651 N 33RD Street, Philadelphia, PA 19104
MULTI_FAMILY - PHILADELPHIA, PA
- Added:
- Jan 30, 2026
- Days on Market:
- 133
- Last Refresh:
- Jun 12 at 12:06 pm
Property Features for 651 N 33RD Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- On Street
- Standard status
- Active
- Size
- 2,969 SF
- Lot size
- 0.04 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2423
Utilities
- Heating system
- Forced Air, Heat Pump (Heating)
- Cooling system
- Central Air
Building Details
- Year built
- 1935
- Number of units
- 3
- Building materials
- Masonry
Listing agent Aaron Alexander Jones License #RS377443 (610) 850-3535
Listing office Iron Valley Real Estate Exton 686 Wharton Boulevard, Exton, PA (610) 561-1111
Listing date Jan 30, 2026
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.
HighLights
- High Income Potential: Historic gross annual income of $79,800 with a Net Operating Income (NOI) of $66,175.
- Strategic Location: Close proximity to Drexel University and UPenn, ideal for student housing.
- Versatile Unit 3: Vacant 5‑bedroom, 3‑bathroom unit with a self‑contained efficiency, offering flexible rental strategies and high income potential.
- Turnkey Condition: Comprehensively renovated in 2017, providing immediate cash flow with minimal management required.
- Tax Abatement: Remaining tax abatement period provides substantial cost savings for the next two years.
- Existing Rental Income: Units 1 and 2 are currently occupied with yearly leases at $1450 per month each, providing immediate income.
Overview
Local Financial Insights For Multifamily LT 5
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 | $76.6k | $25.80 |
| − Vacancy | −$4.2k | −$1.42 |
| EGI | $72.4k | $24.38 |
| − OpEx | −$21.7k | −$7.31 |
| NOI | $50.7k | $17.06 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.1903511
- Latitude
- 39.9654609
