651 North 33rd Street Philadelphia, PA 19104
Triplex near universities, renovated in 2017, with income potential.
Type:Multi-Family / Fee Simple
Property size:
2,969 SF- Added:
- Jan 19, 2026
- Days on Market:
- 88
- Last Refresh:
- Mar 13 at 1:08 pm
Property Features for 651 North 33rd Street
General Information
- Standard status
- Active
- Size
- 2,969 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1935
Listing agent Aaron Alexander Jones License #RS377443 (610) 850-3535
Listing office Iron Valley Real Estate Exton (610) 850-3535
Listing date Jan 19, 2026
Source Compass
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All listing content including descriptions, pricing, images are the copyrighted material of Iron Valley Real Estate Exton
Overview
Turnkey Triplex Near Drexel & UPenn
This triplex presents an opportunity for investors, owner occupants, or parents of college students. Located near Drexel University and the University of Pennsylvania, the property offers the potential to house a student in one unit while generating income from the others. Unit 1 and Unit 2 each feature 2 bedrooms and 1 bathroom, and are currently occupied on yearly leases at $1450 per month. Unit 3 is a 5-bedroom, 3-bathroom unit, currently owner-occupied with individual room rentals. This unit includes a self-contained efficiency with its own mini kitchen and private bath. Historic room rental rates have been $900, $800, $700, $700, and $650 per month, providing a monthly income of $3,750 from this unit alone. The owner will be relocating upon sale, and Unit 3 can be delivered vacant at settlement, giving the new owner flexibility to continue the room rental model or lease the entire unit. The property was comprehensively renovated in 2017. The property provides immediate cash flow with tax savings. Historic gross annual income is $79,800 with annual operating expenses totaling approximately $13,602. The Net Operating Income (NOI) is $66,175. The property size is 2969 square feet. The remaining tax abatement period provides cost savings over the next two years.
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.1901469
- Latitude
- 39.9656729
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Triplex near universities, renovated in 2017, with income potential.
Where is this triplex located?
The property is located at 651 North 33rd Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: High Income Potential: Historic gross annual income of $79,800 with a Net Operating Income (NOI) of $66,175.; Prime Location: Close proximity to Drexel & UPenn, ideal for student housing.; Versatile Unit 3: Spacious 5‑bedroom, 3‑bathroom unit with a self‑contained efficiency for maximizing rental income.
