717 N 35th St, Philadelphia, PA 19104
Local realty services provided by:CENTURY 21 Mertz & Associates
717 N 35th St,Philadelphia, PA 19104
$1,600,000
- 15 Beds
- - Baths
- 4,200 sq. ft.
- Multi-family
- Coming Soon
Listed by: reda b akbil
Office: compass pennsylvania, llc.
MLS#:PAPH2671590
Source:BRIGHTMLS
Price summary
- Price:$1,600,000
- Price per sq. ft.:$380.95
About this home
Welcome to 717 N 35th Street, a newer-construction five-unit multifamily investment opportunity located in Philadelphia’s University City market. Built in 2023, this fully occupied asset offers investors immediate stabilized income, modern construction, and approximately seven years remaining on Philadelphia’s tax abatement, creating an attractive combination of current cash flow, low near-term capital expenditure exposure, a turnkey asset, and long-term investment potential.
The property consists of five occupied residential units, is currently fully leased, and generates $10,854 per month
All residents currently participate in the Section 8 Housing Choice Voucher Program, . PHA payments represent approximately 66% of the property’s current base rental income, providing an established income structure with guaranteed rent, while offering investors exposure to one of Philadelphia’s strongest rental markets.
Built only a few years ago, 717 N 35th Street provides the advantages of newer construction, modern building systems, contemporary residential layouts, and substantially less deferred maintenance than much of Philadelphia’s multifamily inventory. The property is already stabilized and occupied, allowing a new owner to acquire an income-producing asset from day 1 without assuming the renovation and lease-up risk commonly associated with value-add multifamily investments.
Located near University City, the property benefits from convenient access to major universities, hospitals, employment centers, public transportation, Center City, and the continued residential and institutional investment occurring throughout West Philadelphia.
Whether completing a 1031 exchange, expanding an existing Philadelphia multifamily portfolio, or acquiring a stabilized newer-construction rental property, 717 N 35th Street presents an opportunity to acquire a fully occupied five-unit asset generating approximately $130,248 in annual income with low expenses and guaranteed Section 8 tenancy, newer construction, and approximately seven years remaining on its tax abatement....
Contact an agent
Home facts
- Year built:2024
- Subdivision & Development:MANTUA
- Listing ID #:PAPH2671590
- Updated:September 28, 2026 at 12:45 AM
Rooms and interior
- Bedrooms:15
- Flooring:Luxury Vinyl Plank, Tile/Brick
- Kitchen Description:Dishwasher, ENERGY STAR Dishwasher, ENERGY STAR Refrigerator, Kitchen - Efficiency, Microwave, Oven - Self Cleaning, Oven - Single, Oven/Range - Electric, Recessed Lighting, Refrigerator, Stainless Steel Appliances, Upgraded Countertops, Water Heater, Water Heater - High-Efficiency
- Living area:4,200 sq. ft.
Heating and cooling
- Cooling:Central A/C
- Heating:90% Forced Air, Electric
Structure and exterior
- Year built:2024
- Building area:4,200 sq. ft.
- Lot area:0.09 Acres
- Architectural Style:Contemporary
- Construction Materials:Aluminum Siding
- Foundation Description:Slab
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,600,000
- Price per sq. ft.:$380.95
- Tax amount:$4,315 (2026)
Features and amenities
- Amenities:Recessed Lighting
New listings near 717 N 35th St
- Coming Soon
$524,900Coming Soon3 beds 3 baths1,624 sq. ft.425 W Thompson St, PHILADELPHIA, PA 19122
MLS# PAPH2648206Listed by: RE/MAX ONE REALTY - TCDT - Coming Soon
$275,000Coming Soon2 beds 3 baths1,526 sq. ft.283 Shawmont Ave #4b5, PHILADELPHIA, PA 19128
MLS# PAPH2672878Listed by: SILVER LEAF PARTNERS INC - Coming Soon
$189,900Coming Soon2 beds 1 baths936 sq. ft.Address Withheld By Seller, PHILADELPHIA, PA 19153
MLS# PAPH2674814Listed by: HOMESTARR REALTY - Coming Soon
$325,000Coming Soon2 beds 2 baths1,332 sq. ft.1027-31 N 4th St #t, PHILADELPHIA, PA 19123
MLS# PAPH2672786Listed by: ELFANT WISSAHICKON-CHESTNUT HILL - Coming Soon
$329,900Coming Soon4 beds 3 baths2,199 sq. ft.115 E Duval St, PHILADELPHIA, PA 19144
MLS# PAPH2674130Listed by: KELLER WILLIAMS REAL ESTATE - MEDIA - Coming Soon
$219,000Coming Soon3 beds 1 baths1,138 sq. ft.6619 Cottage St, PHILADELPHIA, PA 19135
MLS# PAPH2674270Listed by: KELLER WILLIAMS REAL ESTATE - NEWTOWN - Coming Soon
$560,000Coming Soon5 beds -- baths2,467 sq. ft.4541 Manayunk Ave, PHILADELPHIA, PA 19128
MLS# PAPH2674398Listed by: BHHS FOX & ROACH-BLUE BELL - Coming Soon
$324,900Coming Soon3 beds 3 baths1,760 sq. ft.9106 Wooden Bridge Rd, PHILADELPHIA, PA 19136
MLS# PAPH2674660Listed by: RE/MAX REALTY SERVICES-BENSALEM - Coming Soon
$375,000Coming Soon2 beds 1 baths806 sq. ft.1532 S Clarion St, PHILADELPHIA, PA 19147
MLS# PAPH2674706Listed by: KW EMPOWER