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516 N Preston Street

Philadelphia, PA 19104

– beds
– baths
3,732 sqft
1,524 sqft lot
$194 per sqft
2009 build

Fantastic Investment Opportunity! Don’t miss this fully rented triplex with excellent cash flow and low annual expenses. This property features three units with a total of eight bedrooms: a spacious bi-level four-bedroom, two-bath unit complete with a kitchen, two living areas, and a private patio. The second and third floors offer two updated two-bedroom, one-bath units. Each apartment boasts hardwood and ceramic tile flooring, modern kitchens with gas stoves, in-unit washers and dryers, and individual heating and central air conditioning. Recent upgrades include: newer HVAC units (units A, B, and C), vinyl siding, new water service line, new dishwasher (Unit A), new range and microwave (unit C). Located in the thriving West Powelton neighborhood, this property is strategically positioned near the University City Science Center, Drexel University, and the University of Pennsylvania, along with a variety of dining and coffee options. With multiple convenient SEPTA transportation options available, it is less than ten minutes by car or bicycle to Center City—an undeniable opportunity for any investor.

Listing courtesy of BRIGHT / Compass Pennsylvania, LLC

Last checked: Checking… • Last updated Oct 31, 2024 •

MLS# PAPH2413020 —

The Building

Year Built:

2009
Year Built Source:

Assessor
New Construction:

No
Construction Materials:

Brick Front, Vinyl Siding
Structure Type:

End of Row/Townhouse
Architectural Style:

Traditional
Building Units Total:

3
Accessibility Features:

None
Foundation Details:

Concrete Perimeter
Basement:

Yes
Basement Type:

Full, Fully Finished
Total SqFt Source:

Estimated
Total Below Grade SqFt:

900
Total Below Grade SqFt Source:

Estimated
Tax Total Finished SqFt:

2874

Interior

Flooring Type:

Hardwood
Fireplace:

No
Living Area SqFt Source:

Estimated

Room Dimensions

Total SqFt:

3732
Living Area SqFt:

3,732 Sqft

Financial & Terms

Sale Type:

Standard
Possession:

Settlement

Location

Directions:

516 N Preston St
Latitude:

39.96187000
Longitude:

-75.20413000

The Property

Property Type:

Multi-Family
Property Subtype:

Triplex
Property Condition:

Very Good
Lot Size Units:

Square Feet
Lot Size Acres:

0.03
Lot Size Source:

Assessor
Lot Size Dimensions:

17.00 x 92.00
Lot Dimensions Source:

Assessor
Lot SqFt:

1,524 Sqft
Exclusions:

tenants personal belongings
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:

061194900
Tax Year:

2024
Tax Lot:

240
Tax Annual Amount:

$7,418
Tax Assessed Value:

$530,000
Year Assessed:

2024
School Tax:

4154.0
City/Town Tax:

3264.00
Total Taxes Payment Frequency:

Annually

Heating & Cooling

Cooling Type:

Central A/C
Central Air:

Yes
Cooling Fuel:

Electric
Heating:

Yes
Heating Type:

Forced Air
Heating Fuel:

Natural Gas

Utilities

Sewer/Septic:

Public Sewer
Hot Water:

Electric
Water Source:

Public

Schools

School District Name:

The School District Of Philadelphia
School District Source:

Listing Agent

The Community

Subdivision Name:

Powelton Village
Pool:

No Pool
Cap Rate:

6.70

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
10/23/24 Oct 23, 2024	Listed / Active	BRIGHT	$725,000

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This multifamily located in West Philadelphia, Philadelphia, PA 19104 is currently for sale for $725,000. 516 N Preston Street is a 3,732 square foot multifamily with – beds and – baths. 516 N Preston Street is in the West Philadelphia neighborhood of Philadelphia and has a WalkScore® of 73, making it very walkable. This multifamily is in the attendance area of West Philadelphia High School and Alain Locke Elemementary School.

Listing Courtesy of: BRIGHT and Compass Pennsylvania, LLC.

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.