PA > Philadelphia > Powelton Village
Philadelphia, PA 19104,401 N 33RD ST
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Philadelphia, PA 19104,401 N 33RD ST
Philadelphia, PA 19104,401 N 33RD ST
Philadelphia, PA 19104,401 N 33RD ST
Philadelphia, PA 19104,401 N 33RD ST
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Traudel Lange

Traudel Lange

+1(240) 463-6918
Listed by Samantha Lee Miller • Select Commercial Advisors
$ 875,000
Est. payment /mo
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401 N 33RD ST Philadelphia, PA 19104

3,348 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 3,348 sqft

Price per Sqft $261

Subdivision Powelton Village

MLS Listing ID PAPH2520394

Year Built 1920

Annual Tax Amount $9,533

Tax Year 2025

Lot Size 3,150 Sqft

Acres 0.07

Lot Dimensions 30.00 x 105.00

Property Sub-Type Five Or More Units

Source BRIGHT

Property 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.

Location

State PA

County Philadelphia

Area 19104 (19104)

Zoning RTA1

Interior

Hot Water Natural Gas

Heating Hot Water, Radiator

Cooling Window Unit(s)

Heat Source Natural Gas

Exterior

Water Access N

Accessibility None

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Philadelphia City

Others

Tax ID 881810500

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Standard

Bright MLS (BMLS)
agent

Traudel Lange

+1(240) 463-6918

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401 N 33RD ST