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4,731 sqft

$1,250,000

516 N 34TH STREET, PHILADELPHIA PA, 19104

Price per sqft$264.21
Built in2016
Property size4,731 sqft
Property typeMulti-family

Overview

Active

Active-bright

Listed Jun 30, 2026

Updated 8 days ago

Turnkey Student Housing Investment Near Drexel University An exceptional opportunity to acquire a fully renovated, cash-flowing student housing property in the heart of Drexel University. This turnkey investment consists of four fully leased apartments, each featuring 3 spacious bedrooms and 1 full bathroom, for a total of 12 bedrooms and 4 bathrooms. Every unit has been thoughtfully renovated with modern finishes, including hardwood flooring, stainless steel appliances, central heating and air conditioning, in-unit washers and dryers, and built-in microwaves. The oversized bedrooms and functional layouts make the property highly desirable among Drexel students, contributing to consistent occupancy and strong rental demand. The property is 100% leased for the 2026–2027 Drexel academic year, providing immediate, stable cash flow from day one. Investment Highlights: Four renovated 3-bedroom, 1-bath apartments Total of 12 bedrooms and 4 full bathrooms Fully leased for the 2026–2027 Drexel school year Monthly rental income: $7,700 Additional water reimbursement income: $275/month Total gross monthly income: $7,975 Modern renovations throughout all units Central heating and air conditioning In-unit washers and dryers Hardwood floors and stainless steel appliances Strong rental history in a high-demand student housing market Located just minutes from Drexel University, the University of Pennsylvania, public transportation, hospitals, restaurants, and Center City Philadelphia, this property offers an outstanding combination of reliable income, strong tenant demand, and long-term appreciation potential. Whether you're expanding an existing portfolio or acquiring your first student housing asset, this fully stabilized property presents an outstanding investment opportunity with immediate cash flow and minimal management concerns.

$8,316/mo

Est. mortgage payment based on a $1,250,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
PAPH2642862

Interior Features

Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.04 Acres

Other Property Details

Taxes
$22,914
Tax Frequency
Annually
MLS provider logo

Listed by Plus Realtors
Listing Contact: 6463797109 

The IDX display contains information sourced from the Bright MLS, Inc. as of 10/2/2026. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

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Data last updated on 10/2/2026 at 12:11 AM UTC

 

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