4037 Powelton Avenue
Philadelphia, PA, 19104 $ 1,599,000
Bedrooms-- Baths-- Sq 3,708 Monthly Estimate*
$ 10,096
for $1,599,000. This 3,708 square foot building was built in 2022 on a lot size of 0.04.
Welcome to Lotus at 4037 Powelton Avenue, an architecturally distinctive four-unit multifamily investment opportunity in the heart of University City. Built in 2022 and benefiting from approximately 7 years remaining on Philadelphia's FULL tax abatement, this turnkey asset offers exceptional design, immediate cash flow, and low-maintenance ownership in one of Philadelphia's strongest rental markets. For added convenience, ownership can help future management, making for a truly seamless investment. The property features four spacious 3-bedroom, 2-bathroom residences, Never been vacant, all fully leased for another year and generating $11,132 per month in rental income. Each residence showcases premium finishes, including quartz countertops, contemporary cabinetry, stainless steel appliances, spa-inspired bathrooms, central HVAC, in-unit washer and dryer, smart entry, intercom system, customizable lighting, and designer finishes throughout. If you're looking for a completely turnkey investment with low operating expenses, minimal maintenance, and a property that essentially runs itself, this is the one. Whether you're completing a 1031 exchange or expanding your portfolio, Lotus offers modern construction, approximately seven years of remaining tax abatement, strong in-place income, transferable property management, and outstanding long-term appreciation potential in one of Philadelphia's premier investment corridors. Ideally located just minutes from The University of Pennsylvania, Drexel University, CHOP, HUP, and Penn Presbyterian Medical Center, the property benefits from consistent demand driven by graduate students, medical professionals, researchers, and young professionals. Residents also enjoy convenient access to Lancaster Avenue, local Parks, public transportation, and Center City.
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FeaturesInteriorHeating Fuel Natural Gas
Hot Water Electric
Heating Y/N Y
Central Air Y/N Y
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GeneralSewer Public Sewer
Heating 90% Forced Air
Cooling Central A/C
Possession 0-30 Days CD 120-180 Days
Roof Flat
Zoning RM1
Security Features Intercom Exterior Cameras Carbon Monoxide Detector(s) Security System Smoke Detector
Construction Materials Masonry
Year Built 2022
Electric 200+ Amp Service
Property Subtype Other
Tax Year 2025
Ownership Fee Simple
Cool Fuel Electric
Municipality PHILADELPHIA
Business Type Apartment Building
Accessibility 36 + wide Halls
County PHILADELPHIA
New Construction Y
Property Type Commercial Sale
Energy Efficient Appliances
Water Access Y/N N
Status COMING SOON
Directions Between Budd St and N Preston St via Google Maps
City PHILADELPHIA
Number Of Units Total 1
MLS Area 19104 (19104)
Lot Size Units Square Feet
Lot Size Square Feet 1647.00
Tax Annual Amount 2239.0
Property Condition Excellent
Price Per Sq Ft Total AG 431.23
Construction Completed Y/N Y
Vacation Rental Y/N N
Virtual Tour https://youtu.be/dIGn1kxx8NE
Standard Status Coming Soon
Year Built Source Assessor
Tax Lot 78
Total Actual Rent 133587.00
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ExteriorWater Source Public
Type of Parking None
Water View Y/N N
Building Area Total 3708.00
Lot Dimensions 18.00 x 92.00
Lot Size Acres 0.04
Lot Size Source Assessor
Waterfront Y/N N
Door Features ENERGY STAR Qualified Door(s)
Land Assessed Value 160000.00
Navigable Water Y/N N
Water Oriented Y/N N
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* Excluded FeaturesList ByCompass Pennsylvania, LlcBroker
reda.akbil@compass.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $10,096
- Monthly Property Taxes
- $187
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% 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.
Learn more about how to save NearbyCommerical listings in Philadelphia, PA
Average List Price $1,140,939
Percent of Sale Price 29%
About Philadelphia, PA 1,588,239 Population
5% Since 2002
$ 42,223 Median Income
36 Median Age
24% Households with Children
Trends Information provided by ATTOM Data Solutions.
2136830 Elementary School
2137124 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 7/21/2026 | $1,599,000 | | Listed Price |