500 N 34TH Street, Philadelphia, PA 19104
MULTI_FAMILY - PHILADELPHIA, PA
- Added:
- May 8, 2026
- Days on Market:
- 51
- Last Refresh:
- Jun 27 at 11:06 pm
Property Features for 500 N 34TH Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking features
- On Street
- Standard status
- Active
- Size
- 3,120 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Annual Amount
- 9294
Utilities
- Heating system
- Central, Electric (Heating), Baseboard
- Cooling system
- Central Air, Window Unit(s)
Building Details
- Year built
- 1935
- Number of units
- 2
- Building materials
- Masonry
Listing agent Cheng Qiu Zheng License #Rs343309 (267) 593-5054
Listing office Realty Mark Cityscape 1500 John F Kennedy Boulevard unit: 1510, Southampton, PA (215) 583-7777
Listing date May 8, 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
- Multi‑level rental property at 500 N 34th St, Philadelphia, PA 19104 (Year built: 1935)
- Room and bathroom layout: first floor has 4 private rooms and 3 bathrooms; second floor has 1 room and 1 bathroom
- Third floor adds 4 private rooms and 3 bathrooms, supporting multiple rental configurations
- Basement included; constructed with masonry exterior materials
- Heating includes electric (heating) with central and baseboard systems
- Cooling includes central air plus window unit(s); on‑street parking available
Overview
Located at 500 N 34th Street in Philadelphia, the property is positioned in the University City area. The listing notes proximity to Drexel University, UPenn, major hospitals, public transportation, restaurants, and shopping, along with convenient access toward Center City and I-76, as well as SEPTA and healthcare campuses.
For buyers and operators, the combination of multiple private rooms and multiple bathrooms may be attractive for tenant groupings that value shared living arrangements or longer-term residential leasing. The property’s multi-level, multi-room configuration is designed to support separate leasing of rooms within one building, while its stated access to universities, hospitals, and transit can help align the asset with tenant demand driven by those employers and institutions.
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 | $80.5k | $25.80 |
| − Vacancy | −$4.4k | −$1.42 |
| EGI | $76.1k | $24.38 |
| − OpEx | −$22.8k | −$7.31 |
| NOI | $53.2k | $17.06 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.1917
- Latitude
- 39.96301
