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516 N 34th Street, Philadelphia, PA 19104

$1,250,000
  • 516 N 34th Street, Philadelphia, PA 19104 Main Photo

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ACTIVE
BEDS0 BATHS SQUARE FEET4,731 MLS#PAPH2642862
STATUSACTIVE PROPERTY TYPEMulti Unit - Multiple SCHOOLPHILADELPHIA CITY

Property Description

Turnkey Student Housing Investment Near Drexel University An exceptional opportunity to acquire a fully renovated, cash-flowing student housing property in the heart of Drexel University. This turnkey investment consists of four fully leased apartments, each featuring 3 spacious bedrooms and 1 full bathroom, for a total of 12 bedrooms and 4 bathrooms. Every unit has been thoughtfully renovated with modern finishes, including hardwood flooring, stainless steel appliances, central heating and air conditioning, in-unit washers and dryers, and built-in microwaves. The oversized bedrooms and functional layouts make the property highly desirable among Drexel students, contributing to consistent occupancy and strong rental demand. The property is 100% leased for the 2026–2027 Drexel academic year, providing immediate, stable cash flow from day one. Investment Highlights: Four renovated 3-bedroom, 1-bath apartments Total of 12 bedrooms and 4 full bathrooms Fully leased for the 2026–2027 Drexel school year Monthly rental income: $7,700 Additional water reimbursement income: $275/month Total gross monthly income: $7,975 Modern renovations throughout all units Central heating and air conditioning In-unit washers and dryers Hardwood floors and stainless steel appliances Strong rental history in a high-demand student housing market Located just minutes from Drexel University, the University of Pennsylvania, public transportation, hospitals, restaurants, and Center City Philadelphia, this property offers an outstanding combination of reliable income, strong tenant demand, and long-term appreciation potential. Whether you're expanding an existing portfolio or acquiring your first student housing asset, this fully stabilized property presents an outstanding investment opportunity with immediate cash flow and minimal management concerns.

516 N 34th Street | MLS# PAPH2642862

This multi-family property located at 516 N 34th Street, Philadelphia, PA 19104 is currently listed for sale with an asking price of $1,250,000. N 34th Street is located within the PHILADELPHIA CITY school district. Search Philadelphia real estate on www.duffyrealestate.com today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: Central A/C
Fuel Type: Natural Gas
Heating: Central
Home Style: Traditional
Lot Size: 0.04 Acres
Taxes: $22,914
Year Built: 2016

Feature Descriptions

Accessibility: 2+ Access Exits
Additional Structures: Above Grade, Below Grade
Appliances: Dryer, Oven/Range - Gas, Refrigerator, Washer, Dishwasher, Microwave
Days on Site: 17
Exterior: Masonry
Lot Dimensions: 0.04 Acre(S)
Municipality: PHILADELPHIA
Number of Rooms: 12
Sewer: Public Sewer
Structure Type: End of Row/Townhouse
Three Bedroom Units: 4
Units: 3
Water: Public

Local Schools

School District: PHILADELPHIA CITY

Listed By / Shown By

Listed By

Agency Name: Plus Realtors
Agency Phone: 2154223711

Shown By

Agency Title: Duffy Real Estate, Inc.
Agency Phone: 610-667-6655

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Estimated Payment

$ 8,269.59 per month $5,995.51 Principal & Interest $1,909.50 Property Tax $364.58 Homeowner's Insurance

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