Investments Sales Management

Traditional

516 N PRESTON STREET

PHILADELPHIA, PA 19104

MLS#: PAPH2675564

$675,000

Status: Active
Listing number: PAPH2675564
Listing provided by: Compass Pennsylvania, LLC
Listing agent phone: None
Last update: a day ago
New on site 1 day ago
Browse Properties
POWELTON VILLAGE - Residential Income

Property

Beds

4

Full Baths

None

1/2 Baths

None

Year Built

2009

Sq.Footage

3,732

Fantastic Investment or Owner-Occupant Opportunity! Don’t miss this well-maintained triplex in the thriving West Powelton neighborhood, offering a combination of existing rental income and flexibility for an owner-occupant or investor. The property features three units with a total of eight bedrooms. The spacious bi-level four-bedroom, two-bath unit includes a kitchen, two living areas, and a private patio. The second and third floors each feature an updated two-bedroom, one-bath apartment. One of the three units is currently vacant, providing an excellent opportunity for an owner-occupant to live in one unit while generating rental income from the other two, or for an investor to lease all three units and maximize the property's income potential. Each apartment features hardwood and ceramic tile flooring, modern kitchens with gas stoves, in-unit washers and dryers, and individual heating and central air conditioning. Recent improvements include newer HVAC systems in Units A, B, and C, vinyl siding, a new water service line, a new dishwasher in Unit A, and a new range and microwave in Unit C. Ideally located in West Powelton, the property is just minutes from the University City Science Center, Drexel University, and the University of Pennsylvania, as well as numerous dining, coffee, and entertainment options. Multiple SEPTA transportation options provide convenient access throughout the city, while Center City is less than ten minutes away by car or bicycle. Whether you're looking for an income-producing investment, an owner-occupied property with rental income to offset your housing costs, or an opportunity to lease all three units, this versatile triplex offers an attractive combination of location, functionality, and upside potential.

Features & Amenities

Interior

  • Total Bedrooms

    4

  • Bathrooms

    N/A

  • Above Grade Finished Area

    2832.0

  • Basement YN

    YES

  • Cooling YN

    YES

  • Cooling

    Central Air, Electric

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Natural Gas, Forced Air

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Brick Veneer, Vinyl Siding

  • Parking

    On Street

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.03

  • Lot Size(square feet)

    1,524

  • Property Type

    Residential Income

  • Property Sub Type

    Triplex

  • Architectural Style

    Traditional

Price

  • Sales Price

    $675,000

  • Tax Amount

    $8,016

  • Sq. Footage

    3,732

  • Price/SqFt

    $180

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • New Construction

    NO

  • Foundation Details

    Concrete Perimeter

  • Sewer

    Public Sewer

  • Tax Lot

    240

  • Water Source

    Public

Schedule a Showing

Showing scheduled successfully.

<
>
IN PERSON
VIA CHAT

What is 3 + 4 ?


Change time

Mortgage calculator

Estimate your monthly mortgage payment, including the principal and interest, property taxes, and HOA. Adjust the values to generate a more accurate rate.

Your payment

Principal and Interest:

$

Property taxes:

$

HOA fees:

$

Total loan payment:

$

Total interest amount:

$

Location

County

PHILADELPHIA

Elementary School

Middle School

High School

Listing Courtesy of Jordan B Wiener, Compass Pennsylvania, LLC

RealHub Information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. RealHub website owner shall not be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

Agent Nick Polinchock

Owner, Chief Executive Officer, Portfolio Advisor

Nick Polinchock

Call Nick today to schedule a private showing.

