37 N Preston St is a turnkey, cash-flowing legal triplex located in one of Philadelphia’s fastest-growing rental corridors. Grossing approximately $5,000 per month, this fully occupied multi-family investment offers the perfect blend of strong in-place income, long-term appreciation potential, and true passive cash flow. Featuring three separately metered units, this income-producing asset is ideal for both seasoned investors and owner-occupants looking to house hack while building wealth. Positioned in the heart of West Philadelphia near University City, Drexel University, UPenn, major hospitals, public transportation, and Center City access, this high-demand location continues to attract quality tenants year after year. Investors will appreciate the legal triplex zoning, strong rental performance, low vacancy potential, and scalable upside in an area experiencing continued redevelopment and rising property values. The property offers spacious unit layouts, excellent tenant appeal, and a compelling cap rate opportunity in a market where true turnkey multi-family assets are becoming increasingly scarce. Whether you’re looking to expand your portfolio, execute a buy-and-hold strategy, or secure a high-yield asset in a rapidly appreciating neighborhood, 37 N Preston St checks every box. Opportunities like this do not come around often — stable cash flow, prime location, and serious upside potential all in one package.
Under contract
$699,000
37 N Preston St, Philadelphia, PA 19104
6beds
4baths
3,544sqft
Townhouse
Built in 2007
-- sqft lot
$667,600 Zestimate®
$197/sqft
$-- HOA
What's special
Spacious unit layouts
- 60 days |
- 120 |
- 3 |
Zillow last checked:
Listing updated:
Listed by:
Rick Land 609-992-8248,
KW Empower 215-627-3500,
Listing Team: Ccl Team
Source: Bright MLS,MLS#: PAPH2619238
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
Basement
- Area: 0
Heating
- Forced Air, Natural Gas
Cooling
- Central Air, Electric
Appliances
- Included: Gas Water Heater
Features
- Basement: Finished
- Has fireplace: No
Interior area
- Total structure area: 3,544
- Total interior livable area: 3,544 sqft
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Pool features: None
Lot
- Size: 1,600 Square Feet
- Dimensions: 16.00 x 100.00
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 061181400
- Zoning: RSA5
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Townhouse
Materials
- Masonry
- Foundation: Stone
Condition
- New construction: No
- Year built: 2007
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Philadelphia
- Municipality: PHILADELPHIA
Financial & listing details
- Price per square foot: $197/sqft
- Tax assessed value: $750,000
- Annual tax amount: $10,498
- Date on market: 5/8/2026
- Listing agreement: Exclusive Right To Sell
- Ownership: Fee Simple
- Total actual rent: 60000
- Income includes: Apartment Rentals
Estimated market value
$667,600
$634,000 - $701,000
$1,943/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/18/2026 | Contingent | $699,000$197/sqft |
Source: | ||
| 5/8/2026 | Listed for sale | $699,000-10.3%$197/sqft |
Source: | ||
| 12/26/2025 | Listing removed | $779,000$220/sqft |
Source: | ||
| 8/10/2025 | Price change | $779,000-2.5%$220/sqft |
Source: | ||
| 7/7/2025 | Price change | $799,000-5.9%$225/sqft |
Source: | ||
| 5/30/2025 | Price change | $849,000-5.6%$240/sqft |
Source: | ||
| 4/14/2025 | Listed for sale | $899,000+18.4%$254/sqft |
Source: | ||
| 11/7/2024 | Listing removed | $1,500 |
Source: Bright MLS #PAPH2412090 Report a problem | ||
| 10/21/2024 | Listed for rent | $1,500 |
Source: Bright MLS #PAPH2412090 Report a problem | ||
| 10/1/2024 | Listing removed | $1,500 |
Source: Bright MLS #PAPH2371770 Report a problem | ||
| 8/29/2024 | Price change | $1,500-6.3% |
Source: Bright MLS #PAPH2371770 Report a problem | ||
| 8/25/2024 | Listing removed | $759,000$214/sqft |
Source: | ||
| 7/25/2024 | Price change | $1,600-3% |
Source: Bright MLS #PAPH2371770 Report a problem | ||
| 7/1/2024 | Listed for rent | $1,650+32% |
Source: Bright MLS #PAPH2371770 Report a problem | ||
| 5/6/2024 | Price change | $759,000-2.6%$214/sqft |
Source: | ||
| 3/16/2024 | Listed for sale | $779,000-2.5%$220/sqft |
Source: | ||
| 1/14/2024 | Listing removed | $799,000$225/sqft |
Source: | ||
| 9/6/2023 | Listed for sale | $799,000+6.5%$225/sqft |
Source: | ||
| 11/18/2022 | Listing removed | -- |
Source: | ||
| 9/13/2022 | Price change | $750,000-3.2%$212/sqft |
Source: | ||
| 7/21/2022 | Listed for sale | $774,999-3%$219/sqft |
Source: | ||
| 7/12/2022 | Listing removed | -- |
Source: | ||
| 5/19/2022 | Listed for sale | $799,000+48%$225/sqft |
Source: | ||
| 9/24/2020 | Listing removed | $1,250 |
Source: Keller Williams Real Estate-Bl #PAPH918960 Report a problem | ||
| 12/19/2017 | Sold | $540,000$152/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: West Powelton
Nearby schools
GreatSchools rating
- 5/10Locke Alain SchoolGrades: K-8Distance: 0.5 mi
- 3/10West Philadelphia High SchoolGrades: 9-12Distance: 0.9 mi
Schools provided by the listing agent
- District: Philadelphia City
Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.








