643 N PRESTON Street Philadelphia, PA 19104

Building Details

Year built

1925

Number of units

3

Building materials

Masonry

Architectural style

Other

Listing agent Eric D Feinberg License #RS318964 Show Phone

Listing office Keller Williams Realty Group t***@kw.com 400 Arcola Road unit: A5, Limerick, PA Show Phone

Listing date May 14, 2026

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MLS# PAPH2621198 Listing URL

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.

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Investment Insights

Based on property information with market context.

Located in Philadelphia's University City neighborhood, this property presents an opportunity for investors, developers, and builders. Situated along the Lancaster Avenue commercial corridor, the property offers potential for redevelopment and long-term appreciation. The building has been framed for a three-unit layout, featuring two-bedroom units on the second and third floors. The first floor was previously approved for restaurant use; buyers should verify the current status of any permits with the city. The location benefits from rental demand driven by students from Drexel University and the University of Pennsylvania, as well as young professionals. The expansion of Schuylkill Yards is expected to transform the area and increase property values. The property is suitable for developing three apartments or creating a mixed-use investment property. The property size is 2580 square feet and the lot size is 0.0318 acres.

Key Highlights

• Prime location in Philadelphia's rapidly growing University City, near Drexel and UPenn.
• High redevelopment potential along the visible Lancaster Avenue commercial corridor.
• Framed for a three‑unit layout with spacious two‑bedroom units on upper floors.

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FAQs

What type of property is this?

Triplex - Three-unit building in booming University City neighborhood.

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: Prime location in Philadelphia's rapidly growing University City, near Drexel and UPenn.; High redevelopment potential along the visible Lancaster Avenue commercial corridor.; Framed for a three‑unit layout with spacious two‑bedroom units on upper floors.