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Pumsu Lim

stagesite-2.test@chime.me +1(506) 970-3459

$ 600,000

Est. payment | -/mo

6 Beds

2 Baths

1,350 SqFt

Save

$ 600,000

Est. payment | -/mo

Save

6 Beds

2 Baths

1,350 SqFt

Key Details

Property Type Townhouse

Sub Type Twin/Semi-Detached

Listing Status Active

Purchase Type For Sale

Square Footage 1,350 sqft

Price per Sqft $444

Lot Size 1,672 Sqft

MLS Listing ID PAPH2595382

Style Other,A-Frame

Subdivision Powelton Village

Bedrooms 6

Full Baths 2

Short Sale No

HOA Y/N N

Originating MLS BRIGHT

Property Description

Income-producing student rental opportunity in the heart of Powelton Village near Drexel University. 416 N 31st Street is a 6-bedroom, 2-bath property fully leased through August 31, 2026 at $4,600 per month, offering stable rental income in a highly desirable university neighborhood. The home offers a practical layout designed for student housing with large bedrooms, shared living areas, a full kitchen, and two full bathrooms. Its close proximity to Drexel University, the University of Pennsylvania, public transportation, and neighborhood amenities ensures strong and consistent rental demand. The property has experienced 100% occupancy with no meaningful vacancy history, making it a reliable investment opportunity. With low operating expenses, low property taxes, and low insurance costs, this property offers investors strong cash-flow potential in one of Philadelphia's most established student rental markets.
Current Lease: $4,600/month through 8/31/2026. Annual Gross Rent: $55,200. Offered at $600,000

Location

State PA

County Philadelphia

Area 19104 (19104)

Zoning RM1

Rooms

Basement Full

Main Level Bedrooms 6

Interior

Hot Water Other

Heating Other

Cooling Other

Fireplace N

Heat Source Electric

1-purchase type For Sale

Exterior

Waterfront N

Water Access N

Accessibility None

Parking Type Off Street

Building

New Construction N

Story 3

Foundation Other

Lot Dimensions 21.00 x 80.00

Sewer Public Sewer

Water Public

Architectural Style Other, A-Frame

Story 3

Additional Building Above Grade, Below Grade

Schools

School District Philadelphia City

Others

Senior Community No

Tax Amount $6,916

Tax Year 2025

Tax ID 241207500

Ownership Fee Simple

SqFt Source 1350

Special Sale Standard

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Listed by Frank DeFazio • BHHS Fox & Roach-Center City Walnut

416 N 31ST ST Philadelphia, PA 19104