811 N PRESTON Street Philadelphia, PA 19104
MULTI_FAMILY - Other - PHILADELPHIA, PA
Property Features for 811 N PRESTON Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking features
- On Street
- Appliances
- Built-In Microwave, Dryer - Gas, Stove, Washer, Refrigerator
- Standard status
- Active
- Size
- 2,348 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Annual Amount
- 5170
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1915
- Number of units
- 3
- Building materials
- Masonry
- Architectural style
- Other
Listing agent Shawn Washington License #RS316570 (610) 766-1682
Listing office Keller Williams Main Line 6 Coulter Avenue unit: 2, Ardmore, PA (610) 520-0100
Listing date Jun 15, 2026
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.
The property is located in Philadelphia’s 19104 area, with the listing describing proximity to the University City district. The remarks cite access to Drexel University, the University of Pennsylvania, and Penn Presbyterian Medical Center, along with public transit options, nearby bike lanes, and proximity to Lancaster Avenue trolley lines.
For tenants and operators, the straightforward unit mix and in-unit laundry reduce shared-laundry friction and support everyday usability. The fully finished, currently occupied configuration may appeal to buyers looking for a ready-to-manage building, and the listing also notes an unfinished basement that could offer additional space for future customization, subject to approvals.
Key Highlights
- 3‑unit multi‑family building at 811 N. Preston Street, built in 1915
- All three units are currently occupied, providing immediate rental income
- Each unit features 2 bedrooms and 1 full bathroom, plus an in‑unit washer and gas dryer
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $60.6k | $25.80 |
| − Vacancy | −$3.3k | −$1.42 |
| EGI | $57.2k | $24.38 |
| − OpEx | −$17.2k | −$7.31 |
| NOI | $40.1k | $17.06 |