(267) 614-1331

(215) 821-8836

nick@tntrealestatesolutions.com


* Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request.© 2024 FMLS.
Fantastic Investment or Owner-Occupant Opportunity! Don’t miss this well-maintained triplex in the thriving West Powelton neighborhood, offering a combination of existing rental income and flexibility for an owner-occupant or investor. The property features three units with a total of eight bedrooms. The spacious bi-level four-bedroom, two-bath unit includes a kitchen, two living areas, and a private patio. The second and third floors each feature an updated two-bedroom, one-bath apartment. One of the three units is currently vacant, providing an excellent opportunity for an owner-occupant to live in one unit while generating rental income from the other two, or for an investor to lease all three units and maximize the property's income potential. Each apartment features hardwood and ceramic tile flooring, modern kitchens with gas stoves, in-unit washers and dryers, and individual heating and central air conditioning. Recent improvements include newer HVAC systems in Units A, B, and C, vinyl siding, a new water service line, a new dishwasher in Unit A, and a new range and microwave in Unit C. Ideally located in West Powelton, the property is just minutes from the University City Science Center, Drexel University, and the University of Pennsylvania, as well as numerous dining, coffee, and entertainment options. Multiple SEPTA transportation options provide convenient access throughout the city, while Center City is less than ten minutes away by car or bicycle. Whether you're looking for an income-producing investment, an owner-occupied property with rental income to offset your housing costs, or an opportunity to lease all three units, this versatile triplex offers an attractive combination of location, functionality, and upside potential.

516 N PRESTON STREET

Message successfully sent.

What would you like to know?

What is 3 + 4 ?

I agree to receive email communication and understand I can unsubscribe at any time.

I agree to be contacted by TNT Real Estate Solutions via call, email, and text for real estate services. To opt out, you can reply 'stop' at any time or reply 'help' for assistance. You can also click the unsubscribe link in the emails. Message and data rates may apply. Message frequency may vary. Privacy Policy

Related Properties

A Triplex apartment near Temple University. Each unit has 3 bedrooms with 2 full bath. All kitchen in the units have been redone with Quartz counter tops. Laminate floor throughout the units. The shared wash and dryer are in the basements. This is a great apartment for student housing or for family want to live near by the University area. Easy access to public transportations. This can be a package due with 1834 N 18h street and the adjacent corner unit 1840 N 18th St. Investor dream owning multiple units and buildings near the university.
#PAPH2639432

PHILADELPHIA

1538 N 18TH STREET

9 Beds

None Baths

3,090 Sq.Ft.

$589,999

MLS#: PAPH2639432

Take advantage of this incredible opportunity to own a commercial income-generating property in one of the hottest areas of the city! This mixed-use building is located in the heart of Passyunk Square, just steps from Passyunk Ave and in the middle of all of the shops, cafes, and restaurants and more that this amazing community has to offer. The commercial space is located on the first floor and is currently set up as a hair and nail salon, which has been in business and thriving for over 22 years- a testament to the stability and the prime location of this property. The business is not included in the sale of the property (building only) and the current renewal term of the commercial lease expires in February 2027, allowing a potential buyer to use the commercial space for their own business- or continue leasing and collect the rent. The unique position of the building allows for maximum frontage along Reed Street (which enjoys a lot of foot traffic) and a more private entrance to the 2nd floor apartment on Alder Street. There is ample street parking in front of the building, as well as in the large ACME shopping plaza across the street, which makes it convenient for people patronizing the business. The commercial space spans the 1st floor and the basement, which has a large door with a steps and a ramp to the exterior yard, providing easy access for storage or more. It also already has a ramp installed to the entrance of the commercial space, which avoids one of the more expensive accessibility modifications that many business have to resolve. On the second floor you'll find a bright and sunny two-bedroom apartment, with hardwood floors, several closets, full 3 piece bathroom, and washer and dryer. This apartment was previously occupied by the owner and is now vacant, in case the buyer would like to occupy it. If not, it is in impeccable shape and is ready to rent- and rentals in Passyunk go extremely quickly. In an extremely walkable location, within two blocks of the property you'll find a large supermarket, post office, pharmacy, dog park and playground, gym, as well as many restaurant and shops. Close to public transportation, easy access to major roadways and only 3 blocks from the Broad Street subway line, this location can't be beat!
#PAPH2640268

PHILADELPHIA

1013 REED STREET

2 Beds

None Baths

2,169 Sq.Ft.

