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312 N 33rd St
For Sale $2,300,000
$2,300,000
- 10 Units
- Unknown Sq Ft
- 6,900 Sq Ft
- Unknown Cap Rate
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 7.3% cap rate. Portfolio price is $4,900,000 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 $2,300,000. 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.
Amenities
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 | $2,300,000 |
| Property Type | Multi-Family |
| Usable Sqft | Unknown |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 1895 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 881108040 |
| MLS # | PAPH2518662 |
| Property ID | 322002457 |
| Lot Sqft | 6,900 |
| Zoning | RTA1 |
| Total Units | 10 |
| Days on Market | 158 |
| Original List Price | Unknown |
| Date Updated | December 08, 2025 |
| Date Created | July 20, 2025 |
Financials not available online. Please inquire with your agent for more details.
Listing Provided By
Samantha Lee Miller an agent of . Lic #RS352351
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Data last updated: December 25, 2025.
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Robert Crawford
REAL ESTATE AGENT