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Three-Unit Masonry Property
For Sale
Under Contract
$250,000

643 N PRESTON Street, Philadelphia, PA 19104

Multi-Family, PHILADELPHIA, PA

Property Size2,580 SF
Lot Size0.03 Acres
Price / SF$96.90
Days on Market109

Property Features for 643 N PRESTON Street

General Information

Property type Residential Multi Family
Property subtype Triplex
Rooms Basement
Parking features On Street
Subdivision UNIVERSITY CITY
Elementary school district PHILADELPHIA CITY
Middle school district PHILADELPHIA CITY
High school district PHILADELPHIA CITY
Standard status Active Under Contract
Size 2,580 SF
Lot size 0.03 Acres

Taxes and HOA fees

Tax Annual Amount 1979

Building Details

Year built 1925
Number of units 3
Building materials Masonry
Architectural style Other
Listing Agency: Keller Williams Realty Group
Listed By: Eric D Feinberg · License #RS318964
Added: May 14 Changed: Aug 20 Last Checked: Aug 30 at 12:06AM
MLS# PAPH2621198

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.

This 2,580-square-foot masonry property was built in 1925 and includes a basement. Interior framing is in place for a three-unit residential configuration, with two-bedroom units planned on the second and third floors. The ground level previously received approval for restaurant use; current permit status should be confirmed with the city. The building currently has no power, and access requires a flashlight.

The property is located at 643 N Preston Street in Philadelphia’s University City area, along the Lancaster Avenue commercial corridor. Parking is available on the street. The 0.0318-acre parcel is positioned within an established urban setting that includes nearby Drexel University and the University of Pennsylvania.

Key Highlights

  • Framed three‑unit residential configuration
  • Two‑bedroom units planned on the second and third floors
  • Ground floor previously approved for restaurant use; verify current permits

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Electrical Service Law Firm (Bike/Boat/Book/etc) Store Plumbing Service Kitchen & Bath Showroom Florist

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

3,420
Businesses Nearby

Demographics for 19104, PA

56,839
Population
23,888
Households
2.4
Avg Household Size
26
Median Age
47%
College-Educated
90%
High-School Grad
3.1 sq mi
ZIP Area
18,335
Density / Sq Mi
$39,526
Median Household Income
$18,420
Median Earnings
$1,329
Median Rent
$268,200
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Interior framing is in place for residential units, with prior restaurant-use approval reported for the ground level.
Where is this triplex located?
The property is located at 643 N PRESTON Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Framed three‑unit residential configuration; Two‑bedroom units planned on the second and third floors; Ground floor previously approved for restaurant use; verify current permits
More about this property
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