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New construction
  • $1,599,000

    4037 Powelton Ave, Philadelphia, PA 19104

    9beds
    --baths
    3,708sqft
    : 
    $9,662/mo
    Get pre-qualified
    Townhouse
    Built in 2022
    -- sqft lot
    $1,526,900 Zestimate®
    $431/sqft
    $-- HOA

    What's special

    Quartz countertopsCustomizable dimmable lightingSleek contemporary cabinetrySmart entry systemsGourmet kitchensIn-unit washer and dryerIntercom access
    Welcome to Lotus at 4037 Powelton Avenue, an architecturally distinctive four-unit multifamily investment opportunity in the heart of University City. Inspired by Japandi design, a harmonious blend of Japanese warmth through organic materials and natural textures with the clean lines and minimalist functionality of Scandinavian living, Lotus offers a living experience unlike anything else in the neighborhood. Built in 2022 and benefiting from approximately seven years remaining on Philadelphia's FULL tax abatement, this turnkey asset combines exceptional design, low-maintenance ownership, and immediate cash flow, making it a stable and turnkey standout investment opportunity in one of Philadelphia's most desirable rental markets. The property consists of four thoughtfully designed residences, all consisting of spacious 3-bedroom, 2-bathroom units. Fully leased and currently generating $11,132 per month in rental income, the property provides investors with stable, in-place income from day one while offering exceptional long-term appreciation potential in one of Philadelphia's strongest rental markets. Every detail throughout Lotus was intentionally curated to create a sophisticated yet inviting atmosphere. Rather than following the standard luxury apartment formula, the building embraces timeless design principles that appeal to discerning residents seeking something truly unique. Gourmet kitchens feature quartz countertops, sleek contemporary cabinetry, stainless steel appliances, and generous prep space, while spa-inspired bathrooms showcase refined finishes that elevate the everyday living experience. Each residence is further enhanced by central HVAC, in-unit washer and dryer, dishwasher, smart entry systems, intercom access, customizable dimmable lighting, and premium designer finishes, delivering both comfort and convenience while supporting premium rents and attracting high-quality long-term tenants. University City continues to be one of Philadelphia's most resilient and sought-after rental markets, fueled by consistent demand from graduate students, physicians, researchers, professors, healthcare professionals, and young professionals. Lotus is ideally positioned just moments from The University of Pennsylvania, Drexel University, Children's Hospital of Philadelphia (CHOP), the Hospital of the University of Pennsylvania (HUP), and Penn Presbyterian Medical Center, placing residents at the center of one of the nation's leading educational and medical districts. The property also offers convenient access to Lancaster Avenue's restaurants, neighborhood cafés, local shopping, Clark Park, public transportation, and Center City Philadelphia, making it an ideal location for both work and everyday living. Whether you're expanding a real estate portfolio, completing a 1031 exchange, or seeking a high-performing multifamily asset in one of Philadelphia's premier investment corridors, 4037 Powelton Avenue presents a rare opportunity to acquire a stabilized, income-producing property with modern construction, approximately seven years of remaining tax abatement, exceptional design, immediate stabilized cash flow, and exceptional long-term investment fundamentals in the heart of University City.
    9 days
    163
    22

    Likely to sell faster than

    Zillow last checked:

    Listing updated:

    Listed by:

    Reda Akbil 267-205-1369,

    Compass RE 2674358015

    Source: Bright MLS,MLS#: PAPH2648870MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 9
      Basement
      • Area: 0
      Heating
      • Forced Air, Natural Gas
      Cooling
      • Central Air, Electric
      Appliances
      • Included: Dishwasher, Dryer, Water Heater, Washer/Dryer Stacked, Washer, Cooktop, Stainless Steel Appliance(s), Refrigerator, Oven/Range - Electric, Self Cleaning Oven, Microwave, Intercom, ENERGY STAR Qualified Refrigerator, ENERGY STAR Qualified Dishwasher, Energy Efficient Appliances, Dual Flush Toilets, Electric Water Heater
      • Laundry: Washer/Dryer Hookups Only
      Features
      • Bathroom - Walk-In Shower, Recessed Lighting, Upgraded Countertops, Kitchen - Efficiency, Efficiency, Combination Kitchen/Living, Dry Wall, 9'+ Ceilings
      • Doors: ENERGY STAR Qualified Doors
      • Windows: ENERGY STAR Qualified Windows
      • Has fireplace: No
      Interior area
      • Total structure area: 3,708
      • Total interior livable area: 3,708 sqft
      Video & virtual tour

      Property

      Parking
      • Parking features: None
      Accessibility
      • Accessibility features: Accessible Hallway(s)
      Features
      • Patio & porch: Porch, Deck, Terrace
      • Exterior features: Flood Lights, Lighting, Balcony
      • Pool features: None
      Lot
      • Size: 1,647 Square Feet
      • Dimensions: 18.00 x 92.00
      Details
      • Additional structures: Above Grade, Below Grade
      • Parcel number: 061019400
      • Zoning: RM1
      • Special conditions: Standard
      • Other equipment: Intercom

      Construction

      Type & style
      • Home type: MultiFamily
      • Architectural style: Traditional
      • Property subtype: Townhouse
      Materials
      • Masonry
      • Foundation: Slab
      • Roof: Flat
      Condition
      • Excellent
      • New construction: Yes
      • Year built: 2022
      • Major remodel year: 2022

      Utilities & green energy

      • Electric: 200+ Amp Service
      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      Community
      • Security: Exterior Cameras, Carbon Monoxide Detector(s), Fire Sprinkler System
      Location
      • Region: Philadelphia
      • Municipality: PHILADELPHIA

      Financial & listing details

      • Price per square foot: $431/sqft
      • Tax assessed value: $160,000
      • Annual tax amount: $2,239
      • Date on market: 8/31/2026
      • Listing agreement: Exclusive Right To Sell
      • Listing terms: Cash,Conventional
      • Ownership: Fee Simple
      • Total actual rent: 133587

        Estimated market value

        $1,526,900

        $1.45M - $1.60M

        $1,921/mo

        Price history

        DateEventPrice
        8/31/2026Listed for sale$1,599,000+433%$431/sqft
        Source: Bright MLS #PAPH2648870 Report a problem
        9/2/2021Sold$300,000+62.2%$81/sqft
        Source: Public Record Report a problem
        5/4/2021Pending sale$185,000$50/sqft
        Source: Bright MLS #PAPH1012402 Report a problem
        4/30/2021Listed for sale$185,000$50/sqft
        Source: Bright MLS #PAPH1012402 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$5,916 +17.3%$422,600 +17.3%
        2024$5,045 $360,400
        2023$5,045 +50.6%$360,400
        2022$3,350 --
        2021$3,350 +3.9%--
        2018$3,225 +271.1%--
        2017$869 -62.2%--
        2016$2,298 -1.5%--
        2015$2,333 --
        2014$2,333 +4.5%$166,700 +1218.8%
        2012$2,234 $12,640
        2011-- $12,640
        2010-- $12,640
        2009-- $12,640
        2008-- $12,640
        2007-- $12,640 +7.6%
        2006-- $11,744
        2005-- $11,744
        2004-- $11,744
        2003-- $11,744 +68.3%
        2002-- $6,976 +10.1%
        2000-- $6,336
        1999-- $6,336
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        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.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: West Powelton

        Getting around

        86 / 100
        Very Walkable
        90 / 100
        Rider's Paradise
        98 / 100
        Biker's Paradise

        Nearby schools

        GreatSchools rating
        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.

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