Student Rental Single-Family
PHILADELPHIA, PA 19104 Philadelphia, PA 19104
Philadelphia, PA, 19104
$600,000
For Sale
$600,000
SINGLE_FAMILY - PHILADELPHIA, PA
Property Size1,350 SF
Price / SF$444.44
Days on Market123
Property Features
General Information
- Property type
- Residential
- Property subtype
- Duplex
- Bedrooms
- 6
- Bathrooms
- 2
- Rooms
- Bedroom 1, Bedroom 4, Bedroom 5, Bedroom 6, Bedroom 2, Bedroom 3
- Standard status
- Active
- Size
- 1,350 SF
Building Details
- Year built
- 1920
Listing Agency
BHHS Fox & Roach Center City-Society Hill
(215) 627-6005
PA
Listed by
Frank DeFazio
(610) 636-4364
Added: Mar 18 Checked: Jul 18 at 10:06 am
MLS# PAPH2595382
Copyright © 2026 Berkshire Hathaway HomeServices Fox & Roach, Realtors. 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 single-family rental property is configured as a student-friendly layout with six bedrooms and two full bathrooms. The home includes shared living areas and a full kitchen. It is currently fully leased through August 31, 2026, providing $4,600 per month in scheduled rent.
Located in Powelton Village near Drexel University and the University of Pennsylvania, the property also benefits from nearby public transportation and neighborhood amenities. Public remarks note a 100% occupancy history with no meaningful vacancy history.
According to the listing, the property’s operating profile includes low operating expenses, low property taxes, and low insurance costs. The annual gross rent is reported as $55,200, and the asking price is $600,000.
Located in Powelton Village near Drexel University and the University of Pennsylvania, the property also benefits from nearby public transportation and neighborhood amenities. Public remarks note a 100% occupancy history with no meaningful vacancy history.
According to the listing, the property’s operating profile includes low operating expenses, low property taxes, and low insurance costs. The annual gross rent is reported as $55,200, and the asking price is $600,000.
Key Highlights
- 6‑bedroom, 2‑bath student rental at 416 N 31st Street, built in 1920
- Currently fully leased through August 31, 2026 at $4,600/month
- Annual gross rent of $55,200
Local Financial Insights For Apartment 5plus
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 | $41.0k | $30.36 |
| − Vacancy | −$2.4k | −$1.76 |
| EGI | $38.6k | $28.60 |
| − OpEx | −$17.4k | −$12.87 |
| NOI | $21.2k | $15.73 |
1,350 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$303.4K
$265.4K – $353.9K
NOI $21,235 @ 7.0% cap · market cap 3.54%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$329.1K
$288.0K – $384.0K
NOI $23,038 @ 7.0% cap · market cap 3.84%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Single family properties
Similar For Sale Nearby
FAQs
What type of property is this?
Single family property - Fully leased 6-bedroom, 2-bath home generating $4,600 per month through August 31, 2026.
Where is this single family property located?
The property is located at Philadelphia, PA.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 6‑bedroom, 2‑bath student rental at 416 N 31st Street, built in 1920; Currently fully leased through August 31, 2026 at $4,600/month; Annual gross rent of $55,200