$750,000

MLS#: PAPH2640268

Beautiful triplex constructed in 2016 available for sale, Great investment opportunity! The building is in very good condition, Close to Temple University. Home features 3 apartments. First floor is a bi-level apartment, with access to the nice sized back yard, covering the first floor and finished basement. Basement level features 2 bedrooms, 2 full baths, living room with a full size washer and dryer. On the first floor is the kitchen, dining room, 3 bedrooms and 2 full baths. 2nd floor is a 4 bedroom, 4 bath apartment, also with a washer and dryer, kitchen. 3rd floor apartment is also 4 bedrooms, 4 full baths, with washer and dryer, kitchen. All apartments feature hardwood and tile floors. Tiled showers and bathrooms. Central AC for each apartment, separate meters for each apartment for water and electric, tenants pay all utilities. Close to shopping, public transportation and Temple University makes this perfect to rent out to college students. All apartments currently tenant occupied. Perfect for investment or owner occupied while having rental income from the other apartments. Schedule your showing today!
#PAPH2483590

PHILADELPHIA

1431 N 17TH STREET

None Beds

None Baths

4,053 Sq.Ft.

$650,000

MLS#: PAPH2483590

THE BUYER SHOULD BUY 2 TOGETHER, 2 buildings for sale , 3 STORY BUILDING located at 2139 S 7Th St, Philadelphia, PA 19148-3206 ( Tax ID: 884347985 ) and 2 story building located at 641 Jackson St, Philadelphia, PA 19148-3226 ( Tax ID : and O871178450 ) The building has 3 floors and a basement. The first floor has been used by the current seller as a grocery business for a long time so all the equipment including the selves , counter, remains intact. The 2nd and 3rd floors are 5-bedroom apartments which are very clean and can accommodate a large family. You can run the business downstairs while doing so or you can open other busness . The population density is particularly high so this store is currently being inquired about. There is a building at the end of the building. The building is completely divided into two.
#PAPH2559272

PHILADELPHIA

641 JACKSON STREET

None Beds

None Baths

960 Sq.Ft.

$790,000

MLS#: PAPH2559272

Welcome to 1613 W. Diamond Street, a turnkey, legally zoned RM-1 triplex located just minutes from Temple University in one of Philadelphia's fastest growing neighborhoods, where strong rental demand and continued redevelopment create excellent long term investment potential. Remember 2020 interest rates? Here's your chance to get one again. While today's buyers are facing much higher borrowing costs, 1613 W. Diamond St. offers an assumable FHA loan with an incredibly low 2.25% interest rate, subject to lender approval and buyer qualification. Opportunities like this are exceptionally rare and could save the next owner hundreds of dollars each month and tens of thousands over the life of the loan. This well maintained property features three spacious 3 bedroom apartments. Unit 1 offers 3 bedrooms and 1 bathroom and is currently rented month to month at $1,525/month, providing flexibility for an owner occupant or investor. Units 2 and 3 each feature 3 bedrooms and 2 full bathrooms and are rented for $2,000/month and $2,050/month, respectively. The property currently averages approximately $6,200 per month in rental income. With tenants paying their own electric, this property offers attractive cash flow with low operating expenses. The property has seen numerous recent improvements, including three newer hot water heaters (all approximately 1 to 2 years old), an upgraded water pressure pump, new flooring in Unit 1, fresh paint throughout all three units, a washer and dryer drain system added to Unit 3, a front door keypad, and backyard furnishings that enhance the outdoor space. Each unit comes equipped with stainless steel appliances, its own washer and dryer, high speed WiFi, and window air conditioning units. The sale also includes three flat screen TVs, three living room couches, two kitchen tables with chairs, three TV consoles, the property's WiFi modem and network setup, three high speed routers, more than nine window AC units, and all tools, paint, and maintenance supplies stored in the basement, making this a truly turnkey investment. Additional features include a Landlord Locks universal key system, allowing tenants access to the foyer and their own unit while maintaining privacy from the other apartments, plus separate bedroom keys. The property also includes a security camera system that is already installed and ready to be configured, as well as a security system in Unit 1 that can be armed to alert against intruders. Whether you're looking to expand your investment portfolio, take advantage of the assumable low interest FHA loan, or own a high performing property in one of Philadelphia's strongest rental markets, 1613 W. Diamond Street is an exceptional opportunity you won't want to miss.
#PAPH2655920

