Log In/Sign Up
Your email has been sent.
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.
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
Property Taxes
| Parcel Number | 871127150 | Improvements Assessment | $334,100 |
| Land Assessment | $83,500 | Total Assessment | $417,600 |
Property Taxes
Parcel Number
871127150
Land Assessment
$83,500
Improvements Assessment
$334,100
Total Assessment
$417,600
1 of 4
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Contact the Sale Advisor
223 S 45th St



