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MLS: #PAPH2657450, Listed By: Joseph Loonstyn, Loonstyn Brothers Realty LLC, Source:Bright MLS

517 N 35th Street

PHILADELPHIA, PA 19104
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Bed 8

Bed

Bath 0

Bath

SqFt2,364

Sqft

Acres0.02

Acre(Lot)

Income-Producing Investment Opportunity in Powelton Village – Loonstyn Brothers Realty LLC is pleased to present 517 N. 35th Street, an investment property located in the heart of Powelton Village, one of Philadelphia's strongest and most sought-after rental markets. The property is currently configured and operated with eight occupied studio-style units, each featuring a private kitchenette and bathroom, creating an efficient layout that has consistently attracted students, young professionals, and medical employees in the surrounding University City area. The property currently generates approximately $72,000 in annual gross rental income and offers investors immediate cash flow with additional upside through mark-to-market rents as units naturally turn over. The current layout consists of two studio-style units on the first floor, three on the second floor, and three on the third floor, providing an efficient and easily managed configuration. Tenants are responsible for their own electric and internet service, while ownership pays for water and common area electric. Ideally located just minutes from Drexel University, the University of Pennsylvania, Penn Medicine, CHOP, public transportation, neighborhood retail, restaurants, and major employment centers, the property benefits from one of Philadelphia's most resilient rental markets with strong long-term housing demand. Prospective purchasers are encouraged to conduct their own independent due diligence regarding zoning, licensing, certificates of occupancy, permitted uses, and all other municipal requirements.

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Detail Ic Property Details

Property Type : Residential Income

Price : $600,000

AD Id : 89262859

MLS Id : PAPH2657450

Beds : 8

Lot Size : 0.02 Acre

Living Area Size : 2,364

Year Built : 1930

County : PHILADELPHIA

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Feature Features

  • Bedroom Information

    Total beds: 8
  • Interior Features

    Appliances: Gas Water Heater
  • Heating & Cooling

    Has Heating: Yes Heating: Natural Gas, Forced Air Has Cooling: Yes Cooling: Central Air

  • Building Information

    Year Built: 1930 Building Area Total: 2364 Pool Features: None Private Pool: No

  • Lot Information

    Lot Dimensions: 18.00 x 55.00 Lot Size Acres: 0.02 Lot Size Source: Assessor Lot Size Square Feet: 963

  • Listing Price Information

    Listing Price: $600000

  • Tax Information

    Parcel Number: 242159900 Tax Lot: 133 Tax Year: 2026 Annual Tax: $8629

  • Parking Information

    On Street

  • Location Information

    Direction: GPS WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
427 N 33rd Street, Philadelphia, PA, 19104 $499,000 6 6 2,976 2,976 SqFt
433 N 33rd Street, Philadelphia, PA, 19104 $399,985 5 2 2,005 2,005 SqFt
723 N Shedwick Street, Philadelphia, PA, 19104 $199,000 2 2 1,111 1,111 SqFt
714 N Shedwick Street, Philadelphia, PA, 19104 $199,000 2 2 1,203 1,203 SqFt
3817 Hamilton Street, Philadelphia, PA, 19104 $529,000 6 3 2,047 2,047 SqFt
860 N 40th Street, Philadelphia, PA, 19104 $1,100,000 5 2 12,000 12,000 SqFt
4401-4427 Lancaster Ave.., Philadelphia, PA, 19104 $875,000 -- -- --

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ByOwner last updated this listing 08/12/2026 @ 10:32

MLS: PAPH2657450 LISTED BY: Joseph Loonstyn, Loonstyn Brothers Realty LLC 267-252-0223 SOURCE: Bright MLS

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