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401 N 33 Rd St

$875,000

401 N 33 Rd St, Philadelphia, PA 19104

Active
Last Updated: 10/01/2025

3,348 sqft

Building Size

1920

Year Built

Details:
Building Size:    3,348 sqft
Year Built:    1920
Price Per Sqft:    $261.35
Zoning:    RTA1
Highlights:
  • Days on Market: 70
  • Heating: Hot Water, Radiator
Description:

Rare opportunity to acquire an established portfolio of 28 units (52 Beds) 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 7.3% cap rate. Portfolio price is $5,100,000 for all four buildings, or purchase separately. 401 North 33rd Street is a 6 unit building (3 x 1 bed units, 2 x 2 bed units, 1 x studio unit), offered at $875,000. 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.

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