University City Multifamily Investment
For Sale
$985,000
3627 POWELTON Avenue, Philadelphia, PA 19104
MULTI_FAMILY - Colonial - PHILADELPHIA, PA
Property Size2,712 SF
Lot Size0.07 Acres
Price / SF$363.20
Days on Market103
Property Features for 3627 POWELTON Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement
Parking
2
Parking features
Parking Lot
Elementary school district
THE SCHOOL DISTRICT OF PHILADELPHIA
Middle school district
THE SCHOOL DISTRICT OF PHILADELPHIA
High school district
THE SCHOOL DISTRICT OF PHILADELPHIA
Standard status
Active
Size
2,712 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
10754
Utilities
Heating system
Hot Water(Heating), Baseboard
Cooling system
Wall Unit(s)
Building Details
Year built
1915
Number of units
4
Building materials
Masonry
Architectural style
Colonial
Listing Agency:
Realty ONE Group Focus
(215) 396-8117
Listed By:
Nelson Sinanaj · License #RS361115
(267) 270-0814
Added: Apr 19
Changed: Jul 9
Last Checked: Jul 30 at 9:06PM
MLS# PAPH2609966
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.
Located in the University City area of Philadelphia, this multifamily property at 3627 Powelton Avenue is within a 10-minute walk of Drexel University. The property contains five units, including four one-bedroom apartments and one two-bedroom apartment, all of which are currently occupied. The building has a total area of 2712 square feet and is situated on a 0.07-acre lot. The property's current gross rental income is $70,000 per year. There is potential to increase the income to $80,000-$90,000 with cosmetic upgrades. The property is being sold in as-is condition.
Key Highlights
- 5‑unit multifamily at 3627 Powelton Ave: 4 one‑bedroom and 1 two‑bedroom unit
- All 5 units are fully occupied; total gross rental income is $70,000 per year
- Opportunity noted to upgrade rents from $80,000 to $90,000 with little cosmetics (per remarks)
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 | $82.3k | $30.36 |
| − Vacancy | −$4.8k | −$1.76 |
| EGI | $77.6k | $28.60 |
| − OpEx | −$34.9k | −$12.87 |
| NOI | $42.7k | $15.73 |
2,712 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$609.4K
$533.2K – $711.0K
NOI $42,658 @ 7.0% cap · market cap 4.33%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$661.1K
$578.5K – $771.3K
NOI $46,280 @ 7.0% cap · market cap 4.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
5,231
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 - Five-unit property near Drexel University with strong income potential.
Where is this apartment building located?
The property is located at 3627 POWELTON Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $985,000.
What are key features of this property?
This property features: 5‑unit multifamily at 3627 Powelton Ave: 4 one‑bedroom and 1 two‑bedroom unit; All 5 units are fully occupied; total gross rental income is $70,000 per year; Opportunity noted to upgrade rents from $80,000 to $90,000 with little cosmetics (per remarks)
