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Executive Summary

223 S. 45th Street offers investors the opportunity to acquire a well-located asset in Philadelphia’s highly desirable University City submarket. Situated in the Spruce Hill neighborhood, the property benefits from immediate proximity to the University of Pennsylvania and Drexel University, driving consistent rental demand from students, faculty, and young professionals. Fully occupied with 5-units including (1) studio/1 bathroom, (2) 1 bedroom/1 bathroom; (1) 2 bedroom/2 bathroom); and (1) 3 bedroom/3 bathroom. Investment highlights include: University City location with durable rental demand; Walkable to parks, retail, and dining amenities; Strong transit connectivity to Center City and major employment hubs; and Stable cash flow and long-term appreciation in one of Philadelphia’s most resilient rental markets.

Attachments

223 S 45th St OM

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
2,430 SF
Building Class
C
Year Built/Renovated
1935/2016
Price
$1,199,995
Price Per SF
$493.83
Percent Leased
100%
Building Height
3 Stories
Building FAR
1.19
Lot Size
0.05 AC
Zoning
CMX2
Frontage
20’ on 45th St
Exceptionally walkable
100/100
Somewhat drivable
30/100
Exceptional public transit
90/100
Moderately bikeable
70/100

Nearby Major Retailers

Grocery Outlet
Toyota
Fulton Bank
Checkers
ACME
Bonchon
The Halal Guys
Just Salad
Five Guys
PNC Bank

Property Taxes

Property Taxes

Parcel Number
871127150
Land Assessment
$83,500
Improvements Assessment
$334,100
Total Assessment
$417,600
  • Listing ID: 40584829

  • Date on Market: 5/19/2026

  • Last Updated:

  • Address: 223 S 45th St, Philadelphia, PA 19104

Contact the Sale Advisor

223 S 45th St

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