517 N 35TH STREETPHILADELPHIA, PA 19104

Multi-Family · 2,364 Sq. ft. | 0.02 Acres
$650,000 ACTIVE

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.

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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

23
Median Age
16,705
Population Density (per sq. mile)
45%
College Educated
$28,603
Estimated Median Income
3,460
Estimated Total Home Owners
13,048
Estimated Total Renters
21% / 79%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

517 N 35TH STREET Market Data

Based on the last 30 days in this zip code

$334,006
Average List Price
$193
Average Price per Square Foot
7
Properties Sold
101
Average Days on Market
122
Properties for Sale
Calculations provided by Reliance Network

517 N 35TH STREET History

Date Event Value Agent
7/31/2025Source: BRIGHT MLS Status Change
ACTIVE
Frank DeFazio
Listing Agent
7/30/2025Source: BRIGHT MLS Added to Database
July 30, 2025
Frank DeFazio
Listing Agent
Listing provided courtesy of BHHS Fox & Roach-Center City Walnut- MLS# PAPH2522082MLS ProviderContact Information: 2156276005