New Construction
Listed By:
City Wide Realty Inc
522 N Preston Street, Philadelphia, PA
$ 1,200,000
Property Attributes
  • MLS#PAPH2256532
  • TypeMulti-Family
  • CityPhiladelphia
  • Area19104
  • Zip19104
  • StyleTraditional
  • Year Built2016
  • Taxes$ 1483
  • Price$ 1,200,000
  • Bedrooms10
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size1,742 SqFt
Data Source:
Bright MLS
Property Description

OPPORTUNITY knocks!!! Own a fully occupied 5-unit building in one of Philadelphia's Opportunity Zones. This 7-year young building sits on a 17x100 lot, has 3-4 years left on the tax abatement and brings in around $95,760 in gross annual rent. Unit #1 features a flat 2 bed, 2 bath unit with a private backyard for $1680/month. Unit #2 features a 2 bed, 2 bath unit for $1600/month. Unit #3 features a bi-level 2 bed, 2 bath unit for $1700/month. Unit #4 features a bi-level 2 bed, 2 bath unit for $1650/month. Unit #B features a lower level 2 bed, 2 bath unit for $1350/month. The owners collect $60 monthly water fee from each unit. All of the units have open kitchens with brown cabinets, granite countertops and stainless steel appliances, including an electric stove, a dishwasher, a microwave, a refrigerator and a garbage disposal; large bathrooms, high ceilings, skylight windows in the top floors units #3 and #4, intercoms, washer & dryer in each apartment, lots of natural sunlight. Central A/C and heat in each unit. Apt #1 has a private backyard. Extremely low taxes for the next 3 to 4 years! Cap rate of 7.4%. 522 N Preston st is walking distance to UPenn, Drexel U, Penn Presbyterian Medical Center, Philadelphia Zoo, the Vidas Athletic Complex and much more. Minutes to Center City, Art Museum, 30th St Station, Kelly Drive and 76. There are new construction properties everywhere in this neighborhood. This is one of the most concentrated innovation districts in the United States with national leading employment centers and higher learning institutions.

Price History
7/12/2023 Listed $1,200,000

General Features

Accessibility Other
Architectural Style Traditional
Construction Completed Y/N No
Construction Materials Concrete
Cool Fuel Electric
Cooling Central A/C
Days on Market 149
Garage Y/N No
Heating Central
Lot Size Square Feet 1666.00
MLS Area 19104 (19104)
New Construction Yes
Other Structures Above Grade, Below Grade
Other Units Unit 1, Unit 2, Unit 4, Unit 5, Unit 3
Percent Ownership Fee Simple
Pool Y/N No Pool
Possession Immediate
Price Per Sq Ft 268.1
Property Condition Excellent
Property SubType Other
Property Type Multi-Family
School District 300200397108
Sewer Public Sewer
Structure Type Interior Row/Townhouse
Tax Annual Amount 1483.0
Tax Lot 74
Tax Year 2023
Total Units 4
Two Bedroom 5
Vacation Rental Y/N No
Water Access Y/N No
Waterfront Y/N No
Year Built 2016
Zoning RSA5

Interior Features

Basement Fully Finished
Central Air Y/N Yes
Flooring Engineered Wood
Furnished Units None
Heating Fuel Electric
Heating Y/N Yes
Hot Water Electric

Exterior Features

Living Area 5376
Foundation Details Slab
Lot Dimensions 17.00 x 100.00
Lot Size Acres 0.04
Lot Size Source Assessor
Navigable Water Y/N No
Type of Parking On Street
Water Oriented Y/N No
Water Source Public
Water View Y/N No


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 19104

AVG $670K
AVG $3,869
AVG 120
Data Provided by Inside Real Estate®
Year Built
AVG 1944

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