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332 N 41st Street

Philadelphia, PA 19104

– beds
– baths
2,763 sqft
1,494 sqft lot
$233 per sqft
2013 build

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Exceptional investment opportunity in the booming West Powelton neighborhood of University City, located in a Qualified Opportunity Zone (QOZ). This property is just minutes from Drexel University, the University of Pennsylvania, and the University of the Sciences, offering prime access to one of Philadelphia’s most vibrant areas. Nestled on a quiet street, yet steps from public transit and University City amenities, this property boasts outstanding walk, transit, and bike scores (Walk Score: 85, Transit Score: 89, Bike Score: 99). This 11-year-old, well-maintained, ground-up construction triplex features hardwood floors, in-unit laundry, stainless steel appliances, and large windows for natural light. Each unit has separate utilities (tenants pay except for water). The kitchens are equipped with shaker-style cabinets, granite countertops, dishwashers, garbage disposals, microwaves, and refrigerators. The building consists of: Unit 1: 5-bedroom, 2-bath bilevel with a private yard, Unit 2: 2-bedroom, 1-bath with a private rear deck, Unit 3: 2-bedroom, 1-bath with a private roof deck This fully occupied property has a solid rental history since its inception, providing immediate income for the buyer. With rents currently below market value, there is significant potential for rent increases and added value. The property is also positioned near several major development projects, including 3.0 University Place, Schuylkill Yards, uCity Square, and the Science Center, making it a strategic long-term investment. This turnkey asset is ideal for both investors and owner-occupants. The property falls under the FHA limit for four-unit buildings and qualifies for Fannie Mae/Freddie Mac’s new 5% down owner-occupied multifamily program. With strong appreciation and rental growth prospects, this is a rare opportunity in a high-demand area. Licensed PA salesperson with ownership interest.

Listing courtesy of BRIGHT / HomeSmart Realty Advisors

Last checked: Checking… • Last updated Dec 19, 2024 •

MLS# PAPH2411522 —

The Building

Year Built:

2013
Year Built Source:

Assessor
New Construction:

No
Construction Materials:

Masonry
Building Units Total:

3
Structure Type:

Twin/Semi-Detached
Architectural Style:

Other
Accessibility Features:

None
Foundation Details:

Concrete Perimeter
Basement:

Yes
Basement Type:

Full
Total SqFt Source:

Assessor
Total Below Grade SqFt Source:

Assessor
Tax Total Finished SqFt:

2763

Interior

Flooring Type:

Wood, Tile/Brick
Fireplace:

No
Living Area SqFt Source:

Assessor

Room Dimensions

Total SqFt:

2763
Living Area SqFt:

2,763 Sqft

Financial & Terms

Sale Type:

Standard
Buyer Financing:

Conventional
Possession:

Immediate, Other

Location

Directions:

Near corner of 41st & Baring Streets
Cross Street:

POWELTON AVE.
Latitude:

39.95977783
Longitude:

-75.20552063

The Property

Property Subtype:

Triplex
Property Type:

Multi-Family
Lot Size Units:

Square Feet
Lot Size Acres:

0.03
Lot Size Source:

Assessor
Lot Size Dimensions:

20.00 x 75.00
Lot Dimensions Source:

Assessor
Lot SqFt:

1,494 Sqft
Inclusions:

Attached appliances, washers, dryers, refrigerators
Exclusions:

Tenant's belongings, wireless bridge
Zoning:

RSA5
Other Structures:

Above Grade, Below Grade
Water View:

No
Waterfront:

No
Water Oriented:

No
Water Access:

No
Navigable Water:

No
Tidal Water:

No
Land Use Code:

W50
Riparian Rights:

No

Listing Agent

Contact info:

Taxes

Tax ID Number:

061221800
Tax Year:

2024
Tax Lot:

121
Tax Annual Amount:

$9,573
Tax Assessed Value:

$683,900
Year Assessed:

2024
School Tax:

5361.0
City/Town Tax:

4212.00
Total Taxes Payment Frequency:

Annually

The Listing

Close Sale Type:

Standard Sale

Heating & Cooling

Cooling Type:

Central A/C
Central Air:

Yes
Cooling Fuel:

Electric
Heating:

Yes
Heating Type:

Heat Pump(s)
Heating Fuel:

Electric

Utilities

Sewer/Septic:

Public Sewer
Hot Water:

Electric
Water Source:

Public

Schools

School District Name:

Philadelphia City
School District Source:

Listing Agent

The Community

Subdivision Name:

West Powelton
Pool:

No Pool
Municipal Trash:

Yes
Transportation:

Airport less than 10 miles, Bus Stop less than 1 mile, Metro/Subway Station less than 1 mile, Commuter Rail Station 1 to 5 miles

Parking

Garage:

No
Type of Parking:

On Street

Extra Units

Other Units:

Unit 1,Unit 2,Unit 3
Vacation Rental:

No
Two Bedroom Units:

2

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
12/17/24 Dec 17, 2024	Sold	BRIGHT	$645,000	-7.2%
11/14/24 Nov 14, 2024	Sold Subject To Contingencies	BRIGHT	$695,000
10/28/24 Oct 28, 2024	Listed / Active	BRIGHT	$695,000

Multifamily Sold on 12/17/2024

$645,000

Listing provided by broker:

Marino Polidori

HomeSmart Realty Advisors

bill@homesmartrealtyadvisors.com

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Listing Courtesy of: BRIGHT and HomeSmart Realty Advisors.

The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. BRIGHT MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller.

332 N 41st Street

Philadelphia, PA 19104