University City Multifamily Investment
For Sale
$1,075,000
223 S 45th Street, Philadelphia, PA 19104
Located in University City, Philadelphia, near universities and amenities.
Property SizeContact for details
Days on Market120
Property Features for 223 S 45th Street
General Information
Standard status
Active
Property subtype
Commercial
Lease Term
[]
Building Details
Year Built
1935
Listing Agency:
JG Real Estate LLC
Listed By:
Ariel L Morgenstein · License #AB067988
(215) 467-4100
Source:
Deepcreeklake
Added: May 8
Changed: Sep 2
Last Checked: Sep 4 at 10:51AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of JG Real Estate LLC
Investment Insights
Based on property information with market context.
Located in Philadelphia’s University City submarket, 223 S. 45th Street presents an investment opportunity in the Spruce Hill neighborhood. The property benefits from its proximity to the University of Pennsylvania and Drexel University, which drives rental demand from students, faculty, and young professionals. The building is fully occupied with 5 units, including one studio with one bathroom, two 1-bedroom units with one bathroom each, one 2-bedroom unit with two bathrooms, and one 3-bedroom unit with three bathrooms. The location provides access to parks, retail, and dining amenities. Strong transit connectivity is available to Center City and major employment hubs. The property offers stable cash flow and long-term appreciation in a resilient rental market.
Key Highlights
- University City location with durable rental demand.
- Fully occupied 5‑unit building providing stable cash flow.
- Located in the desirable Spruce Hill neighborhood.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,527
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Located in University City, Philadelphia, near universities and amenities.
Where is this apartment building located?
The property is located at 223 S 45th Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,075,000.
What are key features of this property?
This property features: University City location with durable rental demand.; Fully occupied 5‑unit building providing stable cash flow.; Located in the desirable Spruce Hill neighborhood.
