CHARIS REALTY GROUP

Traditional

516 N 34TH STREET

PHILADELPHIA, PA 19104

MLS#: PAPH2642862

$1,250,000

Status: Active
Listing number: PAPH2642862
Listing provided by: RE/MAX Plus
Listing agent phone: None
Last update: 2 days ago
New on site 2 days ago
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Property

Beds

12

Full Baths

None

1/2 Baths

None

Year Built

2016

Sq.Footage

4,731

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.

Features & Amenities

Interior

  • Total Bedrooms

    12

  • Bathrooms

    N/A

  • Above Grade Finished Area

    4731.0

  • Cooling YN

    YES

  • Cooling

    Central Air, Electric

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Natural Gas, Central

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Parking

    On Street

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.04

  • Lot Size(square feet)

    1698.0

  • Property Type

    Residential Income

  • Property Sub Type

    Quadruplex

  • Architectural Style

    Traditional

Price

  • Sales Price

    $1,250,000

  • Tax Amount

    $22,914

  • Sq. Footage

    4, 731

  • Price/SqFt

    $264

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • New Construction

    NO

  • Foundation Details

    Concrete Perimeter

  • Sewer

    Public Sewer

  • Tax Lot

    92

  • Water Source

    Public

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Location

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Listing Courtesy of Katherine Wang , RE/MAX Plus

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Agent Heather Brailer

AGENT

Heather Brailer

Call Heather today to schedule a private showing.

(301) 991-2528

heather@charisrealty.com


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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

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