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Listed by Tom Dilsheimer • Compass Pennsylvania, LLC
$575,000
Est. payment /mo
3,566 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Subdivision Powelton Village
MLS Listing ID PAPH2638328
Year Built 1915
Tax Year 2025
Lot Size 3,566 Sqft
Acres 0.08
Lot Dimensions 30.00 x 121.00
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
3410 Race St is a 5-unit, three-story apartment building totaling ±3,330 SF, offered in Philadelphia's premier academic rental corridor. Located steps from Drexel University's main campus and minutes from the University of Pennsylvania, the property sits at the intersection of two world-class institutions that collectively generate one of the deepest and most durable pools of renter demand in the Mid-Atlantic.
The building carries the classic Victorian character that defines Powelton Village — a neighborhood that continues to attract students, graduate researchers, faculty, and healthcare professionals employed at nearby Penn Medicine and CHOP. With a SEPTA station four minutes on foot and walkable access to the 40th Street retail corridor, tenants at 3410 Race St enjoy genuine transit-oriented convenience without sacrificing neighborhood livability.
University City's 19104 zip code is one of the tightest rental submarkets in Philadelphia, consistently posting sub-5% vacancy driven by institutional enrollment cycles and anchor employers in healthcare and biotech. The property reflects a stabilized, income-producing asset with meaningful downside protection — the kind of profile that holds up across market cycles. For a 1031 exchange buyer or a portfolio investor seeking reliable academic-market income, this is a straightforward opportunity to add a well-located, fully tenanted building in a submarket where replacement supply is severely constrained.
Contact us for rent roll, financials, and showing availability.
The building carries the classic Victorian character that defines Powelton Village — a neighborhood that continues to attract students, graduate researchers, faculty, and healthcare professionals employed at nearby Penn Medicine and CHOP. With a SEPTA station four minutes on foot and walkable access to the 40th Street retail corridor, tenants at 3410 Race St enjoy genuine transit-oriented convenience without sacrificing neighborhood livability.
University City's 19104 zip code is one of the tightest rental submarkets in Philadelphia, consistently posting sub-5% vacancy driven by institutional enrollment cycles and anchor employers in healthcare and biotech. The property reflects a stabilized, income-producing asset with meaningful downside protection — the kind of profile that holds up across market cycles. For a 1031 exchange buyer or a portfolio investor seeking reliable academic-market income, this is a straightforward opportunity to add a well-located, fully tenanted building in a submarket where replacement supply is severely constrained.
Contact us for rent roll, financials, and showing availability.
Location
State PA
County Philadelphia
Area 19104 (19104)
Zoning RTA1
Interior
Hot Water 60+ Gallon Tank
Heating Radiator
Cooling None
Flooring Hardwood
Heat Source Natural Gas
Exterior
Water Access N
Roof Type Flat,Slate,Shingle
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Community
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 241065400
Ownership Fee Simple
Special Listing Condition Standard
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Nearby School & Business
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