619 N 35TH ST, Philadelphia, PA 19104

Property Description

Newly constructed multifamily building in University City, just steps from Drexel and UPenn. This fully leased property offers 11 apartments with 33 bedrooms and 33 bathrooms over 1,460 SF of retail space. Each unit features private bathrooms, large living areas, and modern finishes. 10-year tax abatement. With an annual gross income of $322K, operating expense of $67k, and net income (NOI) of $255K, this property offers a strong 6.7% cap rate. Ideal for investors seeking a turnkey asset in a prime, high-demand location — UCITY — the fastest-growing rental submarket in Philadelphia, a Top-10 USA MSA (population) and Top-5 USA MSA for Life Sciences. The Eds & Meds economy powers this district and provides the community with insatiable, perennial rental demand, insulating investment properties for years to come.

Listing Status:

Active

Data Last Updated:

April 17, 2026 at 4:21PM

Listing Office:

Keller Williams Liberty Place : 6093995454

Listing Agent:

Or Aharon : 2672706634

MLS ID:

PAPH2586226

Interior

• A/C: Central A/C
• Heating: CentralElectric
• Disability Feature: None

Construction

• General: MasonryConcrete

Location

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

Lot

• Zoning: CMX2871600765
• View: City

Utilities

• Utilities: Electric availableWater available
• Water: Public
• Sewer: Public Sewer

Financial

• Source: BRIGHT_MAIN