$675,000
516 N••••• Preston St (Sign up for 50 free credits to unlock)Philadelphia, PA 19104
Property Description
Fantastic Investment or Owner-Occupant Opportunity! Don't miss this well-maintained triplex in the thriving West Powelton neighborhood, offering a combination of existing rental income and flexibility for an owner-occupant or investor. The property features three units with a total of eight bedrooms. The spacious bi-level four-bedroom, two-bath unit includes a kitchen, two living areas, and a private patio. The second and third floors each feature an updated two-bedroom, one-bath apartment. One of the three units is currently vacant, providing an excellent opportunity for an owner-occupant to live in one unit while generating rental income from the other two, or for an investor to lease all three units and maximize the property's income potential. Each apartment features hardwood and ceramic tile flooring, modern kitchens with gas stoves, in-unit washers and dryers, and individual heating and central air conditioning. Recent improvements include newer HVAC systems in Units A, B, and C, vinyl siding, a new water service line, a new dishwasher in Unit A, and a new range and microwave in Unit C. Ideally located in West Powelton, the property is just minutes from the University City Science Center, Drexel University, and the University of Pennsylvania, as well as numerous dining, coffee, and entertainment options. Multiple SEPTA transportation options provide convenient access throughout the city, while Center City is less than ten minutes away by car or bicycle. Whether you're looking for an income-producing investment, an owner-occupied property with rental income to offset your housing costs, or an opportunity to lease all three units, this versatile triplex offers an attractive combination of location, functionality, and upside potential.
Property Facts & Features
- Property Type
- Multi Family
- Status
- Active
- Listed
- Oct 5, 2026
- Price per Sq Ft
- $181/sqft
- ZIP Code
- 19104
- Parking
- On Street
- Heating
- Forced Air
- Cooling
- Central A/C
- Construction
- Brick Front, Vinyl Siding
- Style
- Traditional
- Property Tax (2026)
- $7,418/yr
- Assessed Value
- $530,000
- Last Sold
- $578,000 · Jun 18, 2019
- Neighborhood
- University City
- County
- Philadelphia
- School District
- The School District of Philadelphia
Estimated Value
Automated estimate. Not an appraisal.
Features & Amenities
Land Info
- Lot Size Acres: 0.0349862
- Lot Size Square Feet: 1524
Multi-Unit Info
- Number of Units: 3
- Number of 1 Bedroom Units: 0
- Number of 2 Bedroom Units: 2
- Number of 3 Bedroom Units: 0
Garage and Parking
- Parking Features: On Street
School Information
- School District: THE SCHOOL DISTRICT OF PHILADELPHIA
Heating and Cooling
- Cooling Features: Central A/C
- Heating Features: Forced Air
- Heating: Yes
Other Property Info
- Annual Tax Amount: 8016
- Source Listing Status: Active
- County: PHILADELPHIA
- Disclaimer: Standard
- Ownership: Fee Simple
- Source Neighborhood: POWELTON VILLAGE
- Subdivision: POWELTON VILLAGE
- Township: PHILADELPHIA
- Property Subtype: Triplex
Building and Construction
- Total Square Feet Living: 3732
- Year Built: 2009
- Above Grade Finished Area: 2832
- BelowGradeFinishedArea: 900
- Construction Materials: Brick Front, Vinyl Siding
- Property Age: 17
- Structure Type: Interior Row/Townhouse
- Total Area Sqft: 3732
- Total Below Grade Area: 900
- Architectural Style: Traditional
Location
Lat 39.96194 · Lng -75.20414