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Request Info$3,800,000
ACTIVE
619 N 35TH STREET Overview
- Time on Site:
- 130 days
- Visits:
- 9
Newly constructed multifamily building in University City, just steps from Drexel and UPenn. This fully leased property offers 11 apartments with 33 bedrooms and 33 bathrooms over 1,460 SF of retail space. Each unit features private bathrooms, large living areas, and modern finishes. 10-year tax abatement. With an annual gross income of $322K, operating expense of $67k, and net income (NOI) of $255K, this property offers a strong 6.7% cap rate. Ideal for investors seeking a turnkey asset in a prime, high-demand location — UCITY — the fastest-growing rental submarket in Philadelphia, a Top-10 USA MSA (population) and Top-5 USA MSA for Life Sciences. The Eds & Meds economy powers this district and provides the community with insatiable, perennial rental demand, insulating investment properties for years to come.
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619 N 35TH STREET Facts & Features
- Type Commercial
- Sq. ft. 13,822
- Price/Sq.ft. $275
- Lot 0.14 Acres
Details
General
Income/Expenses
- Gross Income: 322668.00
- Gross Scheduled Income: 322668.00
- Income Includes: Apartment Rentals,Shop Rentals
- Net Operating Income: 255217.35
- Operating Expense: 67450.65
- Operating Expense Includes: Insurance,Management Fees,Snow Removal,Trash,Water
Listing Information
- Real Estate Owned: No
- Short Sale: No
Building Information
- New Construction: No
- Year Built: 1920
Business Information
- Business Type: Apartment Building
Location/Region
- Country: US
- County: PHILADELPHIA
- County Or Parish: PHILADELPHIA
- MLS Area Major: 19104 (19104)
- Subdivision Name: UNIVERSITY CITY
Parking Information
- Total Parking Spaces: 0
- Type of Parking: None
Rent/Lease Information
- Lease Considered: No
Tax Information
- School Tax: 4608.00
- Tax Annual Amount: $8,000.00
- Tax Assessed Value: 8524.78
- Tax Year: 2025
General Information
- Property Sub Type: Five Or More Units
- Property Type: Commercial Sale
- School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA
- Special Listing Conditions: Standard
- Vacation Rental: No
- Year Assessed: 2025
- Zoning: CMX2
Unit Information
- Other Units: Unit 1,Unit 1,Unit 1,Unit 1,Unit 1,Unit 1,Unit 1,Unit 1,Unit 1,Unit 1,Unit 10,Unit 10
Interior
Building Information
- Cooling Fuel: Electric
- Heating Fuel: Electric
- Total Drive In Doors: 0
- Total Restrooms: 35
Parking Information
- Garage: No
Building Interior
- Building Area Source: Estimated
- Building Area Total: 13822.00
- Central Air: Yes
- Hot Water: Electric
General Information
- Accessibility Features: None
- Cooling: Central A/C
- Entry Level: 1
- Stories Total: 3
Exterior
Building Information
- Total Loading Docks: 0
Lot Information
- Lot Size Acres: 0.14
- Lot Size Dimensions: 60.00 x 100.00
- Lot Size Source: Estimated
- Lot Size Square Feet: 6000.00
- Lot Size Units: Square Feet
- Water Source: Public
Waterfront/View
- View: City
- Water Oriented: No
- Water View: No
- Waterfront: No
Building Exterior/Construction
- Construction Materials: Masonry, Concrete
General Information
- Number Of Units Total: 12
- Sewer: Public Sewer
- Utilities: Electric Available,Water Available
- Water Access: No
Unit Information
Unit 1 Details
- Unit Type: Unit 1
- Total Rent: 1369.00
- Beds Total: 2
Unit 2 Details
- Unit Type: Unit 1
- Total Rent: 1530.00
- Beds Total: 2
Unit 3 Details
- Unit Type: Unit 1
- Total Rent: 2080.00
- Beds Total: 3
Unit 4 Details
- Unit Type: Unit 1
- Total Rent: 2100.00
- Beds Total: 3
Unit 8 Details
- Unit Type: Unit 1
- Total Rent: 2100.00
- Beds Total: 3
Unit 9 Details
- Unit Type: Unit 1
- Total Rent: 2200.00
- Beds Total: 3
Unit 5 Details
- Unit Type: Unit 1
- Total Rent: 2800.00
- Beds Total: 0
- Description: COMMERCIAL
Unit 6 Details
- Unit Type: Unit 1
- Total Rent: 3050.00
- Beds Total: 4
Unit 7 Details
- Unit Type: Unit 1
- Total Rent: 3075.00
- Beds Total: 5
Unit 10 Details
- Unit Type: Unit 1
- Total Rent: 3185.00
- Beds Total: 4
Unit 11 Details
- Unit Type: Unit 10
- Total Rent: 1600.00
- Beds Total: 2
Unit 12 Details
- Unit Type: Unit 10
- Total Rent: 1800.00
- Beds Total: 2
619 N 35TH STREET Neighborhood
Community
19104 (PHILADELPHIA) Demographics
23
Median Age
16,705
Population Density (per sq. mile)
45%
College Educated
$28,603
Estimated Median Income
3,460
Estimated Total Home Owners
13,048
Estimated Total Renters
21% / 79%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
619 N 35TH STREET Monthly Cost
619 N 35TH STREET Market Data
Based on the last 30 days in this zip code
$334,006
Average List Price
$193
Average Price per Square Foot
7
Properties Sold
101
Average Days on Market
122
Properties for Sale
619 N 35TH STREET History
| Date | Value | Agent |
|---|---|---|
| 2/20/2026Source: BRIGHT MLS | February 20, 2026 |
Listing provided courtesy of Keller Williams Liberty Place- MLS# PAPH2586226
Contact Information: [email protected] - 6093995454
Contact Information: [email protected] - 6093995454