312-14 N 33RD ST, Philadelphia, PA 19104
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312-14 N 33RD ST, Philadelphia, PA 19104
312-14 N 33RD ST, Philadelphia, PA 19104
312-14 N 33RD ST, Philadelphia, PA 19104
312-14 N 33RD ST, Philadelphia, PA 19104
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Anita Mohamed

Anita Mohamed

+1(347) 903-3025
$ 2,250,000
Est. payment /mo
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Pending

312-14 N 33RD ST Philadelphia, PA 19104

6,900 Sqft Lot

UPDATED:

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Pending

Purchase Type For Sale

Lot Size 6,900 Sqft

MLS Listing ID PAPH2518662

Subdivision Powelton Village

Total Units 10

Short Sale No

Originating MLS BRIGHT

Property Description

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 7.8% cap rate. Portfolio price is $4,750,000 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 $2,250,000. 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.

Location

State PA

County Philadelphia

Area 19104 (19104)

Zoning RTA1

Interior

Hot Water Natural Gas

Heating Hot Water, Radiator

Cooling Window Unit(s)

Heat Source Natural Gas

1-purchase type For Sale

Exterior

Garage Spaces 5

Waterfront N

Water Access N

Accessibility None

Parking Type Parking Lot

Total Parking Spaces 5

Building

New Construction N

Lot Dimensions 60.00 x 115.00

Sewer Public Sewer

Water Public

Schools

School District Philadelphia City

Others

Tax Amount $23,516

Tax Year 2024

Tax ID 881108040

Ownership Fee Simple

Special Sale Standard

Bright MLS (BMLS)
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Listed by Samantha Miller • Mallin Panchelli Nadel Realty Inc
Anita Mohamed
Anita Mohamed

Broker Associate | jhy1aaaaaaaaaaaaaaaa 244410410

+1(347) 903-3025 | stagesite-3.test@chime.me

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312-14 N 33RD ST