619 N 35TH STREET Philadelphia, PA 19104
Fully leased, newly constructed multifamily building with retail space.
Type:Commercial/Industrial
Property size:
1,500 SFLot size:
0.14 Acres- Added:
- Mar 24, 2026
- Days on Market:
- 11
- Last Refresh:
- Feb 10 at 11:26 pm
Property Features for 619 N 35TH STREET
General Information
- Standard status
- Active
- Size
- 1,500 SF
- Lot size
- 0.14 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1920
Listing agent Or Aharon License #RS354310
Listing office Keller Williams Liberty Place (609) 399-5454
Listing date Mar 24, 2026
Source Exitrealty
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 Keller Williams Liberty Place
Overview
University City Multifamily Investment Property
Located in University City, Philadelphia, this newly constructed multifamily building is a fully leased property featuring 11 apartments with a total of 33 bedrooms and 33 bathrooms. The property also includes 1,500 square feet of retail space. Each apartment is equipped with private bathrooms, large living areas, and modern finishes. The property benefits from a 10-year tax abatement. The property generates an annual gross income of $304,000, with operating expenses of $44,000, resulting in a net operating income (NOI) of $260,000, and a 7.2% cap rate. Situated in the UCITY submarket, the property is positioned near Drexel University and the University of Pennsylvania. The area is characterized by a strong Eds & Meds economy, driving consistent rental demand. This location is within a Top-10 USA MSA (population) and a Top-5 USA MSA for Life Sciences, offering a stable investment environment.
Location Intelligence
Current Use by Public Records
The RYYDA Rick Young ...
Child Welfare Organization
Mantua Community Improve ...
Construction Company
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.1928669
- Latitude
- 39.9643983
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Fully leased, newly constructed multifamily building with retail space.
Where is this apartment building located?
The property is located at 619 N 35TH STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $3,600,000.
What are key features of this property?
This property features: Prime location in University City, steps from Drexel and UPenn, ensuring high rental demand.; Strong **7.2% cap rate** with a net operating income (NOI) of $260K.; 10‑year tax abatement, providing significant cost savings.
