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Contemporary

1947 N 33RD STREET

PHILADELPHIA , PA 19121

MLS#: PAPH2485888

$1,370,000

Status: Active
Listing number: PAPH2485888
Listing provided by: Select Commercial Advisors
Listing agent phone: None
Last update: 27 days ago
On site: 5 months ago
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Property

Beds

14

Full Baths

None

1/2 Baths

None

Year Built

2020

Sq.Footage

8,467

1947 N 33rd Street: A turnkey, fully-stabilized, new construction multifamily asset with a 7.5% cap rate in North Philadelphia West across from Fairmount Park, featuring 5 spacious residential units - all two or three bedrooms each (average 1,380 SF per unit!) - on a desirable, scenic park-front stretch of North 33rd Street. Acquire this high-quality, low-maintenance, new-build (2020 vintage) with a little over 5 years remaining on a full 10-year property tax abatement. Delivered 100% leased, the property offers both steady cash flow and strong appreciation potential driven by the rapidly-developing North Philadelphia submarket. As new construction activity in Philadelphia declines, demand is expected to outpace supply, driving further rental growth in 2025, presenting a unique opportunity for investors to acquire a high-quality, income-producing asset with significant long-term upside.

Features & Amenities

Interior

  • Total Bedrooms

    14

  • Bathrooms

    N/A

  • Above Grade Finished Area

    8467.0

  • Cooling YN

    YES

  • Cooling

    Central Air, Electric

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Electric, Forced Air

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Brick

  • Parking

    On Street

  • Pool

    Yes

  • Pool Features

    None

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.05

  • Property Type

    Residential Income

  • Property Sub Type

    Townhouse

  • Architectural Style

    Contemporary

Price

  • Sales Price

    $1,370,000

  • Tax Amount

    1275.0

  • Zoning

    Multifamily

  • Sq. Footage

    8, 467

  • Price/SqFt

    $161

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Foundation Details

    Concrete Perimeter

  • Sewer

    Public Sewer

  • Tax Lot

    53

  • Water Source

    Public

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Listing Courtesy of Samantha Lee Miller , Select Commercial Advisors

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Agent TheresaKehler

Owner, President, Investment Property Advisor

TheresaKehler

Call Theresa today to schedule a private showing.

(215) 605-9647

theresa@tntrealestatesolutions.com


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1947 N 33rd Street: A turnkey, fully-stabilized, new construction multifamily asset with a 7.5% cap rate in North Philadelphia West across from Fairmount Park, featuring 5 spacious residential units - all two or three bedrooms each (average 1,380 SF per unit!) - on a desirable, scenic park-front stretch of North 33rd Street. Acquire this high-quality, low-maintenance, new-build (2020 vintage) with a little over 5 years remaining on a full 10-year property tax abatement. Delivered 100% leased, the property offers both steady cash flow and strong appreciation potential driven by the rapidly-developing North Philadelphia submarket. As new construction activity in Philadelphia declines, demand is expected to outpace supply, driving further rental growth in 2025, presenting a unique opportunity for investors to acquire a high-quality, income-producing asset with significant long-term upside.

1947 N 33RD STREET

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