Property
Beds
15
Full Baths
None
1/2 Baths
None
Year Built
2016
Sq.Footage
6,240
2331-33 N 33rd Street, a newly constructed, fully stabilized six-unit multifamily property ideally situated across from Fairmount Park in North Philadelphia. The property has 9 years remaining on Philadelphia’s 10-Year Step-Down Tax Abatement program, which significantly reduces rea estate taxes in the eary years of ownership and enhances investor returns. Completed in 2024 and fully leased in early 2025, this turnkey investment features brand-new building systems, condo-grade interiors, and a balanced unit mix that includes premium 3-bedroom units with private roof decks. Ideally located across from Fairmount Park and minutes from the Art Museum and Brewerytown, the property benefits from strong renta demand driven by proximity to outdoor amenities, neighborhood retail, and rapid access to Center City. The asset generates almost $10,000 per month in gross renta income, benefiting from Phiadephia’s 10-year step-down tax abatement, which starts at 100% in Year 1 and phases out annually. Offered at a 7.25% cap rate and $196.38 per SF, this offering represents an excellent opportunity to acquire a cash-flowing multifamily asset in a high growth corridor at an attractive basis. We have been exclusively retained to market the property and welcome inquiries from qualified investors.
Features & Amenities
Interior
-
Total Bedrooms
15
-
Bathrooms
N/A
-
Above Grade Finished Area
6240.0
-
Cooling YN
YES
-
Cooling
Other, Electric
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Electric, Forced Air
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Parking
On Street, Other
-
Pool
Yes
-
Pool Features
None
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.06
-
Property Type
Residential Income
-
Property Sub Type
Multi Family
-
Architectural Style
Other
Price
-
Sales Price
$1,355,000
-
Tax Amount
1128.0
-
Sq. Footage
6, 240
-
Price/SqFt
$217
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Sewer
Public Sewer
-
Tax Lot
29-2
-
Water Source
Public
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Location
County
PHILADELPHIA
Elementary School
Middle School
High School
Listing Courtesy of Saam Tashayyod , Trophy Commercial Real Estate LLC
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Owner, President, Investment Property Advisor
TheresaKehler
Call Theresa today to schedule a private showing.

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