$ 1,495,000
-
$1,495,000
Price -
12
Bed -
12
Bath -
4,625
SqFt
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About the Listing KWEMPWR - 3361434
517 S 42nd Street presents an exceptional opportunity to acquire a fully renovated six-unit multifamily property in the heart of University City. Each spacious unit offers 2 bedrooms and 2 full bathrooms—an ideal layout for students, medical and young professionals seeking modern living near Philadelphia’s premier institutions. The property underwent a comprehensive renovation in 2020, including a newly constructed rear expansion, contemporary finishes, efficient floor plans, and strong rental appeal throughout. Ideally located just steps from University of Pennsylvania, Drexel University, Children’s Hospital of Philadelphia, Saint Joseph's University City Campus, Hospital of the University of Pennsylvania, and University of the Sciences, the location provides consistent tenant demand and long-term appreciation potential. Additional highlights include rare on-site parking, a tax abatement in place, and an attractive cap rate exceeding 7%, making this a stabilized, turnkey investment opportunity in one of Philadelphia’s strongest and most desirable rental submarkets.
Listing Highlights
Status
Active With Contingency
Days on Site
38
Property Type
Multi-Family
MLS ®
PAPH2582910
Year Built
1870
Total Square Footage
4,625
Lot/Acreage
0.09
County
Philadelphia
Neighborhood
Spruce Hill
Area
19104 (19104)
School District
The School District Of Philadelphia
Interior Details
- Bedrooms: 12
- Bathrooms: 12 Full
- Appliances:
- Air Cond: Central A/C
- Heating: Forced Air,Heat Pump - Electric BackUp
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 4625
- Below Ground Sq Ft: 0
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Parking Spaces: 3
- Lot Dimensions: 25.00 x 159.00
- Zoning: RTA1
- Roof:
- Others:
- Sewer: Public Sewer
- Parking Features: Surface,Driveway,3+ Spaces,2+ Spaces,1+ Spaces
Financial Details
- Tax Amount: $10,156
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
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Questions About..
517 S 42nd St Philadelphia, PA 19104
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