Prevu by reAlpha
BuySellBlogBrowse Listings

37 N Preston StreetPhiladelphia, PA 19104

For Sale

$699,000

Smart Buyer Rebate $6,990

37 N Preston St is a turnkey, cash-flowing legal triplex located in one of Philadelphia’s fastest-growing rental corridors. Grossing approximately $5,000 per month, this fully occupied multi-family investment offers the perfect blend of strong in-place income, long-term appreciation potential, and true passive cash flow. Featuring three separately metered units, this income-producing asset is ideal for both seasoned investors and owner-occupants looking to house hack while building wealth.

Positioned in the heart of West Philadelphia near University City, Drexel University, UPenn, major hospitals, public transportation, and Center City access, this high-demand location continues to attract quality tenants year after year. Investors will appreciate the legal triplex zoning, strong rental performance, low vacancy potential, and scalable upside in an area experiencing continued redevelopment and rising property values.

The property offers spacious unit layouts, excellent tenant appeal, and a compelling cap rate opportunity in a market where true turnkey multi-family assets are becoming increasingly scarce. Whether you’re looking to expand your portfolio, execute a buy-and-hold strategy, or secure a high-yield asset in a rapidly appreciating neighborhood, 37 N Preston St checks every box. Opportunities like this do not come around often — stable cash flow, prime location, and serious upside potential all in one package.

Listed by Eric Land

·

License #RS363265

·

KW Empower

·

6099928248

Last updated May 08, 2026

·

Source: BrightMLS #PAPH2619238

Listing Facts

  • TypeMulti-family
  • NeighborhoodWest Powelton
  • Days on Prevu39
  • Taxes$10,498/year
  • Size3,544 sqft
  • Price per sqft$197

Location

Mortgage Calculator

Listing History

05/08/2026
Listed by KW Empower
$699,000

Property Details for 37 N Preston Street

Exterior

Construction

  • New Construction: No
  • Number Of Units Total: 3
  • Stories Total: 3
  • Year Built: 2007
  • Architectural Style: Traditional
  • Construction Materials: Masonry

Features

  • Other Structures: Above Grade, Below Grade
  • Waterfront: No

Measurements

  • Lot Dimensions Source: Assessor
  • Lot Size Acres: 0.04
  • Lot Size Dimensions: 16
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 1,600
  • Lot Size Units: Square Feet

Financial

Taxes

  • Tax Annual Amount: $10,498.00
  • Tax Year: 2025

Interior

Features

  • Fireplace: No

Measurements

  • Living Area: 3,544
  • Living Area Source: Assessor

Rooms

  • Basement: Fully Finished
  • Has Basement: Yes

Other

Location

  • Tax Lot: 65

Parking

Parking

  • Garage: No

Utilities

Equipment

  • Cooling: Central A/C
  • Heating: Forced Air
  • Has Heating: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Frequently Asked Questions

How many bedrooms does this multi-family home have?

There is bedrooms in this multi-family home at 37 N Preston Street.

What are the annual taxes for 37 N Preston Street?

Annual taxes for this multi-family home are estimated at $10,498.

How does 37 N Preston Street compare to other multi-family homes in West Powelton?

This multi-family home is listed 37% below the average price for multi-family homes in West Powelton and has been on the market for 61 less days than the typical home in this area.

What is the square footage on this multi-family home?

According to the MLS, this listing is 3,544 sqft.

37 N Preston Street is a -bedroom multi-family home for sale in PHILADELPHIA PA 19104. Listed on Prevu for 39 days at $699,000. This home features 3,544 square feet of living space, located in West Powelton. The median listing price for multi-family homes in this area is $450,000. Explore more multi-family home listings in Philadelphia.

The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright BRIGHT, All Rights Reserved.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.