619 N 35Th Street, Philadelphia, PA 19104-1901 $3,600,000

# of Units: 2
Interior Sq. Ft: 13,822
Acreage: 0.14
Age:105 years
Taxes: $8,398
MLS#: PAPH2423062
Design/Type:
Detached

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 1,500 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 $304K, operating expense of $44K, and net income (NOI) of $260K, this property offers a strong 7.2% 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.

Taxes: $8,398
Home Assoc: No
Condo Assoc: No
Garage: N
Basement:
Pool: No Pool
School Dist: The School District Of Philadelphia

Features

Utilities
Central Heating, Electric, Central A/C, Electric, Hot Water - Electric, Public Water, Public Sewer

Garage/Parking
None

Interior
Accessibility - Level Entry - Main,

Exterior
Concrete Perimeter Foundation, , Masonry

Contact Information

Listing Courtesy of: Keller Williams Liberty Place , (609) 399-5454, klrw903@kw.com

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Listing data as of 6/30/2025.