Renovated Three-Story Multifamily
For Sale
$695,000
1829 N 33RD Street, Philadelphia, PA 19121
MULTI_FAMILY - PHILADELPHIA, PA
Property Size3,271 SF
Lot Size0.04 Acres
Price / SF$212.47
Days on Market101
Property Features for 1829 N 33RD Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
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
Changed: Jun 30
Last Checked: Jul 31 at 12:06AM
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
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
791
Businesses Nearby
Explore this area
Business Placement
Demographics for 19121, PA
41,799
Population
19,673
Households
2.1
Avg Household Size
28
Median Age
25%
College-Educated
84%
High-School Grad
2.4 sq mi
ZIP Area
17,416
Density / Sq Mi
$36,208
Median Household Income
$29,915
Median Earnings
$1,082
Median Rent
$250,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
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
