MLS#PAPH2582912
STATUSACTIVE
PROPERTY TYPECommercial -
SUBDIVISIONSPRUCE HILL
SCHOOLTHE SCHOOL DISTRICT OF PHILADELPHIA
Property Description
517 S 42nd Street presents an exceptional opportunity to acquire a fully renovated six-unit multifamily property in the heart of University City. Each spacious unit offers 2 bedrooms and 2 full bathrooms—an ideal layout for students, medical and young professionals seeking modern living near Philadelphia’s premier institutions. The property underwent a comprehensive renovation in 2020, including a newly constructed rear expansion, contemporary finishes, efficient floor plans, and strong rental appeal throughout. Ideally located just steps from University of Pennsylvania, Drexel University, Children’s Hospital of Philadelphia, Saint Joseph's University City Campus, Hospital of the University of Pennsylvania, and University of the Sciences, the location provides consistent tenant demand and long-term appreciation potential. Additional highlights include rare on-site parking, a tax abatement in place, and an attractive cap rate exceeding 7%, making this a stabilized, turnkey investment opportunity in one of Philadelphia’s strongest and most desirable rental submarkets.
Property Features
Property Type: Commercial -
Cooling: Central A/C
Fuel Type: Electric
Heating: Forced Air, Heat Pump - Electric BackUp
Lot Size: 0.09 Acres
Taxes: $10,156
Year Built: 1870
Feature Descriptions
Days on Site: 19
Exterior: Masonry
Lot Dimensions: 0.09 Acre(S)
Municipality: PHILADELPHIA
Parking Notes: Surface
Sewer: Public Sewer
Total Garage/Parking Spaces: 3
Units: 5
Water: Public
Local Schools
School District: THE SCHOOL DISTRICT OF PHILADELPHIA
Listed By / Shown By
Listed By
Agency Name: KW Empower
Agency Phone: 2156273500
Shown By
Agency Title: RealtyMark
Agency Phone: 888-260-0040
517 S 42nd Street | MLS# PAPH2582912
This commercial property located at 517 S 42nd Street, Philadelphia, PA 19104 is currently listed for sale with an asking price of $1,495,000. S 42nd Street is located within the THE SCHOOL DISTRICT OF PHILADELPHIA school district. Search Philadelphia real estate on www.realtymarkllc.com today.