Property

Philadelphia, PA 19104 312 N 33Rd Street

312 N 33Rd Street Philadelphia, PA - Image 1312 N 33Rd Street Philadelphia, PA - Image 2312 N 33Rd Street Philadelphia, PA - Image 3
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312 N 33Rd Street Philadelphia, PA - Image 4312 N 33Rd Street Philadelphia, PA - Image 5312 N 33Rd Street Philadelphia, PA - Image 6312 N 33Rd Street Philadelphia, PA - Image 7312 N 33Rd Street Philadelphia, PA - Image 8312 N 33Rd Street Philadelphia, PA - Image 9312 N 33Rd Street Philadelphia, PA - Image 10312 N 33Rd Street Philadelphia, PA - Image 11312 N 33Rd Street Philadelphia, PA - Image 12312 N 33Rd Street Philadelphia, PA - Image 13312 N 33Rd Street Philadelphia, PA - Image 14
Presented By: Select Commercial Advisors
  • MLS# PAPH2518662
  • 07/21/2025
  • Request Tour
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  • SQFT • 13,055

Home Details

Rare opportunity to acquire an established portfolio of 28 units (52 beds) across four buildings in prime Powelton Village and Spruce Hill locations, walkable to both Drexel University and University of Pennsylvania. Stabilized, income-producing investment with value-add potential via light upgrades - proforma 7.3% cap rate. Portfolio price is $5,100,000 for all four buildings, or purchase separately. Grey Gables (a.k.a. 312-14 N 33rd Street) is a 10 unit building totaling 32 beds, offered at $2,400,000. Surface parking on site for 5 cars offers an extra income source, or could be redeveloped in the future to add additional units. Benefit from a strong tenant base derived from University of Pennsylvania's full-time student population of 23,948 (up 1.65% YOY), as well as 39,000+ individuals employed by University of Pennsylvania, and an overall population of more than 100,000 residents between the 19104 and 19139 zip codes. As the pipeline of multifamily deliveries in Philadelphia continues to dwindle, demand is expected to outpace supply, driving further rental growth in 2025-2026, presenting a unique opportunity for investors to acquire a high-quality, income-producing asset with significant long-term upside. Offering memorandum available upon request.
Presented By: Select Commercial Advisors

Interior Features for 312 N 33Rd Street

Other Interior Features

Central Air Y/NNo
Heating FuelNatural Gas
Heating Y/NYes
Hot WaterNatural Gas

General for 312 N 33Rd Street

AccessibilityNone
Business TypeApartment Building
CityPHILADELPHIA
Construction MaterialsMasonry
Cool FuelNone
CoolingWindow Unit(s)
CountyPHILADELPHIA
DirectionsGoogle Maps
HeatingHot Water, Radiator
Lot Size Square Feet6900.00
Lot Size UnitsSquare Feet
MLS Area19104 (19104)
ModificationTimestamp2025-07-23T16:11:58
MunicipalityPHILADELPHIA
New ConstructionNo
Number Of Units Total10
OwnershipFee Simple
PossessionImmediate
Price Per Sq Ft Total AG183.84
Property SubtypeFive Or More Units
Property TypeCommercial Sale
SewerPublic Sewer
Standard StatusActive
StatusACTIVE
Subdivision NamePOWELTON VILLAGE
Tax Annual Amount23516.0
Tax Assessed Value1680000.0
Tax Lot83
Tax Year2024
Vacation Rental Y/NNo
Water Access Y/NNo
Year Built1895
Year Built SourceAssessor
ZoningRTA1

Exterior for 312 N 33Rd Street

Building Area Total13055.00
Car Parking Spaces5
Land Assessed Value504000.00
Land Use CodeCA0
Lot Dimensions60.00 x 115.00
Lot Size Acres0.16
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Navigable Water Y/NNo
Parking FeaturesSurface
Total Loading Docks0
Total Parking Spaces5
Type of ParkingParking Lot
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo
Waterfront Y/NNo

Additional Details

Price History

Charles Torres

Owner
Price $2,400,000
MLS#PAPH2518662
List Date 07/21/2025
Property Type Commercial
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