517 S 42ND ST, Philadelphia, PA 19104

• 4,625 sqft

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.

Listing Status:

Active

Data Last Updated:

February 14, 2026 at 4:23AM

Listing Office:

KW Empower : 2156273500

Listing Agent:

Steven Onesti : 2157837779

MLS ID:

PAPH2582910

Interior

• A/C: Central A/C
• Heating: Forced AirHeat Pump - Electric BackUpElectric
• Disability Feature: None

Exterior

• General: Above GradeBelow Grade
• Style: Other
• Parking: Surface

Construction

• General: MasonryStone

Location

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

Lot

• Zoning: RTA1881611400

Utilities

• Water: Public
• Sewer: Public Sewer

Financial

• Source: BRIGHT_MAIN