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
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License #RS363265
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KW Empower
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6099928248
Last updated May 08, 2026
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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.
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