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sales rep | Brivity IDX

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416 N 31st St , Philadelphia, PA 19104
$600,000
Est. Payment: $3,241.30/mo
6 Bed
2 Bath
1350 Sqft
0.04 Acres
Status: active | Days on site: 226
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61039 - 3177209
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House 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

Highlights

Listed by Frank L DeFazio , 6106364364 BHHS Fox & Roach-Center City Walnut , 2156276005. Bright MLS

Property Type

Residential

Lot/Acreage
0.04

Year Built

1920

County

Philadelphia

Area

19104 (19104)

Neighborhood

Powelton Village

School District

Philadelphia City

Listing ID

PAPH2595382

Questions about this listing?

Contact Agent

Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:6
  • ▪ Bathrooms:2
  • ▪ Full Bathrooms:2
Above Ground Sq Ft:1350
Basement:Full
Other:
  • ▪ Main Floor Bedrooms:6
Water:Public

Exterior Features

Lot:Not New Construction,Horse Property: No
Lot Dimensions:21.00 x 80.00
Zoning:RM1
Sewer:Public Sewer
Parking Features:Off Street
Principal Interest
$3,241
Taxes
$576

Home Price

$600,000

Loan Details

30 yrs
7.148%

Down Payment

20%
$120,000
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:
$3,241.30

Principal

Taxes

Principal Taxes HOA Total
Monthly $3,241.30 $576.33 $0.00 $3,817.64
Yearly $38,895.65 $6,916.00 $0.00 $45,811.65
Total $1,166,869.39 $207,480.00 $0.00 $1,374,349.39
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: 2026-11-14T11:13:36.000Z

© 2026 Bright MLS