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619 N 35th St
Off-Market Call for Pricing
Call for Pricing
- 2 Units
- 13,822 Sq Ft
- 6,000 Sq Ft
- Unknown Cap Rate
Description
Newly constructed multifamily building in University City, just steps from Drexel and UPenn. This fully leased property offers 11 apartments with 33 bedrooms and 33 bathrooms over 1,500 SF of retail space. Each unit features private bathrooms, large living areas, and modern finishes. 10-year tax abatement. With an annual gross income of $304K, operating expense of $44K, and net income (NOI) of $260K, this property offers a strong 7.2% cap rate. Ideal for investors seeking a turnkey asset in a prime, high-demand location — UCITY — the fastest-growing rental submarket in Philadelphia, a Top-10 USA MSA (population) and Top-5 USA MSA for Life Sciences. The Eds & Meds economy powers this district and provides the community with insatiable, perennial rental demand, insulating investment properties for years to come.
Owner
Do you own or manage this property?
This is My PropertyAmenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $3,600,000 |
| Property Type | Other |
| Usable Sqft | 13,822 |
| Number of Stories | 3 stories |
| Parking Spots | 0 spots |
| Year Built | 1920 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 871600765 |
| MLS # | PAPH2423062 |
| Property ID | 321081323 |
| Lot Sqft | 6,000 |
| Zoning | CMX2 |
| Total Units | 2 |
| Date Updated | June 20, 2025 |
| Date Created | November 24, 2024 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | $302,448 | $0 |
| Cap Rate | 7.20% |
Listing Provided By
Or Aharon an agent of Keller Williams Liberty Place. Lic #RS354310
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Data last updated: December 18, 2025.
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Robert Crawford
REAL ESTATE AGENT