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517 N 35TH StreetPhiladelphia, PA 19104

For Sale

$650,000

Smart Buyer Rebate $6,500

Turnkey Investment Opportunity! CASH COW in Powelton Village - 517 N. 35th Street is an income-producing, multifamily property located in the heart of Powelton Village. This well-maintained building features 8 self-contained studios, each with its own kitchenette and private bathroom, a low-maintenance, high-demand rental configuration ideal for the student rental and young professional tenant base. The property is currently grossing $80,940 annually, delivering strong, stable cash flow with potential upside through targeted improvements or rental increases. The layout includes 2 rooms on the first floor, 3 rooms on the second floor, and 3 rooms on the third floor. The building is fully leased and respectfully managed. All tenants pay separately for electric, internet and the landlord is responsible for water and common area electric. Located just blocks from Drexel University, the University of Pennsylvania, and Powelton Village, this asset benefits from strong demand from students, young professionals, and medical staff. It’s walkable to campus, SEPTA transit lines, restaurants, and local amenities. Buyer is responsible for verifying any and all zoning, licensure, and usage requirements with the City of Philadelphia.

Listed by Frank L DeFazio

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License #RS299840

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BHHS Fox & Roach-Center City Walnut

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6106364364

Last updated August 07, 2025

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Source: BrightMLS #PAPH2522082

Listing Facts

  • TypeMulti-family
  • NeighborhoodMantua
  • Days on Prevu39
  • Taxes$11,296/year
  • Size2,364 sqft
  • Price per sqft$275

Location

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Listing History

08/01/2025
Listed by BHHS Fox & Roach-Center City Walnut
$650,000

Property Details for 517 N 35TH Street

Exterior

Construction

  • New Construction: No
  • Number Of Units Total: 3
  • Year Built: 1930
  • Architectural Style: Other
  • Construction Materials: Masonry

Features

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

Measurements

  • Lot Dimensions Source: Assessor
  • Lot Size Acres: 0.02
  • Lot Size Dimensions: 18
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 963
  • Lot Size Units: Square Feet

Financial

Taxes

  • Tax Annual Amount: $11,296.00
  • Tax Year: 2024

Interior

Features

  • Fireplace: No

Measurements

  • Living Area: 2,364
  • Living Area Source: Assessor

Other

Location

  • Tax Lot: 133

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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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.