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416 N 31st St, Philadelphia, PA 19104

$600,000
: 6
BD
: 2
BA
: 1,350
SqFt

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List Price: $600,000
Status: ACTIVE
MLS#: PAPH2595382
Subtype: Residential
Style: Other, A-Frame
Year Built: 1920
Bedrooms: 6
Bathrooms: 2
Full Baths: 2
Living Area: 1,350
Lot Size: 1,672
Acres: 0.04
Subdivision: Powelton Village
MLS Area Major: 19104 (19104)

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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

Taxes: $6,916
Property Description: Other, A-Frame
Zoning: RM1
Heating: Other
Air Conditioning: Other
Levels: Three Or More
Foundation: Other
School District: Philadelphia City