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Russell Kubach

russell@kubachsells.com +1(215) 290-0559

Listed by Frank DeFazio • BHHS Fox & Roach-Center City Walnut

$ 600,000

Est. payment -/mo

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Active

416 N 31ST ST Philadelphia, PA 19104

6 Beds

2 Baths

1,350 SqFt

UPDATED:

Key Details

Property Type Single Family Home, Townhouse

Sub Type Twin/Semi-Detached

Listing Status Active

Purchase Type For Sale

Square Footage 1,350 sqft

Price per Sqft $444

Subdivision Powelton Village

MLS Listing ID PAPH2595382

Style Other,A-Frame

Bedrooms 6

Full Baths 2

HOA Y/N N

Abv Grd Liv Area 1,350

Year Built 1920

Annual Tax Amount $6,916

Tax Year 2025

Lot Size 1,672 Sqft

Acres 0.04

Lot Dimensions 21.00 x 80.00

Property Sub-Type Twin/Semi-Detached

Source BRIGHT

Property Description

Income-producing student rental opportunity in the heart of Powelton Village near Drexel University. 416 N 31st Street is a 6-bedroom, 2-bath property fully leased through August 31, 2026 at $4,600 per month, offering stable rental income in a highly desirable university neighborhood. The home offers a practical layout designed for student housing with large bedrooms, shared living areas, a full kitchen, and two full bathrooms. Its close proximity to Drexel University, the University of Pennsylvania, public transportation, and neighborhood amenities ensures strong and consistent rental demand. The property has experienced 100% occupancy with no meaningful vacancy history, making it a reliable investment opportunity. With low operating expenses, low property taxes, and low insurance costs, this property offers investors strong cash-flow potential in one of Philadelphia's most established student rental markets.
Current Lease: $4,600/month through 8/31/2026. Annual Gross Rent: $55,200. Offered at $600,000

Location

State PA

County Philadelphia

Area 19104 (19104)

Zoning RM1

Rooms

Basement Full

Main Level Bedrooms 6

Interior

Hot Water Other

Heating Other

Cooling Other

Fireplace N

Heat Source Electric

Exterior

Water Access N

Accessibility None

Garage N

Building

Story 3

Foundation Other

Above Ground Finished SqFt 1350

Sewer Public Sewer

Water Public

Architectural Style Other, A-Frame

Level or Stories 3

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District Philadelphia City

Others

Senior Community No

Tax ID 241207500

Ownership Fee Simple

SqFt Source 1350

Special Listing Condition Standard