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619 N 35th St
Philadelphia, PA 19104
UCITY (DREXEL) 33-BED ASSET · Multifamily Property For Sale
·
12 Units
Investment Highlights
- TURNKEY APARTMENT BUILDING
- TOP-10 USA MSA
- LOCATED BY PENN AND DREXEL
Executive Summary
This fully leased apartment building offers 11 charmingly modern apartments with 33 bedrooms and 33 bathrooms over 1,500 SF of retail space, newly constructed in University City — just steps from Drexel University and UPenn. Each unit features private bathrooms, large living areas, and modern finishes. Ideal for investors seeking a turnkey asset in a prime, high-demand location — UCITY — the fastest-growing rental submarket in Philadelphia, a Top-10 USA MSA (population and rent growth) and Top-5 USA MSA for Life Sciences. The "Eds & Meds" economy powers this district and provides the community with perennial rental demand — insulating investment multifamily properties for years to come. 10-year tax abatement. Invest today in the #1 destination in the world to visit in 2026 — Philadelphia, Pennsylvania.
Property Facts
| Price Per Unit | $316,667 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.13 AC |
| Cap Rate | 6.70% | Building Size | 12,000 SF |
| No. Units | 12 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built/Renovated | 1920/2024 |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | CMX-2 - primarily intended to accommodate active commercial and mixed-use development, including neighborhood-serving retail and service uses | ||
| Price Per Unit | $316,667 |
| Sale Type | Investment |
| Cap Rate | 6.70% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.13 AC |
| Building Size | 12,000 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1920/2024 |
| Opportunity Zone |
Yes |
| Zoning | CMX-2 - primarily intended to accommodate active commercial and mixed-use development, including neighborhood-serving retail and service uses |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Oven
- Range
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Public Transportation
- Smoke Detector
Property Taxes
| Parcel Number | 881000704 | Improvements Assessment | $1,609,740 |
| Land Assessment | $178,860 | Total Assessment | $1,788,600 |
Property Taxes
Parcel Number
881000704
Land Assessment
$178,860
Improvements Assessment
$1,609,740
Total Assessment
$1,788,600
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UCITY (DREXEL) 33-BED ASSET | 619 N 35th St