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sales rep | Brivity IDX

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717 N 35th St , Philadelphia, PA 19104
$1,525,000
Est. Payment: $8,238.31/mo
0.05 Acres
Status: active | Days on site: 32
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COMPASS1 - 3188211
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House Description

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. 

Highlights

Listed by Reda B Akbil , 2672051369 Compass Pennsylvania, LLC , 2674358015. Bright MLS

Property Type

Commercial Sale

Lot/Acreage
0.05

Year Built

2024

County

Philadelphia

Area

19104 (19104)

Neighborhood

Mantua

School District

Philadelphia City

Listing ID

PAPH2671270

Questions about this listing?

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Interior Features

Air Cond:Central A/C
Fireplaces:
Floor:Luxury Vinyl Plank,Tile/Brick
Water:Public

Exterior Features

Lot:Horse Property: No
Zoning:RM1
Others:
  • ▪ Additional:Excellent
Sewer:Public Sewer
Principal Interest
$8,238
Taxes
$360

Home Price

$1,525,000

Loan Details

30 yrs
7.148%

Down Payment

20%
$305,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$8,238.31

Principal

Taxes

Principal Taxes HOA Total
Monthly $8,238.31 $359.58 $0.00 $8,597.90
Yearly $98,859.77 $4,315.00 $0.00 $103,174.77
Total $2,965,793.03 $129,450.00 $0.00 $3,095,243.03
Lender profile image
Chico Gordy
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Market insight data is pulled from the same city as the listing being viewed (Philadelphia, PA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Bright MLS, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-11-14T01:13:51.000Z

© 2026 Bright MLS