517 S 42nd Street, Philadelphia, PA 19104
- $1,360,000
- Sold Price
- $1,360,000
- List Price
- $1,495,000
- Closing Date
- Mar 31, 2026
- Days on Market
- 23
- Status
- CLOSED
- MLS#
- PAPH2582912
- Lot Size (Acres)
- 0.09
- Year Built
- 1870
- County
- Philadelphia
- School District
- The School District Of Philadelphia
Property Description
517 S 42nd Street presents an exceptional opportunity to acquire a fully renovated six-unit multifamily property in the heart of University City. Each spacious unit offers 2 bedrooms and 2 full bathrooms—an ideal layout for students, medical and young professionals seeking modern living near Philadelphia’s premier institutions. The property underwent a comprehensive renovation in 2020, including a newly constructed rear expansion, contemporary finishes, efficient floor plans, and strong rental appeal throughout. Ideally located just steps from University of Pennsylvania, Drexel University, Children’s Hospital of Philadelphia, Saint Joseph's University City Campus, Hospital of the University of Pennsylvania, and University of the Sciences, the location provides consistent tenant demand and long-term appreciation potential. Additional highlights include rare on-site parking, a tax abatement in place, and an attractive cap rate exceeding 7%, making this a stabilized, turnkey investment opportunity in one of Philadelphia’s strongest and most desirable rental submarkets.
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Additional Information
- Area
- 19104 (19104)
- Subdivision
- Spruce Hill
- Taxes
- $10156
- School District
- The School District Of Philadelphia
- Heating
- Forced Air, Heat Pump - Electric BackUp
- Heating Fuel
- Electric
- Cooling
- Central A/C
- Water
- Public
- Sewer
- Public Sewer
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Listing courtesy of KW Empower. Contact:
Selling Office: .