416 N 31st St, Philadelphia, PA 19104
- $600,000
- 6
- BD
- 2
- BA
- 1,350
- SqFt
- List Price
- $600,000
- Days on Market
- 177
- Status
- ACTIVE
- MLS#
- PAPH2595382
- Bedrooms
- 6
- Bathrooms
- 2
- Full Baths
- 2
- Living Area
- 1,350
- Lot Size (Acres)
- 0.04
- Style
- Other, A-Frame
- Year Built
- 1920
- County
- Philadelphia
- School District
- Philadelphia City
Property Description
Income-producing student rental opportunity in the heart of Powelton Village near Drexel University. 416 N 31st Street is a 6-bedroom, 2-bath property fully leased through August 31, 2026 at $4,600 per month, offering stable rental income in a highly desirable university neighborhood. The home offers a practical layout designed for student housing with large bedrooms, shared living areas, a full kitchen, and two full bathrooms. Its close proximity to Drexel University, the University of Pennsylvania, public transportation, and neighborhood amenities ensures strong and consistent rental demand. The property has experienced 100% occupancy with no meaningful vacancy history, making it a reliable investment opportunity. With low operating expenses, low property taxes, and low insurance costs, this property offers investors strong cash-flow potential in one of Philadelphia’s most established student rental markets. Current Lease: $4,600/month through 8/31/2026. Annual Gross Rent: $55,200. Offered at $600,000
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Additional Information
- Area
- 19104 (19104)
- Subdivision
- Powelton Village
- Taxes
- $6916
- School District
- Philadelphia City
- Heating
- Other
- Heating Fuel
- Electric
- Cooling
- Other
- Water
- Public
- Sewer
- Public Sewer
- Basement
- Yes
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Listing courtesy of BHHS Fox & Roach-Center City Walnut. Contact: (215) 627-6005
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