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MLS: #PAPH2671590, Listed By: Reda Akbil, Compass Pennsylvania, LLC, Source:Bright MLS

717 N 35th Street

PHILADELPHIA, PA 19104
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Bed 15

Bed

Bath 0

Bath

SqFt4,200

Sqft

Acres0.09

Acre(Lot)

Welcome to 717 N 35th Street, a newer-construction five-unit multifamily investment opportunity located in Philadelphia’s University City market. Built in 2023, this fully occupied asset offers investors immediate stabilized income, modern construction, and approximately seven years remaining on Philadelphia’s tax abatement, creating an attractive combination of current cash flow, low near-term capital expenditure exposure, a turnkey asset, and long-term investment potential. The property consists of five occupied residential units, is currently fully leased, and generates $10,854 per month All residents currently participate in the Section 8 Housing Choice Voucher Program, . PHA payments represent approximately 66% of the property’s current base rental income, providing an established i ncome structure with guaranteed rent, while offering investors exposure to one of Philadelphia’s strongest rental markets. Built only a few years ago, 717 N 35th Street provides the advantages of newer construction, modern building systems, contemporary residential layouts, and substantially less deferred maintenance than much of Philadelphia’s  multifamily inventory. The property is already stabilized and occupied, allowing a new owner to acquire an income-producing asset from day 1 without assuming the renovation and lease-up risk commonly associated with value-add multifamily investments. Located near University City, the property benefits from convenient access to major universities, hospitals, employment centers, public transportation, Center City, and the continued residential and institutional investment occurring throughout West Philadelphia. Whether completing a 1031 exchange, expanding an existing Philadelphia multifamily portfolio, or acquiring a stabilized newer-construction rental property, 717 N 35th Street presents an opportunity to acquire a fully occupied five-unit asset generating approximately $130,248 in annual income with low expenses and guaranteed Section 8 tenancy, newer construction, and approximately seven years remaining on its tax abatement.

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Detail Ic Property Details

Property Type : Residential Income

Price : $1,600,000

AD Id : 91544820

MLS Id : PAPH2671590

Beds : 15

Lot Size : 0.09 Acre

Living Area Size : 4,200 Sq. Ft

Tax Amount : $4,315

Year Built : 2024

County : PHILADELPHIA

Subdivision: Mantua

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Feature Features

  • Bedroom Information

    Total beds: 15
  • Flooring Information

    Vinyl
  • Interior Features

    Recessed Lighting, Soaking Tub Appliances: Oven, Electric Range, Electric Oven, Stainless Steel Appliance(s), Microwave, Water Heater, Refrigerator, Dishwasher, Dryer, Washer, ENERGY STAR Qualified Refrigerator, ENERGY STAR Qualified Dishwasher, ENERGY STAR Qualified Water Heater
  • Heating & Cooling

    Has Heating: Yes Heating: Electric, Forced Air Has Cooling: Yes Cooling: Central Air, Electric

  • Building Information

    Year Built: 2024 Building Area Total: 4200 Construction Materials: Aluminum Siding, Other Pool Features: None Private Pool: No

  • Lot Information

    Lot Size Acres: 0.09 Lot Size Source: Estimated Lot Size Square Feet: 2031

    Property Information

    Subdivision: MANTUA Source Property Type: Residential Income Property SubType: Townhouse Property Age: 2

  • Listing Price Information

    Listing Price: $1600000

  • Tax Information

    Parcel Number: 881822867 Tax Lot: 20 Tax Year: 2026 Annual Tax: $4315

  • Parking Information

    None

  • Location Information

    Direction: Google and Apple Maps WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
427 N 33rd Street, Philadelphia, PA, 19104 $469,000 6 6 2,976 0.04 Acre
517 N 35th Street, Philadelphia, PA, 19104 $579,000 8 -- 2,364 0.02 Acre
3834 Lancaster Avenue, Philadelphia, PA, 19104 $400,000 6 -- 1,822 0.02 Acre
3836 Lancaster Avenue, Philadelphia, PA, 19104 $400,000 6 -- 1,770 0.02 Acre
753 N Union Street, Philadelphia, PA, 19104 $100,000 3 1 1,080 0.03 Acre
860 N 40th Street, Philadelphia, PA, 19104 $1,100,000 5 2 12,000 0.14 Acre
17 S 45th Street, Philadelphia, PA, 19104 $289,000 2 -- 900 0.02 Acre
4401-4427 Lancaster Ave.., Philadelphia, PA, 19104 $875,000 -- -- -- 0.23 Acre

The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which ByOwner participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have closed or are no longer being offered for sale. Information Deemed Reliable But Not Guaranteed. Copyright © 2026 Bright MLS. All rights reserved.

ByOwner last updated this listing 10/06/2026 @ 14:40

MLS: PAPH2671590 LISTED BY: Reda Akbil, Compass Pennsylvania, LLC 267-435-8015 SOURCE: Bright MLS

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