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516 N Preston St , Philadelphia, PA 19104
$675,000
Est. Payment: $3,646.47/mo
4 Bed
4 Bath
3732 Sqft
0.03 Acres
Status: active | Days on site: 25
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COMPASS2 - 3150914,3127917
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House Description

Fantastic Investment or Owner-Occupant Opportunity! Don’t miss this well-maintained triplex in the thriving West Powelton neighborhood, offering a combination of existing rental income and flexibility for an owner-occupant or investor. The property features three units with a total of eight bedrooms. The spacious bi-level four-bedroom, two-bath unit includes a kitchen, two living areas, and a private patio. The second and third floors each feature an updated two-bedroom, one-bath apartment. One of the three units is currently vacant, providing an excellent opportunity for an owner-occupant to live in one unit while generating rental income from the other two, or for an investor to lease all three units and maximize the property's income potential. Each apartment features hardwood and ceramic tile flooring, modern kitchens with gas stoves, in-unit washers and dryers, and individual heating and central air conditioning. Recent improvements include newer HVAC systems in Units A, B, and C, vinyl siding, a new water service line, a new dishwasher in Unit A, and a new range and microwave in Unit C. Ideally located in West Powelton, the property is just minutes from the University City Science Center, Drexel University, and the University of Pennsylvania, as well as numerous dining, coffee, and entertainment options. Multiple SEPTA transportation options provide convenient access throughout the city, while Center City is less than ten minutes away by car or bicycle. Whether you're looking for an income-producing investment, an owner-occupied property with rental income to offset your housing costs, or an opportunity to lease all three units, this versatile triplex offers an attractive combination of location, functionality, and upside potential.

Highlights

Listed by Jordan B Wiener , 6109966000 and Susan J Henley , 6102469310 Compass Pennsylvania, LLC , 6108223356. Bright MLS

Property Type

Multi-Family

Lot/Acreage
0.03

Year Built

2009

County

Philadelphia

Area

19104 (19104)

Neighborhood

Powelton Village

School District

The School District Of Philadelphia

Listing ID

PAPH2675564

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:4
  • ▪ Bathrooms:4
  • ▪ Full Bathrooms:4
Air Cond:Central A/C
Fireplaces:
Floor:Hardwood
Above Ground Sq Ft:2832
Below Ground Sq Ft:900
Basement:Full,Fully Finished
Water:Public

Exterior Features

Lot:Not New Construction,Horse Property: No
Lot Dimensions:17.00 x 92.00
Zoning:RSA5
Roof:Flat
Others:
  • ▪ Additional:Very Good
Sewer:Public Sewer
Parking Features:On Street
Principal Interest
$3,646
Taxes
$668

Home Price

$675,000

Loan Details

30 yrs
7.148%

Down Payment

20%
$135,000
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:
$3,646.47

Principal

Taxes

Principal Taxes HOA Total
Monthly $3,646.47 $668.00 $0.00 $4,314.47
Yearly $43,757.60 $8,016.00 $0.00 $51,773.60
Total $1,312,728.06 $240,480.00 $0.00 $1,553,208.06
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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