$3,800,000
( $274.92Per Sq Foot )
 $20,399 est/mo Sourced by Back At You

619 N 35th St,PHILADELPHIA, PA 19104

PHILADELPHIA, PA 19104

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Description

Newly constructed multifamily building in University City, just steps from Drexel and UPenn. This fully leased property offers 11 apartments with 33 bedrooms and 33 bathrooms over 1,460 SF of retail space. Each unit features private bathrooms, large living areas, and modern finishes. 10-year tax abatement. With an annual gross income of $318, operating expenses of $67k, and net income (NOI) of $251K, this property offers a strong 6.6% cap rate. Ideal for investors seeking a turnkey asset in a prime, high-demand location - UCITY - the fastest-growing rental submarket in Philadelphia, a Top-10 USA MSA (population) and Top-5 USA MSA for Life Sciences. The Eds & Meds economy powers this district and provides the community with insatiable, perennial rental demand, insulating investment properties for years to come.

Details

MLS #PAPH2586226
Listing TypeFor Sale
Sub-TypeResale
StatusActive-bright
Year1920
Days On Site233
Listing Provided ByKeller Williams Liberty Place | Or Aharon

Features

Story(s)3
Units12
ZoningCMX2
Acreage0.14
Property ViewCity

Interior

CoolingCentral A/C
Heating Yes / NoYes
HeatingCentral

Exterior

Construction MaterialsMasonry, Concrete

Parking

Garage Yes / NoNo

Utilities

UtilitiesElectric Available, Water Available

Taxes

Tax Annual Amount8000

Area Information

StatePA
CountyPHILADELPHIA PA
CityPHILADELPHIA
Zip Code19104
Area19104 (19104)
Community NameUNIVERSITY CITY
School DistrictTHE SCHOOL DISTRICT OF PHILADELP
Listing VS Median (in UNIVERSITY CITY)
Price:
$3,800,000
low | high
Med:
$3,200
100% of Average
On site:
233
low | high
Med:
52
100% of Average
Sourced by Back At You

Market Activity 19104

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Contact

Learn More About This Property

Melanie Rush

Melanie Rush

Class Harlan Real Estate

RS366007ABR, RENE, SRS (267) 987-3235melanie@classharlan.com
StatePA
CountyPHILADELPHIA PA
CityPHILADELPHIA
Zip Code19104
Area19104 (19104)
Community NameUNIVERSITY CITY
School DistrictTHE SCHOOL DISTRICT OF PHILADELP
Listing VS Median (in UNIVERSITY CITY)
Price:
$3,800,000
low | high
Med:
$3,200
100% of Average
On site:
233
low | high
Med:
52
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $2.85M - $4.75M
sqft: 0 - 0
Nearby Listings Property ImageNearby Listings Details
521 N 34TH ST Property Photo 1
$3,675,000
521 N 34th St
Philadelphia, PA 19104
Listing Updated: September 29, 2026 at 1:45:14 AM PDT