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.
For sale
$650,000
517 N 35th St, Philadelphia, PA 19104
8beds
--baths
2,364sqft
Townhouse
Built in 1930
-- sqft lot
$-- Zestimate®
$275/sqft
$-- HOA
What's special
Self-contained studiosPrivate bathroom
- 338 days |
- 85 |
- 8 |
Zillow last checked:
Listing updated:
Listed by:
Frank DeFazio 610-636-4364,
BHHS Fox & Roach-Center City Walnut (215) 627-6005
Source: Bright MLS,MLS#: PAPH2522082
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
Basement
- Area: 0
Heating
- Forced Air, Natural Gas
Cooling
- Central Air, Other
Appliances
- Included: Gas Water Heater
Features
- Has fireplace: No
Interior area
- Total structure area: 2,364
- Total interior livable area: 2,364 sqft
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Pool features: None
Lot
- Size: 963 Square Feet
- Dimensions: 18.00 x 55.00
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 242159900
- Zoning: CMX1
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Townhouse
Materials
- Masonry
- Foundation: Other
Condition
- New construction: No
- Year built: 1930
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Philadelphia
- Municipality: PHILADELPHIA
Financial & listing details
- Price per square foot: $275/sqft
- Tax assessed value: $807,000
- Annual tax amount: $11,296
- Date on market: 8/1/2025
- Listing agreement: Exclusive Right To Sell
- Ownership: Fee Simple
Estimated market value
Not available
Estimated sales range
Not available
$2,072/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/1/2025 | Listed for sale | $650,000+225%$275/sqft |
Source: | ||
| 6/25/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 6/22/2024 | Listed for rent | $750-21.1% |
Source: Zillow Rentals Report a problem | ||
| 11/14/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 10/23/2023 | Price change | $950+26.7% |
Source: Zillow Rentals Report a problem | ||
| 10/2/2023 | Listed for rent | $750 |
Source: Zillow Rentals Report a problem | ||
| 9/24/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 7/19/2023 | Listed for rent | $750-15.7% |
Source: Zillow Rentals Report a problem | ||
| 7/4/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 5/23/2023 | Listed for rent | $890 |
Source: Zillow Rentals Report a problem | ||
| 4/8/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 3/18/2023 | Listed for rent | $890+18.7% |
Source: Zillow Rentals Report a problem | ||
| 2/27/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 1/31/2023 | Listed for rent | $750 |
Source: Zillow Rentals Report a problem | ||
| 2/5/2018 | Sold | $200,000+154.5%$85/sqft |
Source: Public Record Report a problem | ||
| 10/18/2006 | Sold | $78,600$33/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $11,296 +49.3% | $807,000 +49.3% |
| 2024 | $7,566 | $540,500 |
| 2023 | $7,566 +42.3% | $540,500 |
| 2022 | $5,318 | -- |
| 2021 | $5,318 +3.9% | -- |
| 2018 | $5,118 +8.4% | -- |
| 2017 | $4,721 +47.2% | -- |
| 2016 | $3,207 | -- |
| 2015 | $3,207 | -- |
| 2014 | $3,207 +4.5% | $229,100 +2675% |
| 2012 | $3,070 | $8,256 +760% |
| 1999 | -- | $960 |
Find assessor info on the county website
Monthly payment
Est. payment$--/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: Mantua
Nearby schools
GreatSchools rating
- 4/10Mcmichael Morton SchoolGrades: PK-8Distance: 0.2 mi
- 3/10West Philadelphia High SchoolGrades: 9-12Distance: 1.4 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.
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