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    704 N Preston St Philadelphia, PA 19104

    Under Contract
    For Sale
    $330,000

    MULTI_FAMILY - Other - PHILADELPHIA, PA

    Property size:
    1,896 SF
    Lot size:
    0.04 Acres
    Days on Market:
    67
    Last Refresh:
    Dec 7 at 7:06 am

    Property Features for 704 N Preston St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active Under Contract
    Rooms
    Basement
    Parking features
    On Street
    Interior features
    Bathroom - Tub Shower, Kitchen - Eat-In, Wood Floors, Recessed Lighting
    Appliances
    Oven/Range - Electric, Refrigerator, Stove, WaterHeater
    Size
    1,896 SF
    Lot size
    0.04 Acres

    Utilities

    Heating system
    Forced Air

    Building Details

    Year built
    1925
    Number of units
    3
    Building materials
    Masonry
    Architectural style
    Other

    Newtown Partners Realty, LLC (215) 860-4200 [email protected]

    Listing agent Alexa N Smith (267) 235-0420 License #RS332483

    Listing date Oct 2, 2025

    Copyright © 2025 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.

    Overview

    Well-Maintained Philadelphia Triplex Investment

    This well-maintained triplex at 704 N Preston St, Philadelphia, presents an investment opportunity. The building features three units, with one vacant unit suitable for an owner occupant. The vacant first-floor unit includes a living room with natural light, cherry bamboo flooring, two bedrooms, a kitchen with an electric cooktop, a tiled bath, and access to a rear fenced yard. The first floor also provides access to an unfinished basement. The basement houses three electric water heaters, one for each unit, and three electric meters. The second floor contains an occupied one-bedroom unit with a living room, an eat-in kitchen, a remodeled tile bath with a tub, and a bedroom. The third floor is a studio apartment with a kitchen, cherry bamboo flooring, a bathroom, and a main space used as a bedroom. The property uses forced air. New roofs were installed in 2025 on both the main roof and porch roof. Zoned RM1, the property is located off Fairmount Ave, providing convenient access for students attending Drexel University and the University of Pennsylvania. It is near the Philadelphia Art Museum and Center City, with public transit options and proximity to major highways such as I95, the Expressway, and I76. The 0.04-acre lot is located in an area with new construction.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Delaware
    State
    Pennsylvania
    Longitude
    -75.20405579
    Latitude
    39.96522903

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    FAQs

    What type of property is this?
    Triplex - Move-in ready triplex near Fairmount Ave, ideal for investors.
    Where is this triplex located?
    The property is located at 704 N Preston St Philadelphia, PA.
    What is the asking price?
    The asking price for this property is $330,000.
    What are key features of this property?
    This property features: - Triplex with one vacant unit, ideal for owner-occupant or immediate rental income.; - New roofs installed in 2025 (main and porch), reducing near-term maintenance costs.; - Zoned RM1, simplifying investment in Philadelphia.
    (267) 235-0420
    Request Owner's contact information
    704 N Preston St Philadelphia, PA 19104
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    Philadelphia, PA 19104
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    704 N Preston St Philadelphia, PA 19104
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