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516 N Preston St
Philadelphia, PA 19104

$725,000 USD

Apartments For Sale  •  3,732 SF

Property Details

  • Property Type Apartments
  • Total Building Size 3,732 SF
  • Lot Size 0.08 AC
  • Building Class C
  • Year Built 2009
  • Cap Rate 6.64 %
  • Zoning RSA5
88 Transit Score
73 Walk Score

Highlights

Fantastic Investment Opportunity! Don’t miss this fully rented triplex with excellent cash flow and low annual expenses
Located in the thriving West Powelton neighborhood
This property is strategically positioned near the University City Science Center, Drexel University, and the University of Pennsylvania
With a variety of dining and coffee options.
With multiple convenient SEPTA transportation options available.
It is less than ten minutes by car or bicycle to Center City—an undeniable opportunity for any investor.

Financial Summary (Actual)

Net Operating Income: $48,629 USD (2024)
Cap Rate: 6.64 %
Total Expenses: $15,957 USD

Amenities

  • 24 Hour Access
  • Air Conditioning
  • Washer/Dryer
  • Heating
  • Kitchen
  • Hardwood Floors
  • Sprinkler System
  • Tub/Shower
  • Basement
  • Public Transportation
  • Walk-Up
  • Smoke Detector

Public Transportation

Commuter RailDriveWalkDistance
30Th St Lower Level (Airport Line - SEPTA, Wilmington/Newark Line - SEPTA) 2 min 18 min 1.0 mi
Philadelphia 30Th Street (Atlantic City Line - NJ Transit Commuter Rail (NJ Transit), R1 - NJ Transit Commuter Rail (NJ Transit), R2 - NJ Transit Commuter Rail (NJ Transit), R3 - NJ Transit Commuter Rail (NJ Transit), R5 - NJ Transit Commuter Rail (NJ Transit), R6 - NJ Transit Commuter Rail (NJ Transit), R7 - NJ Transit Commuter Rail (NJ Transit), R8 - NJ Transit Commuter Rail (NJ Transit)) 5 min - 1.7 mi
Transit/SubwayDriveWalkDistance
Lancaster Avenue And 40Th Street (Route 10 - Southeastern Pennsylvania Transportation Authority Rapid Transit (SEPTA Subway & Trolley)) 0 min 3 min 0.2 mi
Lancaster Avenue And Wallace Street (Route 10 - Southeastern Pennsylvania Transportation Authority Rapid Transit (SEPTA Subway & Trolley)) 0 min 3 min 0.2 mi
Lancaster Avenue And Spring Garden Street (Route 10 - Southeastern Pennsylvania Transportation Authority Rapid Transit (SEPTA Subway & Trolley)) 1 min 4 min 0.2 mi
Lancaster Avenue And 41St Street (Route 10 - Southeastern Pennsylvania Transportation Authority Rapid Transit (SEPTA Subway & Trolley)) 1 min 5 min 0.3 mi
Lancaster Ave & Hamilton St (Route 10 - Southeastern Pennsylvania Transportation Authority Rapid Transit (SEPTA Subway & Trolley)) 1 min 6 min 0.3 mi
AirportDriveWalkDistance
Philadelphia International 21 min - 9.8 mi
Trenton Mercer 53 min - 35.7 mi
Susan Henley 610-246-9310 Compass
Susan Henley 610-246-9310 Compass