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MLS: #PAPH2642862, Listed By: Katherine Wang, RE/MAX Plus, Source:Bright MLS

516 N 34th Street

PHILADELPHIA, PA 19104
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Bed 12

Bed

Bath 0

Bath

SqFt4,731

Sqft

Acres0.04

Acre(Lot)

Turnkey Student Housing Investment Near Drexel University An exceptional opportunity to acquire a fully renovated, cash-flowing student housing property in the heart of Drexel University. This turnkey investment consists of four fully leased apartments, each featuring 3 spacious bedrooms and 1 full bathroom, for a total of 12 bedrooms and 4 bathrooms. Every unit has been thoughtfully renovated with modern finishes, including hardwood flooring, stainless steel appliances, central heating and air conditioning, in-unit washers and dryers, and built-in microwaves. The oversized bedrooms and functional layouts make the property highly desirable among Drexel students, contributing to consistent occupancy and strong rental demand. The property is 100% leased for the 2026–2027 Drexel academic y ear, providing immediate, stable cash flow from day one. Investment Highlights: Four renovated 3-bedroom, 1-bath apartments Total of 12 bedrooms and 4 full bathrooms Fully leased for the 2026–2027 Drexel school year Monthly rental income: $7,700 Additional water reimbursement income: $275/month Total gross monthly income: $7,975 Modern renovations throughout all units Central heating and air conditioning In-unit washers and dryers Hardwood floors and stainless steel appliances Strong rental history in a high-demand student housing market Located just minutes from Drexel University, the University of Pennsylvania, public transportation, hospitals, restaurants, and Center City Philadelphia, this property offers an outstanding combination of reliable income, strong tenant demand, and long-term appreciation potential. Whether you're expanding an existing portfolio or acquiring your first student housing asset, this fully stabilized property presents an outstanding investment opportunity with immediate cash flow and minimal management concerns.

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Detail Ic Property Details

Property Type : Residential Income

Price : $1,250,000

AD Id : 87392269

MLS Id : PAPH2642862

Beds : 12

Lot Size : 0.04 Acre

Living Area Size : 4,731

Year Built : 2016

County : PHILADELPHIA

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Feature Features

  • Bedroom Information

    Total beds: 12

    Room Information

    Rooms Total: 12
  • Interior Features

    Appliances: Gas Range, Gas Oven, Gas Water Heater, Dryer, Refrigerator, Washer, Dishwasher, Microwave
  • Heating & Cooling

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

  • Building Information

    Year Built: 2016 Building Area Total: 4731 Pool Features: None Private Pool: No

  • Lot Information

    Lot Dimensions: 19.00 x 91.00 Lot Size Acres: 0.04 Lot Size Source: Assessor Lot Size Square Feet: 1698

  • Listing Price Information

    Listing Price: $1250000

  • Tax Information

    Parcel Number: 242152700 Tax Lot: 92 Tax Year: 2025 Annual Tax: $22914

  • Parking Information

    On Street

  • Location Information

    Direction: Right off of 34th St WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
3101 Haverford Avenue, Philadelphia, PA, 19104 $650,000 5 -- 2,304 2,304 SqFt
3108 Haverford Avenue, Philadelphia, PA, 19104 $899,900 7 -- 1,998 1,998 SqFt
651 N 33rd Street, Philadelphia, PA, 19104 $699,900 4 -- 2,969 2,969 SqFt
521 N 34th Street, Philadelphia, PA, 19104 $3,675,000 28 -- 11,700 11,700 SqFt
500 N 34th Street, Philadelphia, PA, 19104 $900,000 7 -- 3,120 3,120 SqFt
641 N 34th Street, Philadelphia, PA, 19104 $240,000 2 -- 1,004 1,004 SqFt
3414 Spring Garden Street, Philadelphia, PA, 19104 $829,000 6 -- 3,214 3,214 SqFt
3424 Wallace Street, Philadelphia, PA, 19104 $650,000 4 -- 3,672 3,672 SqFt
3602 Powelton Avenue, Philadelphia, PA, 19104 $1,250,000 7 -- 3,150 3,150 SqFt
3627 Powelton Avenue, Philadelphia, PA, 19104 $985,000 6 -- 2,712 2,712 SqFt

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 07/05/2026 @ 08:56

MLS: PAPH2642862 LISTED BY: Katherine Wang, RE/MAX Plus 215-422-3711 SOURCE: Bright MLS

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