Property
Philadelphia, PA 19104 619 N 35Th Street
$3,750,000
12 more
Presented By: Keller Williams Liberty Place
SQFT • 13,822
Home Details
We proudly present a Newly constructed multifamily building in University City, just steps from Drexel and UPenn. This fully leased property offers 11 residential units with 33 bedrooms and 33 bathrooms, plus 1,500 SF of retail space. Every unit features private bathrooms, large living areas, and modern finishes. Includes a 10-year tax abatement. With an annual gross income of $302,448, operating expenses of $52,972, and a net income of $249,475, this property offers a strong 6.653% cap rate. Ideal for investors seeking a turnkey asset in a prime, high-demand rental market.
Presented By: Keller Williams Liberty Place
Interior Features for 619 N 35Th Street
Bathrooms
Total Restrooms35
Other Interior Features
Central Air Y/NYes
Heating FuelElectric
Heating Y/NYes
Hot WaterElectric
Total Stories3
General for 619 N 35Th Street
Acceptable FinancingCash, Other, Conventional
AccessibilityOther, Level Entry - Main
Business TypeApartment Building
Cap Rate6.65
CityPHILADELPHIA
Construction MaterialsMasonry
Cool FuelElectric
CoolingCentral A/C
CountyPHILADELPHIA
Directionsuse gps
DisclosuresUnder Lease
Gross Income302448.00
HeatingCentral
Lot Size Square Feet6000.00
Lot Size UnitsSquare Feet
MLS Area19104 (19104)
ModificationTimestamp2025-04-08T14:20:40
MunicipalityPHILADELPHIA
Net Operating Income249475.00
New ConstructionNo
Number Of Units Total12
OwnershipFee Simple
Possession0-30 Days CD, 31-60 Days CD, 61-90 Days CD, Settlement
Possible UseApartments, Apartment Building, Multi-Family, Mixed Use
Price Per Sq Ft Total AG271.31
Property SubtypeFive Or More Units
Property TypeCommercial Sale
SewerPublic Sewer
Standard StatusActive
StatusACTIVE
Tax Annual Amount8398.0
Tax Assessed Value600000.0
Tax Year2024
Vacation Rental Y/NNo
Water Access Y/NNo
Waterfront Y/NNo
Year Built1920
Year Built SourceAssessor
ZoningCMX2
Exterior for 619 N 35Th Street
Building Area Total13822.00
Land Assessed Value120000.00
Land Use CodeY30
Lot Dimensions60.00 x 100.00
Lot Size Acres0.14
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Navigable Water Y/NNo
Total Loading Docks0
Total Parking Spaces0
Type of ParkingNone
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo
Additional Details
Price History
Ebonie Clerier
Associate