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About This Home
This 6-bedroom, 2-bathroom multi-family at 416 N 31ST STREET in PHILADELPHIA, PA is listed for $600,000 ($444 per sqft). Built in 1920, the home offers 1,350 sqft of living space on a 0.04 acres lot.
Income-producing student rental opportunity in the heart of Powelton Village near Drexel University. 416 N 31st Street is a 6-bedroom, 2-bath property fully leased through August 31, 2026 at $4,600 per month, offering stable rental income in a highly desirable university neighborhood.
The home offers a practical layout designed for student housing with large bedrooms, shared living areas, a full kitchen, and two full bathrooms. Its close proximity to Drexel University, the University of Pennsylvania, public transportation, and neighborhood amenities ensures strong and consistent rental demand.
The property has experienced 100% occupancy with no meaningful vacancy history, making it a reliable investment opportunity. With low operating expenses, low property taxes, and low insurance costs, this property offers investors strong cash-flow potential in one of Philadelphia's most established student rental markets.Current Lease: $4,600/month through 8/31/2026. Annual Gross Rent: $55,200. Offered at $600,000
Key Features
- Built in 1920
- 0.04 acre lot
Property Details
Monthly Cost Estimate
$3,209/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
416 N 31ST STREET
PHILADELPHIA, PA 19104
POWELTON VILLAGE
Property Details
Heating
Cooling
Questions & Answers
This 6-bedroom, 2-bathroom multi-family at 416 N 31ST STREET is listed at $600,000 ($444/sqft). The estimated monthly payment is $2,600 based on 20% down at 6.5% interest.
Key features include: Built in 1920, 0.04 acre lot.
This property is listed by Frank DeFazio and can be reached at 6106364364 or frank.defazio@foxroach.com.