517 N 35TH STREET Overview
- Time on Site:
- 335 days
- Visits:
- 53
Turnkey Investment Opportunity! CASH COW in Powelton Village - 517 N. 35th Street is an income-producing, multifamily property located in the heart of Powelton Village. This well-maintained building features 8 self-contained studios, each with its own kitchenette and private bathroom, a low-maintenance, high-demand rental configuration ideal for the student rental and young professional tenant base. The property is currently grossing $80,940 annually, delivering strong, stable cash flow with potential upside through targeted improvements or rental increases. The layout includes 2 rooms on the first floor, 3 rooms on the second floor, and 3 rooms on the third floor. The building is fully leased and respectfully managed. All tenants pay separately for electric, internet and the landlord is responsible for water and common area electric. Located just blocks from Drexel University, the University of Pennsylvania, and Powelton Village, this asset benefits from strong demand from students, young professionals, and medical staff. It's walkable to campus, SEPTA transit lines, restaurants, and local amenities. Buyer is responsible for verifying any and all zoning, licensure, and usage requirements with the City of Philadelphia.
517 N 35TH STREET Facts & Features
- Type Multi-Family
- Sq. ft. 2,364
- Price/Sq.ft. $275
- Lot 0.02 Acres
Details
General
Listing Information
- Real Estate Owned: No
- Short Sale: No
Building Information
- New Construction: No
- Pool: No Pool
- Total SQFT: 2364
- Year Built: 1930
Location/Region
- Country: US
- County: PHILADELPHIA
- County Or Parish: PHILADELPHIA
- MLS Area Major: 19104 (19104)
Parking Information
- Type of Parking: On Street
Tax Information
- City/Town Tax: 4970.00
- City/Town Tax Payment Frequency: Annually
- County Tax Payment Frequency: Annually
- School Tax: 6326.00
- Tax Annual Amount: $11,296.00
- Tax Assessed Value: 807000.00
- Tax Year: 2024
General Information
- Property Sub Type: Other
- Property Type: Multi-Family
- School District Name: PHILADELPHIA CITY
- Special Listing Conditions: Standard
- Vacation Rental: No
- Year Assessed: 2025
- Zoning: CMX1
Interior
Building Information
- Cooling Fuel: Other
- Heating Fuel: Natural Gas
Parking Information
- Garage: No
Building Exterior/Construction
- Structure Type: Interior Row/Townhouse
Building Interior
- Above Grade Finished Area: 2364
- Above Grade Finished Area Source: Assessor
- Above Grade Finished Area Units: Square Feet
- Below Grade Finished Area: 0
- Below Grade Finished Area Source: Assessor
- Below Grade Finished Area Units: Square Feet
- Central Air: Yes
- Hot Water: Natural Gas
General Information
- Accessibility Features: None
- Cooling: Central A/C
- Fireplace: No
- Foundation Details: Other
- Living Area: 2364
- Living Area Source: Assessor
Unit Information
- One Bedroom Units Count: 0
- Single Room Units Count: 0
- Three Bedroom Units Count: 2
- Two Bedroom Units Count: 1
Exterior
Lot Information
- Lot Dimensions Source: Assessor
- Lot Size Dimensions: 18.00 x 55.00
- Lot Size Source: Assessor
- Lot Size Square Feet: 963.00
- Lot Size Units: Square Feet
- Water Source: Public
Waterfront/View
- Water Oriented: No
- Water View: No
- Waterfront: No
Building Exterior/Construction
- Architectural Style: Other
- Construction Materials: Masonry
General Information
- Number Of Units Total: 3
- Other Structures: Above Grade,Below Grade
- Sewer: Public Sewer
- Water Access: No
517 N 35TH STREET Neighborhood
Community
19104 (PHILADELPHIA) Demographics
517 N 35TH STREET Monthly Cost
517 N 35TH STREET Market Data
Based on the last 30 days in this zip code
517 N 35TH STREET History
| Date | Value | Agent |
|---|---|---|
| 7/31/2025Source: BRIGHT MLS | ACTIVE |
Frank DeFazio Listing Agent |
| 7/30/2025Source: BRIGHT MLS | July 30, 2025 |
Frank DeFazio Listing Agent |
Contact Information: 2156276005

