1947 N 33rd Street: A turnkey, fully-stabilized, new construction multifamily asset with a 7.5% cap rate in North Philadelphia West across from Fairmount Park, featuring 5 spacious residential units - all two or three bedrooms each (average 1,380 SF per unit!) - on a desirable, scenic park-front stretch of North 33rd Street. Acquire this high-quality, low-maintenance, new-build (2020 vintage) with a little over 5 years remaining on a full 10-year property tax abatement. Delivered 100% leased, the property offers both steady cash flow and strong appreciation potential driven by the rapidly-developing North Philadelphia submarket. As new construction activity in Philadelphia declines, demand is expected to outpace supply, driving further rental growth in 2025, presenting a unique opportunity for investors to acquire a high-quality, income-producing asset with significant long-term upside.
Listed by Samantha Lee Miller
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License #RS352351
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Select Commercial Advisors
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2153153326
Last updated October 08, 2025
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Source: BrightMLS #PAPH2485888
Listing Facts
TypeMulti-family
NeighborhoodStrawberry Mansion
Days on Prevu154
Taxes$1,275/year
Size8,467 sqft
Price per sqft$162
Location
Mortgage Calculator
Listing History
09/30/2025
Price Decreased
$1,370,000
06/03/2025
Price Decreased
$1,375,000
05/22/2025
Listed by Select Commercial Advisors
$1,475,000
Property Details for 1947 N 33rd Street
Exterior
Construction
New Construction: Yes
Number Of Units Total: 4
Property Condition: Excellent
Year Built: 2020
Architectural Style: Contemporary
Construction Materials: Brick
Features
Other Structures: Above Grade, Below Grade
Waterfront: No
Measurements
Lot Dimensions Source: Assessor
Lot Size Acres: 0.05
Lot Size Dimensions: 24
Lot Size Source: Assessor
Lot Size Square Feet: 2,160
Lot Size Units: Square Feet
Financial
Residential Income
Cap Rate: 7.5
Taxes
Tax Annual Amount: $1,275.00
Tax Year: 2024
Interior
Features
Fireplace: No
Measurements
Living Area: 8,467
Living Area Source: Assessor
Other
Location
Tax Lot: 53
Parking
Parking
Garage: No
Utilities
Equipment
Cooling: Central A/C
Heating: Forced Air
Has Heating: Yes
Sewer: Public Sewer
Water Source: Public
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