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.
For sale
Price cut: $150K (6/20)
$3,600,000
619 N 35th St, Philadelphia, PA 19104
30beds
--baths
13,822sqft
Est.:
Multi Family
Built in 1920
-- sqft lot
$-- Zestimate®
$260/sqft
$-- HOA
What's special
Modern finishesPrivate bathrooms
- 265 days
- on Zillow |
- 390 |
- 46 |
Zillow last checked: 8 hours ago
Listing updated: June 20, 2025 at 10:38am
Listed by:
Or Aharon 267-270-6634,
Keller Williams Liberty Place 6093995454,
Co-Listing Agent: Ryan J Mcmanus 610-606-1095,
Keller Williams Liberty Place
Source: Bright MLS,MLS#: PAPH2423062

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 30
Heating
- Central, Electric
Cooling
- Central Air, Electric
Appliances
- Included: Electric Water Heater
Features
- Has fireplace: No
Interior area
- Total structure area: 13,822
- Total interior livable area: 13,822 sqft
Property
Parking
- Parking features: None
Accessibility
- Accessibility features: Other, Accessible Entrance
Features
- Levels: Multi/Split
- Pool features: None
Lot
- Size: 6,000 Square Feet
- Dimensions: 60.00 x 100.00
Details
- Additional structures: Above Grade
- Parcel number: 871600765
- Zoning: CMX2
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Masonry
- Foundation: Concrete Perimeter, Other
Condition
- New construction: No
- Year built: 1920
- Major remodel year: 2023
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Philadelphia
- Municipality: PHILADELPHIA
Financial & listing details
- Price per square foot: $260/sqft
- Tax assessed value: $600,000
- Annual tax amount: $8,398
- Date on market: 11/25/2024
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Other,Conventional
- Ownership: Fee Simple
- Income includes: Apartment Rentals, Shop Rentals, Other
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