street) is a 10 unit building totaling 32 beds, offered at $2,400,000. Surface parking on site for 5 cars offers an extra income source, or could be redeveloped in the future to add additional units. Benefit from a strong tenant base derived from University of Pennsylvania's full-time student population of 23,948 (up 1.65% YOY), as well as 39,000+ individuals employed by University of Pennsylvania, and an overall population of more than 100,000 residents between the 19104 and 19139 zip codes. As the pipeline of multifamily deliveries in Philadelphia continues to dwindle, demand is expected to outpace supply, driving further rental growth in 2025-2026, presenting a unique opportunity for investors to acquire a high-quality, income-producing asset with significant long-term upside. Offering memorandum available upon request.
- Listing Status:
- Active
- Listing Office:
- Select Commercial Advisors : 2153153326
- Listing Agent:
- Samantha Lee Miller : 2153153326
- MLS ID:
- PAPH2518662

- A/C: Window Unit(s)
- Heating: Hot WaterRadiatorNatural Gas
- Disability Feature: None
This listing courtesy of Samantha Lee Miller, Select Commercial Advisors
Monthly Payment
- Principal & Interest $
- Property Taxes $
- Home Insurance $
- VA Funding Fee $
Location
Schools Nearby
Samuel Powel Elementary School
301 N 36th St, Philadelphia, PA, 19104
Grades KG-4
0.21 miles away
Morton McMichael School
3543 Fairmount Ave, Philadelphia, PA, 19104
Grades KG-8
0.44 miles away
Paul Robeson High School for Human Services
4125 Ludlow St, Philadelphia, PA, 19104
Grades 9-12
0.89 miles away