37 N Preston Street Philadelphia, PA $ 699,000
37 N Preston Street
$ 699,000
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37 N Preston Street

Philadelphia, PA, 19104
$ 699,000
Bedrooms6 Baths0.0

Monthly Estimate*

$ 4,304

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Multi-Family Home for sale in Philadelphia, PA

for $699,000 with 6 bedrooms. This home was built in 2007 on a lot size of 0.04.

37 N Preston St is a turnkey, cash-flowing legal triplex located in one of Philadelphias fastest-growing rental corridors. Grossing approximately $5,000 per month, this fully occupied multi-family investment offers the perfect blend of strong in-place income, long-term appreciation potential, and true passive cash flow. Featuring three separately metered units, this income-producing asset is ideal for both seasoned investors and owner-occupants looking to house hack while building wealth. Positioned in the heart of West Philadelphia near University City, Drexel University, UPenn, major hospitals, public transportation, and Center City access, this high-demand location continues to attract quality tenants year after year. Investors will appreciate the legal triplex zoning, strong rental performance, low vacancy potential, and scalable upside in an area experiencing continued redevelopment and rising property values. The property offers spacious unit layouts, excellent tenant appeal, and a compelling cap rate opportunity in a market where true turnkey multi-family assets are becoming increasingly scarce. Whether youre looking to expand your portfolio, execute a buy-and-hold strategy, or secure a high-yield asset in a rapidly appreciating neighborhood, 37 N Preston St checks every box. Opportunities like this do not come around often stable cash flow, prime location, and serious upside potential all in one package.

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Multi-Family Active

Price

$ 699,000

Bedrooms

6

Property Type

Multi-Family

Taxes

$ 10,498

Style

Traditional

Lot Size

0.04

Year Built

2007

Town/City

Philadelphia

County/Region

Philadelphia

MLS | Web ID

PAPH2619238

Features
General
Living Area 3544
Sewer Public Sewer
Heating Forced Air
Cooling Central A/C
Possession Settlement
Zoning RSA5
Architectural Style Traditional
Construction Materials Masonry
School District PHILADELPHIA CITY
Year Built 2007
Property Subtype Triplex
Tax Year 2025
Ownership Fee Simple
Cool Fuel Electric
Municipality PHILADELPHIA
Accessibility None
County PHILADELPHIA
New Construction N
Property Type Multi-Family
Garage Y/N N
Water Access Y/N N
Other Structures Above Grade Below Grade
Status ACTIVE
Directions GPS
City PHILADELPHIA
Number Of Units Total 3
MLS Area 19104 (19104)
Lot Size Units Square Feet
Lot Size Square Feet 1600.00
Number of Units Leased 3
Tax Annual Amount 10498.0
Two Bedroom 3
Structure Type Interior Row/Townhouse
Price Per Sq Ft Total AG 197.23
Vacation Rental Y/N N
Lease Type Yearly
Standard Status Active
Year Built Source Assessor
Tax Lot 65
Total Actual Rent 60000.00
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Interior
Heating Fuel Natural Gas
Basement Fully Finished
Hot Water Natural Gas
Total Stories 3
Basement (Y/N) Y
Heating Y/N Y
Fireplace Y/N N
Central Air Y/N Y
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Exterior
Pool No Pool
Water Source Public
Type of Parking On Street
Foundation Details Stone
Water View Y/N N
Lot Dimensions 16.00 x 100.00
Lot Size Acres 0.04
Lot Size Source Assessor
Waterfront Y/N N
Land Assessed Value 150000.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 37
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* Excluded Features
List By
Kw Empower

Broker

rick.land@centercitylistings.com

Email

Affordability Calculator

$5,179
Per Month
83%
17%
0%
Monthly Principal & Interest
$4,304
Monthly Property Taxes
$875
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4835660 Elementary School
4835659 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/8/2026$699,000 Listed Price

Map


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37 N Preston Street, Philadelphia, PA, 19104 is a Multi-Family Home for sale at $699,000 with a lot size of 0.04. 37 N Preston Street has 6 bedrooms, 0.0 baths, and was built in 2007. The property's zip code is 19104 which is in Philadelphia, PA