$2,400,000

312-14 N 33RD ST, Philadelphia, PA 19104

  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1895
  • Property Lot Size Icon6,970sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon 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

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

S

Samuel Powel Elementary School

301 N 36th St, Philadelphia, PA, 19104

Grades KG-4

0.21 miles away

M

Morton McMichael School

3543 Fairmount Ave, Philadelphia, PA, 19104

Grades KG-8

0.44 miles away

P

Paul Robeson High School for Human Services

4125 Ludlow St, Philadelphia, PA, 19104

Grades 9-12

0.89 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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