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
Mortgage Calculator
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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