Investor Special in Powelton Village / University City – Full Rehab Opportunity, Gutted out shell ready for rehab. Exceptional value-add opportunity in the highly sought-after Powelton Village neighborhood, located in the heart of University City. This spacious property (approx. 2,100+ sq ft) has been fully gutted and is ready for a complete renovation—offering a blank canvas for investors, developers, or owner-occupants looking to customize from the ground up.
This property is just steps from Drexel University and minutes to the University of Pennsylvania, CHOP, and Penn Medicine. The location provides strong, consistent rental demand from students, faculty, and medical professionals, making it ideal for a flip, rental hold, or potential multi-unit conversion to triplex ( quad needs to be verified by zoning and use).
Conveniently located near Lancaster Avenue’s retail and dining corridor, public transportation including SEPTA trolley lines, and with easy access to 30th Street Station and Center City Philadelphia. The neighborhood continues to see steady appreciation, with renovated comparable properties.
*owner financing may be available for the experienced investors*
For sale by owner
$244,900
645 N Preston St, Philadelphia, PA 19104
5beds
0baths
2,100sqft
MultiFamily
Built in 1913
-- sqft lot
$-- Zestimate®
$117/sqft
$-- HOA
Overview
What the owner loves about this home
Great location, 5 minutes to center city,
- 57 days |
- 377 |
- 20 |
Listed by:
Property Owner (610) 864-7029
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 0
Interior area
- Total interior livable area: 2,100 sqft
Property
Features
- Exterior features: Brick
- Has view: Yes
- View description: Territorial
Lot
- Size: 1,247 Square Feet
Details
- Parcel number: 871067250
Construction
Type & style
- Home type: MultiFamily
Condition
- New construction: No
- Year built: 1913
Community & HOA
Location
- Region: Philadelphia
Financial & listing details
- Price per square foot: $117/sqft
- Tax assessed value: $79,500
- Annual tax amount: $1,113
- Date on market: 5/11/2026
Estimated market value
Not available
Estimated sales range
Not available
$1,979/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/11/2026 | Listed for sale | $244,900-1.6%$117/sqft |
Source: Owner Report a problem | ||
| 8/25/2024 | Listing removed | $249,000$119/sqft |
Source: | ||
| 8/2/2024 | Listed for sale | $249,000+1145%$119/sqft |
Source: | ||
| 11/10/2009 | Sold | $20,000$10/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,113 +49.7% | $79,500 +49.7% |
| 2024 | $743 | $53,100 |
| 2023 | $743 -0.2% | $53,100 |
| 2022 | $745 | -- |
| 2021 | $745 -12.2% | -- |
| 2018 | $848 +10.4% | -- |
| 2017 | $768 -6.8% | -- |
| 2016 | $824 +10.7% | -- |
| 2015 | $745 | -- |
| 2014 | $745 | $53,200 |
Find assessor info on the county website
Monthly payment
Est. payment$--/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: Belmont
Nearby schools
GreatSchools rating
- 4/10Washington Martha SchoolGrades: K-8Distance: 0.5 mi
- 3/10West Philadelphia High SchoolGrades: 9-12Distance: 0.9 mi
A local agent can set up tours, give advice and negotiate with sellers.
- Pennsylvania
- Philadelphia County
- Philadelphia
- 19104
- Belmont
- 645 N Preston St







