516 N PRESTON ST Philadelphia, PA 19104
UPDATED:
Key Details
Property Type Multi-Family, Townhouse
Sub Type Interior Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 3,732 sqft
Price per Sqft $180
Subdivision Powelton Village
MLS Listing ID PAPH2675564
Style Traditional
Abv Grd Liv Area 2,832
Year Built 2009
Annual Tax Amount $8,016
Tax Year 2026
Lot Size 1,524 Sqft
Acres 0.03
Lot Dimensions 17.00 x 92.00
Property Sub-Type Interior Row/Townhouse
Source BRIGHT
Property Description
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.
Location
State PA
County Philadelphia
Area 19104 (19104)
Zoning RSA5
Rooms
Basement Full, Fully Finished
Interior
Hot Water Electric
Heating Forced Air
Cooling Central A/C
Flooring Hardwood
Inclusions refrigerators, washer and dryers
Fireplace N
Heat Source Natural Gas
Laundry Dryer In Unit, Washer In Unit
Exterior
Water Access N
Roof Type Flat
Accessibility None
Garage N
Private Pool No
Building
Foundation Concrete Perimeter
Above Ground Finished SqFt 2832
Sewer Public Sewer
Water Public
Architectural Style Traditional
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 061194900
Ownership Fee Simple
SqFt Source 3732
Special Listing Condition Standard
Nearby Locations
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