Multi-Family Investment
500 N 34TH Street Philadelphia, PA 19104
500 N 34TH Street, Philadelphia, PA, 19104
$900,000
For Sale
$900,000
MULTI_FAMILY - PHILADELPHIA, PA
Property Size3,120 SF
Lot Size0.05 Acres
Price / SF$288.46
Days on Market76
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
- Baseboard, Central, Electric (Heating)
- Cooling system
- Window Unit(s), Central Air
Building Details
- Year built
- 1935
- Number of units
- 2
- Building materials
- Masonry
Listing agency
Realty Mark Cityscape
(215) 583-7777
Listed by
Cheng Qiu Zheng · License #Rs343309
(267) 593-5054
Added: May 8 Updated: Jul 13 at 11:02AM Checked: Jul 22 at 9:06AM
MLS# PAPH2618140
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.
This for-sale multi-family property is configured across three levels, offering a room-based layout that can support a variety of residential leasing approaches. The first floor includes 4 private rooms and 3 bathrooms. The second floor has 1 room and 1 bathroom. The third floor provides an additional 4 private rooms and 3 bathrooms, creating a total of 9 rooms and 7 bathrooms within the building.
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.
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.
Key Highlights
- 500 N 34th St, Philadelphia, PA 19104 multi‑level property built in 1935
- Masonry construction with basement space
- First floor has 4 private rooms and 3 bathrooms
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 |
3,120 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$760.6K
$665.5K – $887.4K
NOI $53,242 @ 7.0% cap · market cap 5.92%
Second Best
Apartment 5plus
$701.1K
$613.5K – $817.9K
NOI $49,076 @ 7.0% cap · market cap 5.45%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Three-level multi-family with 9 rooms and 7 bathrooms, minutes from major universities and transit.
Where is this duplex located?
The property is located at 500 N 34TH Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: 500 N 34th St, Philadelphia, PA 19104 multi‑level property built in 1935; Masonry construction with basement space; First floor has 4 private rooms and 3 bathrooms
