Renovated Three-Story Multifamily
1829 N 33RD Street Philadelphia, PA 19121
1829 N 33RD Street, Philadelphia, PA, 19121
$695,000
For Sale
$695,000
MULTI_FAMILY - PHILADELPHIA, PA
Property Size3,271 SF
Lot Size0.04 Acres
Price / SF$212.47
Days on Market93
Property Features for 1829 N 33RD Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Standard status
- Active
- Size
- 3,271 SF
- Lot size
- 0.04 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3224
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air, Ductless
Building Details
- Year built
- 1915
- Number of units
- 4
- Building materials
- Masonry
Listing agency
Mallin Panchelli Nadel Realty Inc
(215) 413-4900
Listed by
Samantha Lee Miller · License #RS352351
(215) 692-3107
Added: Apr 22 Updated: Jun 30 at 1:18PM Checked: Jul 23 at 4:06AM
MLS# PAPH2611202
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
1829 N 33rd Street is a renovated three-story multifamily property totaling 3,271 square feet. The building is configured with five residential units, including three 1-bedroom/1-bath units, one 2-bedroom/2-bath unit, and one 3-bedroom/2-bath unit. Each unit is equipped with central air or mini-splits and includes in-unit washer and dryer, along with modern finishes.
The property is located in Philadelphia’s Strawberry Mansion neighborhood. The listing notes proximity to Fairmount Park and Center City, and describes the area as continuing to draw investor attention. The site includes a total lot size of 0.0421 acres.
From an ownership and operations standpoint, the property is currently licensed for four units, with the fifth unit not included in zoning or licensing. That licensing structure may support an owner-occupant seeking to live in the building while maintaining a compliant rental setup for the licensed units. For prospective buyers, the unit mix—ranging from 1-bedroom to a 3-bedroom layout—can provide flexibility in tenant targeting within the constraints of the current licensing status.
The property is located in Philadelphia’s Strawberry Mansion neighborhood. The listing notes proximity to Fairmount Park and Center City, and describes the area as continuing to draw investor attention. The site includes a total lot size of 0.0421 acres.
From an ownership and operations standpoint, the property is currently licensed for four units, with the fifth unit not included in zoning or licensing. That licensing structure may support an owner-occupant seeking to live in the building while maintaining a compliant rental setup for the licensed units. For prospective buyers, the unit mix—ranging from 1-bedroom to a 3-bedroom layout—can provide flexibility in tenant targeting within the constraints of the current licensing status.
Key Highlights
- 3,271 SF three‑story multifamily built in 1915 with masonry construction
- Five total residential units: three 1 bed/1 bath, one 2 bed/2 bath, and one 3 bed/2 bath
- Licensed for four (4) units; 5th unit is not part of zoning and not licensed
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $99.3k | $30.36 |
| − Vacancy | −$5.8k | −$1.76 |
| EGI | $93.5k | $28.60 |
| − OpEx | −$42.1k | −$12.87 |
| NOI | $51.5k | $15.73 |
3,271 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$735.0K
$643.1K – $857.5K
NOI $51,451 @ 7.0% cap · market cap 7.40%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$797.4K
$697.7K – $930.3K
NOI $55,819 @ 7.0% cap · market cap 8.03%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Renovated three-story multifamily with five renovated units, including multiple bedroom configurations and in-unit laundry.
Where is this apartment building located?
The property is located at 1829 N 33RD Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: 3,271 SF three‑story multifamily built in 1915 with masonry construction; Five total residential units: three 1 bed/1 bath, one 2 bed/2 bath, and one 3 bed/2 bath; Licensed for four (4) units; 5th unit is not part of zoning and not licensed
