This large multi-family duplex presents an exceptional investment opportunity in the highly sought-after University City neighborhood, located within the prestigious Penn Alexander Catchment Area. Ideally suited for conversion into a four-to-six-unit investment property, rooming house, or multi-suite rental, this property offers the scale, configuration, and location that discerning investors seek.
The primary front unit features eight spacious bedrooms, six full bathrooms, and two full kitchens. A main-level bedroom includes an en-suite bathroom, while additional bedrooms and baths span the second and third floors, making it perfectly suited for multi-resident living. The secondary rear unit offers one bedroom and one bathroom, with a private entrance accessed via a side walkway for added privacy.
Additional highlights include a full basement with laundry facilities and substantial interior square footage that allows for flexible reconfiguration. The property is centrally located with convenient access to the University of Pennsylvania, the Children’s Hospital of Philadelphia, Center City, the VA Hospital, and Philadelphia International Airport.
Ripe for redevelopment, this property combines strong rental potential with long-term value appreciation in one of Philadelphia’s most vibrant and dynamic submarkets.
Listed by Morgan Bradshaw Page
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License #RS364959
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Skale Real Estate
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4842641230
Last updated October 24, 2025
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Source: BrightMLS #PAPH2547320
Listing Facts
TypeMulti-family
NeighborhoodWoodland Terrace
Days on Prevu13
Taxes$10,350/year
Size1,500 sqft
Price per sqft$500
Location
Mortgage Calculator
Listing History
10/24/2025
Price Increased
$750,000
10/12/2025
Listed by Skale Real Estate
$735,000
Property Details for 503 S 42nd Street
Exterior
Construction
New Construction: No
Number Of Units Total: 3
Year Built: 1930
Architectural Style: Traditional
Construction Materials: Brick
Features
Other Structures: Above Grade, Below Grade
Patio And Porch Features: Deck(s), Wrap Around
Waterfront: No
Measurements
Lot Size Acres: 0.06
Lot Size Source: Estimated
Lot Size Square Feet: 2,678
Lot Size Units: Square Feet
Financial
Taxes
Tax Annual Amount: $10,350.00
Tax Year: 2025
Interior
Features
Flooring: Hardwood
Interior Features: 2nd Kitchen, Kitchen - Country
Measurements
Living Area: 1,500
Living Area Source: Estimated
Rooms
Basement: Fully Finished
Has Basement: Yes
Other
Location
Subdivision Name: UNIVERSITY CITY
Parking
Parking
Garage: No
Utilities
Equipment
Heating: Hot Water
Has Heating: Yes
Sewer: Public Sewer
Water Source: Public
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