PHILADELPHIA

1613 W DIAMOND STREET

9 Beds

None Baths

2,980 Sq.Ft.

$660,000

MLS#: PAPH2655920

Beautiful, well-maintained, legal 3 unit apartment building located in University City for sale. - Unit1, 3 bedroom 1 bath on 1st floor with full unfinished basement, access to the backyard, - unit2, 2 bedroom 1 bath on the 2nd floor, - unit3, 3 bedroom 2 full bathroom on the 3rd floor. All units are fully occupied, and washer and dryer in each unit, hardwood floors throughout whole building LOCATION--Situated in an idea location just off the campuses of University of the Sciences and Penn and close to HUP, CHOP, Drexel, Presby, Science Center. Plus 12 minutes to Center City by car or bike and plenty of convenient SEPTA options (one block from the Green Line hub). Close to so many amenities: Easy walk to Clark Park and its fabulous Farmers' Market, Clarkville, Green Line Coffee, the movie theater, so many restaurants, and Fresh Grocer around 40th & Walnut, and all that University City has to offer. Penn Alexander School catchment. Property being sold in "as-is" condition
#PAPH2604994

PHILADELPHIA

4122 CHESTER AVENUE

8 Beds

None Baths

2,805 Sq.Ft.

$665,000

MLS#: PAPH2604994

Part of a Portfolio - $2,823,000 ($166,058.82/Unit) Cap: 5.78% 9 Units Portfolio Overview Opportunity to acquire a diversified portfolio consisting of multifamily, mixed-use, office, residential rental, and redevelopment assets located throughout West, Southwest, and North Philadelphia. The portfolio offers a combination of stable in-place cash flow along with significant value-add opportunities through lease-up, renovations, redevelopment, and operational improvements. Seller is willing to sell properties individually or as a portfolio. 1258 N 64th St: Asking Price $550,000 Property Type Four Unit Multifamily Financial Summary Gross Monthly Income $4,100 Gross Annual Income $49,200 Annual NOI Approximately $38,573 Cap Rate 7.01% Highlights • Four-unit apartment building • Complete renovation • Excellent condition • Strong rental corridor Building Information Utilities Separately metered Electric paid by tenants Water paid by owner Heating / Cooling Central Air Central Heat Roof - Approximately 4 years old Water Heaters - Approximately 4 years old Electrical -100 amp service to every unit Renovations - Complete renovation Condition - Excellent Parking - None Deferred Maintenance - None Known Issues - None
#PAPH2654776

PHILADELPHIA

1258 N 64TH STREET

7 Beds

None Baths

2,170 Sq.Ft.

