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MLS: #PAPH2674854, Listed By: Jania Daniels, Real of Pennsylvania, Source:Bright MLS

704 N Preston Street

PHILADELPHIA, PA 19104
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Bed 4

Bed

Bath 0

Bath

SqFt1,896

Sqft

Acres0.04

Acre(Lot)

UPDATED TRIPLEX IN WEST PHILADELPHIA | 3 UNITS | 5 BEDROOMS | 4 BATHROOMS | INCOME PRODUCING | NEAR DREXEL UNIVERSITY & UPENN Welcome to 704 N. Preston St., Philadelphia, PA 19104, a beautifully refreshed triplex offering an exciting combination of updated living space, rental income, flexibility, and an incredible location near Philadelphia's renowned universities and University City. This property has experienced significant improvements since its previous listing, creating an opportunity that is worth seeing in person. The front facade has been completely refreshed in a beautiful blue color, giving the property a distinctive and welcoming appearance. The rear yard has also been completely cleaned and improved, creating a more enjoyable outdoor space for residents. One of the most sig nificant improvements is the first floor, which has been transformed into a spacious 3 bedroom, 2 bathroom residence. This unit is currently being successfully utilized as a furnished mid term rental through Airbnb, serving students and other guests seeking convenient housing close to Philadelphia's major universities. The property currently generates $4,365 per month in rental income, providing a current annualized rental figure of $52,380. Current Rent Roll Apt A generates $2,000 per month through Airbnb Apt B generates $1,250 per month Apt C generates $1,115 per month With three separate units, this property provides flexibility for an investor, owner occupant, or buyer looking to combine personal use with rental income. The first floor offers the opportunity to live in a spacious 3 bedroom, 2 bathroom residence while collecting rental income from the two additional units. Alternatively, an investor can continue utilizing the existing rental structure and explore additional opportunities for furnished, mid term, or traditional leasing. The second floor features a comfortable 1 bedroom apartment with a spacious living area, kitchen, and full bathroom. The third floor offers a studio style apartment with its own kitchen, living and sleeping space, and full bathroom. The property also features three electric meters and three electric water heaters, supporting the property's three unit configuration. The property is zoned RM 1 and has a forced air heating system. The main roof and porch roof were replaced in 2025. Location is another major advantage. Located just off Fairmount Avenue, 704 N. Preston St. places residents within convenient reach of Drexel University, the University of Pennsylvania, University City, the Philadelphia Museum of Art, Center City, public transportation, restaurants, retail, parks, and major Philadelphia roadways. The proximity to Drexel University and Penn makes this location particularly appealing for students, faculty, medical professionals, and others connected to the surrounding academic and employment centers. Easy access to I 95, I 76, and the Schuylkill Expressway also provides convenient transportation throughout Philadelphia and the surrounding region. The surrounding neighborhood has seen substantial reinvestment and new construction, creating an evolving residential environment with continued interest from homeowners and real estate investors. Whether you are searching for an owner occupied triplex, a Philadelphia investment property, a university area rental, or a flexible multi unit property with furnished rental potential, 704 N. Preston St. offers multiple possibilities.

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Detail Ic Property Details

Property Type : Residential Income

Price : $399,000

AD Id : 91544824

MLS Id : PAPH2674854

Beds : 4

Lot Size : 0.04 Acre

Living Area Size : 1,896 Sq. Ft

Tax Amount : $3,544

Year Built : 1925

County : PHILADELPHIA

Subdivision: Mantua

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Feature Features

  • Bedroom Information

    Total beds: 4

    Room Information

    Rooms Total: 10 Has Basement: Yes Basement: Unfinished
  • Flooring Information

    Wood, Ceramic Tile
  • Roofing Information

    Flat
  • Interior Features

    Eat-in Kitchen, Recessed Lighting Roof: Flat Appliances: Electric Range, Electric Oven, Cooktop, Electric Water Heater, Refrigerator, Water Heater
  • Heating & Cooling

    Has Heating: Yes Heating: Electric, Forced Air Has Cooling: Yes Cooling: None, Gas

  • Building Information

    Year Built: 1925 Building Area Total: 1896 Pool Features: None Private Pool: No

  • Lot Information

    Lot Dimensions: 16.00 x 100.00 Lot Size Acres: 0.04 Lot Size Source: Assessor Lot Size Square Feet: 1592

    Property Information

    Subdivision: MANTUA Source Property Type: Residential Income Postal Code Plus 4: 1731 Property SubType: Triplex Property Age: 101

  • Listing Price Information

    Listing Price: $399000

  • Tax Information

    Parcel Number: 061198000 Tax Lot: 146 Tax Year: 2026 Annual Tax: $3544

  • Parking Information

    On Street

  • Utility Information

    Water Available, Electricity Available
  • Location Information

    Direction: Preston St WaterSource: Public
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Nearby Home Value

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3414 Spring Garden Street, Philadelphia, PA, 19104 $829,000 6 -- 3,214 0.09 Acre
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3627 Powelton Avenue, Philadelphia, PA, 19104 $985,000 6 -- 2,712 0.07 Acre
3607 Spring Garden Street, Philadelphia, PA, 19104 $1,500,000 17 -- 4,000 0.06 Acre
623 N 36th Street, Philadelphia, PA, 19104 $925,000 6 -- 3,264 0.02 Acre
3713 Lancaster Avenue, Philadelphia, PA, 19104 $545,000 4 -- 2,096 0.03 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 10/03/2026 @ 16:15

MLS: PAPH2674854 LISTED BY: Jania Daniels, Real of Pennsylvania 855-450-0442 SOURCE: Bright MLS

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