Fully Leased Multifamily Building with
619 N 35th Street Philadelphia, PA 19104
For Sale
$3,800,000
Newly constructed, fully leased 11-unit apartment building with private baths and attached retail space.
Property Size1,460 SF
Price / SF$2,602
Days on Market252
Property Features for 619 N 35th Street
General Information
- Standard status
- Active
- Size
- 1,460 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1920
Listing Agency:
Keller Williams Liberty Place
Listed By:
Or Aharon
Source:
Deepcreeklake
Added: Nov 14, 2025
Changed: Jul 10
Last Checked: Jul 23 at 9:06AM
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
Investment Insights
Based on property information with market context.
This newly constructed multifamily building is fully leased and configured with 11 apartments totaling 33 bedrooms and 33 bathrooms, with each unit featuring private bathrooms, large living areas, and modern finishes. The property also includes retail space totaling 1,460 square feet. A 10-year tax abatement is in place.
Located in University City, the property is just steps from Drexel University and the University of Pennsylvania. It combines residential income with ground-floor retail, providing an integrated mixed-use setup in a high-demand student and workforce area.
For investors seeking a turnkey income stream, the building is presented as fully leased, with stated annual gross income of $322,000 and operating expenses of $67,000, resulting in $255,000 net income. The offering is described with a 6.7% cap rate based on provided figures. The combination of modern unit layouts, private bathroom design, retail component, and tax abatement may appeal to buyers looking for a stabilized multifamily asset with both residential and retail cash flow under one ownership structure.
Located in University City, the property is just steps from Drexel University and the University of Pennsylvania. It combines residential income with ground-floor retail, providing an integrated mixed-use setup in a high-demand student and workforce area.
For investors seeking a turnkey income stream, the building is presented as fully leased, with stated annual gross income of $322,000 and operating expenses of $67,000, resulting in $255,000 net income. The offering is described with a 6.7% cap rate based on provided figures. The combination of modern unit layouts, private bathroom design, retail component, and tax abatement may appeal to buyers looking for a stabilized multifamily asset with both residential and retail cash flow under one ownership structure.
Key Highlights
- Newly constructed, fully leased 11‑unit multifamily building in University City
- 11 apartments offering 33 bedrooms and 33 bathrooms, with private bathrooms in each unit
- Includes attached 1,460 SF of retail space
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
The RYYDA Rick Young ...
Child Welfare Organization
Mantua Community Improve ...
Construction Company
FAQs
What type of property is this?
Apartment building - Newly constructed, fully leased 11-unit apartment building with private baths and attached 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 $3,800,000.
What are key features of this property?
This property features: Newly constructed, fully leased 11‑unit multifamily building in University City; 11 apartments offering 33 bedrooms and 33 bathrooms, with private bathrooms in each unit; Includes attached 1,460 SF of retail space