$550,000

MLS#: PAPH2654776

Part of a Portfolio - $2,823,000 ($166,058.82/Unit) Cap: 5.78% 9 Units Portfolio Overview Opportunity to acquire a diversified portfolio consisting of multifamily, mixed-use, office, residential rental, and redevelopment assets located throughout West, Southwest, and North Philadelphia. The portfolio offers a combination of stable in-place cash flow along with significant value-add opportunities through lease-up, renovations, redevelopment, and operational improvements. Seller is willing to sell properties individually or as a portfolio. 5410 Springfield Ave: Financial Summary: Asking Price $750,000 Property Type Five Unit Multifamily Financial Summary Gross Monthly Income: $5,995 Gross Annual Income: $71,940 Annual NOI: Approximately $58,068 Cap Rate: 7.74% Property Highlights • Five-unit apartment building • Strong in-place cash flow • Recent appraisal available • Fully renovated • Stable tenancy • Excellent condition Building Information Utilities: Separately metered Electric paid by tenants Gas paid by tenants Water/Sewer paid by owner Heating Combination electric and gas heat Cooling -None Roof -Approximately 4 years old Water Heaters -Approximately 4 years old Electrical -Approximately 4 years old Plumbing -Approximately 4 years old Renovations -Complete renovation completed Unit Condition -Excellent Capital Improvements: Heater replacement anticipated around 2028 Parking -None Deferred Maintenance -None reported Environmental Concerns -None known
#PAPH2654814

PHILADELPHIA

5410 SPRINGFIELD AVENUE

5 Beds

None Baths

900 Sq.Ft.

$750,000

MLS#: PAPH2654814

Welcome to 2339 W Thompson St. This beautifully-designed apartment building presents a tremendous opportunity for multifamily real estate investment in the Art Museum district, Philadelphia. One bi level three bedroom and 2 baths apartment with access to a private backyard, A two bedroom apartment on the 2nd floor and a two bedroom apartment with two baths on the third floor —fully leased and occupied with spacious layouts commanding impressive rents. This property was fully renovated in 2018 with High end finishes and all desired amenities. The property grosses $5,150 each month and the tenants also cover all utilities (water, and electric). Situated in the up and coming Brewerytown neighborhood, Occupied by young professional.
#PAPH2628760

PHILADELPHIA

2339 W THOMPSON STREET

7 Beds

None Baths

2,572 Sq.Ft.

$650,000

MLS#: PAPH2628760

Fantastic 3-unit investment property in the Spruce Hill section of University City. The property features (2) 2-bed/ 1 bath units and (1) 3-bed/ 2 bath units. All units are self-contained. The property is in good condition, and upgrades/repairs have been made over the years. Current gross rental income of $63,300/ year. Fantastic University City location. The seller owns other properties in the direct vicinity and will sell as a package. Please note there are 3 units, and the seller has a rental license for 2 units.
#PAPH2643642

PHILADELPHIA

211 S 45TH STREET

7 Beds

None Baths

2,474 Sq.Ft.

$550,000

MLS#: PAPH2643642

Send a message

Message successfully sent.

Your message

What is 3 + 4 ?

Reason for contacting?

I agree to receive email communication and understand I can unsubscribe at any time.

I agree to be contacted by TNT Real Estate Solutions via call, email, and text for real estate services. To opt out, you can reply 'stop' at any time or reply 'help' for assistance. You can also click the unsubscribe link in the emails. Message and data rates may apply. Message frequency may vary. Privacy Policy

Sign Out

Virtual Assistant

Would you like to take the next step with this property? We can help you schedule a showing or virtual tour, or send you more details.

Yes, I would like more information.

Thank You for Your Reply, One of Our Agents will contact you as soon as possible

No, maybe later.

Thank you, you can always contact me via email, phone number or through the contact form.

Realhub AI

Lucy - Your AI-Powered Realtor

Update Your Temporary Password

Personalize your search

Enter your email and we'll notify you immediately when new listings match what you're looking for.

or enter email address

Already have an account ? Login here

Continue your home search

I agree to receive communications and understand I can unsubscribe at any time.

I agree to be contacted by TNT Real Estate Solutions via call, email, and text for real estate services. To opt out, you can reply 'stop' at any time or reply 'help' for assistance. You can also click the unsubscribe link in the emails. Message and data rates may apply. Message frequency may vary. Privacy Policy

Already have an account ? Login here

We use cookies

We use cookies primarily for analytics to enhance your experience. By accepting, you agree to our use of these cookies. You can manage your preferences or learn more about our cookies policy.

Privacy Policy Terms of Service