Location, Location, Location: Investor Special in Powelton Village / University City – Full Rehab Opportunity, Gutted out shell ready for rehab. Exceptional value-add opportunity in the highly sought-after Powelton Village neighborhood, located in the heart of University City. This spacious property (approx. 2,100+ sq ft) has been fully gutted and is ready for a complete renovation—offering a blank canvas for investors, developers, or owner-occupants looking to customize from the ground up. This property is just steps from Drexel University and minutes to the University of Pennsylvania, CHOP, and Penn Medicine. The location provides strong, consistent rental demand from students, faculty, and medical professionals, making it ideal for a flip, rental hold, or potential multi-unit conversion to triplex ( quad needs to be verified by zoning and use). Conveniently located near Lancaster Avenue’s retail and dining corridor, public transportation including SEPTA trolley lines, and with easy access to 30th Street Station and Center City Philadelphia. The neighborhood continues to see steady appreciation, with renovated comparable properties. *owner financing may be available for the experienced investors*
For sale
Price cut: $5K (9/3)
$229,500
645 N Preston St, Philadelphia, PA 19104
5beds
--baths
2,100sqft
Townhouse
Built in 1925
-- sqft lot
$-- Zestimate®
$109/sqft
$-- HOA
What's special
- 65 days
- 297
- 13
Zillow last checked:
Listing updated:
Listed by:
Mr. Derek Greene 888-278-5840,
The Greene Realty Group 8882785840
Source: Bright MLS,MLS#: PAPH2651854
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
Basement
- Area: 0
Heating
- None
Cooling
- None
Features
- 9'+ Ceilings
- Basement: Combination,Front Entrance
- Has fireplace: No
Interior area
- Total structure area: 2,100
- Total interior livable area: 2,100 sqft
Property
Parking
- Parking features: None
Accessibility
- Accessibility features: None
Features
- Pool features: None
Lot
- Size: 1,247 Square Feet
- Dimensions: 18.00 x 77.00
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 871067250
- Zoning: RM1
- Zoning description: Multi family
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Townhouse
Materials
- Masonry, Stucco
- Foundation: Stone
- Roof: Flat
Condition
- New construction: No
- Year built: 1925
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Philadelphia
- Municipality: PHILADELPHIA
Financial & listing details
- Price per square foot: $109/sqft
- Tax assessed value: $95,600
- Annual tax amount: $1,338
- Date on market: 7/24/2026
- Listing agreement: Exclusive Agency
- Listing terms: Cash,Seller Financing
- Ownership: Fee Simple
Estimated market value
Not available
Estimated sales range
Not available
$1,581/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/3/2026 | Price change | $229,500-2.1%$109/sqft |
Source: | ||
| 8/4/2026 | Price change | $234,500-4.1%$112/sqft |
Source: | ||
| 7/24/2026 | Listed for sale | $244,500-0.2%$116/sqft |
Source: | ||
| 7/23/2026 | Listing removed | -- |
Source: Owner Report a problem | ||
| 5/11/2026 | Listed for sale | $244,900-1.6%$117/sqft |
Source: Owner Report a problem | ||
| 8/25/2024 | Listing removed | $249,000$119/sqft |
Source: | ||
| 8/2/2024 | Listed for sale | $249,000+1145%$119/sqft |
Source: | ||
| 11/10/2009 | Sold | $20,000$10/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,113 +49.7% | $79,500 +49.7% |
| 2024 | $743 | $53,100 |
| 2023 | $743 -0.2% | $53,100 |
| 2022 | $745 | -- |
| 2021 | $745 -12.2% | -- |
| 2018 | $848 +10.4% | -- |
| 2017 | $768 -6.8% | -- |
| 2016 | $824 +10.7% | -- |
| 2015 | $745 | -- |
| 2014 | $745 | $53,200 |
Find assessor info on the county website
Monthly payment
Est. payment







