Three-Unit Multifamily
For Sale
Under Contract
$250,000
643 N PRESTON Street, Philadelphia, PA 19104
MULTI_FAMILY - Other - PHILADELPHIA, PA
Property Size2,580 SF
Lot Size0.03 Acres
Price / SF$96.90
Days on Market81
Property Features for 643 N PRESTON Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Rooms
Basement
Parking features
On Street
Subdivision
UNIVERSITY CITY
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active Under Contract
Size
2,580 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Annual Amount
1979
Building Details
Year built
1925
Number of units
3
Building materials
Masonry
Architectural style
Other
Listing Agency:
Keller Williams Realty Group
(610) 792-5900
Listed By:
Eric D Feinberg · License #RS318964
(484) 948-5872
Added: May 14
Changed: Jul 23
Last Checked: Aug 2 at 8:06PM
MLS# PAPH2621198
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 multifamily property is already framed for a three-unit layout, with spacious two-bedroom units planned for the second and third floors. The first floor was previously approved for restaurant use, and buyers should verify the current status of any permits with the city. The listing notes there is no power in the building, so a flashlight is recommended for showings.
The property is described as being in Philadelphia’s University City area, positioned along the Lancaster Avenue commercial corridor. Public remarks reference strong rental demand tied to students and young professionals, and mention ongoing expansion of Schuylkill Yards in the surrounding area.
Prospective buyers and developers can evaluate the existing framing and previously approved use as they plan redevelopment for three apartments or a mixed-use configuration, based on their due diligence and permitting requirements.
The property is described as being in Philadelphia’s University City area, positioned along the Lancaster Avenue commercial corridor. Public remarks reference strong rental demand tied to students and young professionals, and mention ongoing expansion of Schuylkill Yards in the surrounding area.
Prospective buyers and developers can evaluate the existing framing and previously approved use as they plan redevelopment for three apartments or a mixed-use configuration, based on their due diligence and permitting requirements.
Key Highlights
- Prime location in Philadelphia's rapidly growing University City, near Drexel and UPenn.
- High redevelopment potential along the visible Lancaster Avenue commercial corridor.
- Framed for a three‑unit layout with spacious two‑bedroom units on upper floors.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
3,420
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?
Triplex - Building is framed for a three-unit layout with two-bedroom units on the second and third floors.
Where is this triplex located?
The property is located at 643 N PRESTON Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Prime location in Philadelphia's rapidly growing University City, near Drexel and UPenn.; High redevelopment potential along the visible Lancaster Avenue commercial corridor.; Framed for a three‑unit layout with spacious two‑bedroom units on upper floors.
