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1829 N 33rd St 4 Unit Apartment Building $680,000 ($170,000/Unit) 6.50% Cap Rate Philadelphia, PA 19121
Investment Highlights
- Upgraded quadruplex in the Strawberry Mansion neighborhood with four residential units currently leased, offering turnkey rental income potential.
- Recently updated with original details retained, including exposed brick accents, alongside conveniences like an enclosed front porch and rear yard.
- Excellent connectivity to public transportation, Center City Philadelphia, and nearby retail and dining options such as Aldi and local restaurants.
- Diverse unit mix includes a spacious two-bedroom apartment, two one-bedroom apartments, and a bi-level three-bedroom unit with a private roof deck.
- Prime location near Fairmount Park, The Discovery Center, and major recreational spaces, providing easy access to outdoor amenities.
Executive Summary
MPN Realty, Inc., is proud to present the exclusive sale of 1829 N 33rd Street, a 3,271 SF multifamily property located in the Strawberry Mansion neighborhood of Philadelphia.
This three-story building consists of five (5) residential units, including three (3) 1 bedroom/1-bath units, one (1) 2-bedroom/2-bath unit, and one (1) 3-bedroom/2-bath
unit. The property is currently licensed for four (4) units, presenting a unique opportunity for an owner-occupant. The 5th unit is not part of the zoning nor is licensed. Situated
in rapidly developing area with close proximity to Fairmount Park and Center City, Strawberry Mansion continues to see increased investor interest driven by strong rental demand and neighborhood growth. 20.08’
This three-story building consists of five (5) residential units, including three (3) 1 bedroom/1-bath units, one (1) 2-bedroom/2-bath unit, and one (1) 3-bedroom/2-bath
unit. The property is currently licensed for four (4) units, presenting a unique opportunity for an owner-occupant. The 5th unit is not part of the zoning nor is licensed. Situated
in rapidly developing area with close proximity to Fairmount Park and Center City, Strawberry Mansion continues to see increased investor interest driven by strong rental demand and neighborhood growth. 20.08’
Financial Summary (Actual - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $680,000 | Apartment Style | Hi-Rise |
| Price Per Unit | $170,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.04 AC |
| Cap Rate | 6.50% | Building Size | 3,271 SF |
| No. Units | 4 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1915 |
| Property Subtype | Apartment | ||
| Zoning | RM-1 - Residential Multi-Family-1 | ||
| Price | $680,000 |
| Price Per Unit | $170,000 |
| Sale Type | Investment |
| Cap Rate | 6.50% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Hi-Rise |
| Building Class | C |
| Lot Size | 0.04 AC |
| Building Size | 3,271 SF |
| No. Stories | 3 |
| Year Built | 1915 |
| Zoning | RM-1 - Residential Multi-Family-1 |
Exceptionally walkable
90/100
Fairly drivable
50/100
Strong public transit
80/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 323340100 | Improvements Assessment | $237,120 (2027) |
| Land Assessment | $59,280 (2027) | Total Assessment | $296,400 (2027) |
Property Taxes
Parcel Number
323340100
Land Assessment
$59,280 (2027)
Improvements Assessment
$237,120 (2027)
Total Assessment
$296,400 (2027)
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