2331 N 33RD ST Active Save Request In-Person Tour Request Virtual Tour
Philadelphia,PA 19132
Key Details
Property Type Multi-Family
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 6,240 sqft
Price per Sqft $217
MLS Listing ID PAPH2531152
Style Other
Year Built 2016
Annual Tax Amount $1,128
Tax Year 2025
Lot Size 2,636 Sqft
Property Sub-Type Other
Property Description
2331-33 N 33rd Street, a newly constructed, fully stabilized six-unit multifamily property ideally situated across from Fairmount Park in North Philadelphia. The property has 9 years remaining on Philadelphia's 10-Year Step-Down Tax Abatement program, which significantly reduces rea estate taxes in the eary years of ownership and enhances investor returns. Completed in 2024 and fully leased in early 2025, this turnkey investment features brand-new building systems, condo-grade interiors, and a balanced unit mix that includes premium 3-bedroom units with private roof decks.
Ideally located across from Fairmount Park and minutes from the Art Museum and Brewerytown, the property benefits from strong renta demand driven by proximity to outdoor amenities, neighborhood retail, and rapid access to Center City. The asset generates almost $10,000 per month in gross renta income, benefiting from Phiadephia's 10-year step-down tax abatement, which starts at 100% in Year 1 and phases out annually.
Offered at a 7.25% cap rate and $196.38 per SF, this offering represents an excellent opportunity to acquire a cash-flowing multifamily asset in a high growth corridor at an attractive basis. We have been exclusively retained to market the property and welcome inquiries from qualified investors.
Location
State PA
County Philadelphia
Area 19122 (19122)
Zoning CMX2
Interior
Hot Water Electric
Heating Forced Air
Cooling Other
Exterior
Water Access N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Philadelphia City
Others
Acceptable Financing Cash,Conventional,Negotiable
Listing Terms Cash,Conventional,Negotiable
Special Listing Condition Standard