643 North Preston Street Philadelphia, PA 19104

Building Details

Year Built

1925

Listing office Keller Williams Realty Group e***@kw.com Show Phone

Listing date May 13, 2026

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Investment Insights

Based on property information with market context.

Located in Philadelphia’s University City neighborhood, this property presents an opportunity for investors, developers, and builders. Positioned along Lancaster Avenue, the property offers potential for redevelopment and long-term appreciation. The building has been framed for a three-unit layout, featuring two-bedroom units on the second and third floors. The first floor was previously approved for restaurant use; buyers should verify the current status of any permits with the city. The location is surrounded by rental demand from students from Drexel University and the University of Pennsylvania, as well as young professionals. The expansion of Schuylkill Yards is expected to transform the area and increase property values. The property presents possibilities in a rapidly appreciating market for developing apartments or creating a mixed-use investment property. The property size is 2580 square feet. Transportation options include the airport less than 10 miles away, a bus stop less than 1 mile away, a metro/subway station less than 1 mile away, and a commuter rail station 1 to 5 miles away.

Key Highlights

• Prime location in Philadelphia's University City, a rapidly growing area with high visibility on Lancaster Avenue.
• Pre‑existing framing for a three‑unit layout with spacious two‑bedroom units on the second and third floors.
• Strong rental demand driven by proximity to Drexel University, University of Pennsylvania, and young professionals.

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FAQs

What type of property is this?

Triplex - Property in booming University City neighborhood with redevelopment potential.

Where is this triplex located?

The property is located at 643 North 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 University City, a rapidly growing area with high visibility on Lancaster Avenue.; Pre‑existing framing for a three‑unit layout with spacious two‑bedroom units on the second and third floors.; Strong rental demand driven by proximity to Drexel University, University of Pennsylvania, and young professionals.