PA > Philadelphia > Powelton Village
Philadelphia, PA 19104,312-14 N 33RD ST
Philadelphia, PA 19104,312-14 N 33RD ST
Philadelphia, PA 19104,312-14 N 33RD ST
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Listed by Samantha Lee Miller • Select Commercial Advisors
$2,400,000
Est. payment /mo
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13,055 SqFt
New

312-14 N 33RD ST Philadelphia, PA 19104

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Giorgio Danso

Giorgio Danso

+1(571) 263-6868

UPDATED:

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 13,055 sqft

Price per Sqft $183

Subdivision Powelton Village

MLS Listing ID PAPH2518662

Year Built 1895

Annual Tax Amount $23,516

Tax Year 2024

Lot Size 6,900 Sqft

Acres 0.16

Lot Dimensions 60.00 x 115.00

Property Sub-Type Five Or More Units

Source BRIGHT

Property Description

Rare opportunity to acquire an established portfolio of 28 units across four buildings in prime Powelton Village and Spruce Hill locations, walkable to both Drexel University and University of Pennsylvania. Stabilized, income-producing investment with value-add potential via light upgrades - proforma 7% cap rate. Portfolio price is $5,100,000 for all four buildings, or purchase separately. Grey Gables (a.k.a. 312-14 N 33rd Street) is a 10 unit building totaling 32 beds, offered at $2,400,000. Surface parking on site for 5 cars offers an extra income source, or could be redeveloped in the future to add additional units. Benefit from a strong tenant base derived from University of Pennsylvania's full-time student population of 23,948 (up 1.65% YOY), as well as 39,000+ individuals employed by University of Pennsylvania, and an overall population of more than 100,000 residents between the 19104 and 19139 zip codes. As the pipeline of multifamily deliveries in Philadelphia continues to dwindle, demand is expected to outpace supply, driving further rental growth in 2025-2026, presenting a unique opportunity for investors to acquire a high-quality, income-producing asset with significant long-term upside. Offering memorandum available upon request.

Location

State PA

County Philadelphia

Area 19104 (19104)

Zoning RTA1

Interior

Hot Water Natural Gas

Heating Hot Water, Radiator

Cooling Window Unit(s)

Heat Source Natural Gas

Exterior

Garage Spaces 5.0

Water Access N

Accessibility None

Total Parking Spaces 5

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Philadelphia City

Others

Tax ID 881108040

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Standard

Bright MLS (BMLS)

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312-14 N 33RD ST