327 N PRESTON ST, Philadelphia, PA 19104

• 1,980 sqft

Property Description

Located just blocks from the transformational UCity Square project, this well-positioned two-unit property offers a unique blend of immediate income potential and long-term upside in the heart of University City. Whether you're an investor seeking strong rental demand or an owner-occupant looking to offset your mortgage, this versatile property delivers. The building features two spacious units (a 2-bedroom and a 4-bedroom) each with comfortable, functional layouts, in-unit washer/dryer, and separate utilities. The first-floor unit offers an open living and dining area, a full kitchen, two generously sized bedrooms, and access to a basement, rear deck, and expansive backyard ideal for everyday living and outdoor enjoyment. The second-floor unit features four bedrooms and two full bathrooms, along with an open-concept living and dining space, high ceilings, and a private deck, making it equally well-suited for shared living or a larger household. Conveniently located just steps from the Market-Frankford Line, the property provides easy access to Center City, Fishtown, West Philadelphia, and 30th Street Station. Surrounded by neighborhood shops, dining, and major institutions like the University of Pennsylvania, Drexel University, and Penn Presbyterian Hospital, the location supports both strong tenant demand and an exceptional quality of life. With continued growth and development throughout University City, this is an opportunity to secure a property that works for you today and into the future. Owner-occupants may also benefit from low down payment financing options for multi-unit properties, adding to the overall appeal. Schedule your tour and explore the possibilities this property has to offer.

Listing Status:

Active

Date Added:

April 8, 2026

Data Last Updated:

April 17, 2026 at 4:21PM

Listing Office:

Compass Pennsylvania, LLC : 2674358015

Listing Agent:

Peter van der Vlugt : 4844318821

MLS ID:

PAPH2602850

Interior

• General: 2nd KitchenWood Floors
• Basement: CombinationConnecting stairwayOutside entrancePartially finished
• Flooring: CarpetHardwood
• A/C: Central A/C
• Heating: Forced AirNatural Gas
• Disability Feature: None

Exterior

• General: Above Grade
• Style: Other
• Parking: Public

Construction

• Roofing: Rubber
• General: MasonryOther

Location

• Originating MLS: BRIGHT_MAIN
• School District: THE SCHOOL DISTRICT OF PHILADELPHIA
• County: PHILADELPHIA-PA

Lot

• Zoning: RSA5061182400

Utilities

• Water: Public
• Sewer: Public Sewer

Financial

• Source: BRIGHT_MAIN