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Philadelphia, PA 19121,1947 N 33RD ST
Philadelphia, PA 19121,1947 N 33RD ST
Philadelphia, PA 19121,1947 N 33RD ST
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Listed by Samantha Lee Miller • Select Commercial Advisors
$1,375,000
Est. payment /mo
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8,467 SqFt
Active

1947 N 33RD ST Philadelphia, PA 19121

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Jonathan Greene

Jonathan Greene

+1(973) 873-0734

UPDATED:

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 8,467 sqft

Price per Sqft $162

Subdivision None Available

MLS Listing ID PAPH2471978

Year Built 2020

Available Date 2025-04-21

Annual Tax Amount $1,275

Tax Year 2024

Lot Size 2,160 Sqft

Acres 0.05

Lot Dimensions 24.00 x 90.00

Property Sub-Type Five Or More Units

Source BRIGHT

Property Description

1947 N 33rd Street: A turnkey, fully-stabilized, new construction multifamily asset with a 7.5% cap rate in North Philadelphia West across from Fairmount Park, featuring 5 spacious residential units - all two or three bedrooms each (average 1,380 SF per unit!) - on a desirable, scenic park-front stretch of North 33rd Street. Acquire this high-quality, low-maintenance, new-build (2020 vintage) with a little over 5 years remaining on a full 10-year property tax abatement. Delivered 100% leased, the property offers both steady cash flow and strong appreciation potential driven by the rapidly-developing North Philadelphia submarket. As new construction activity in Philadelphia declines, demand is expected to outpace supply, driving further rental growth in 2025, presenting a unique opportunity for investors to acquire a high-quality, income-producing asset with significant long-term upside.

Location

State PA

County Philadelphia

Area 19121 (19121)

Zoning RM1

Interior

Hot Water Electric

Heating Forced Air

Cooling Central A/C

Heat Source Electric

Exterior

Water Access N

View Park/Greenbelt

Accessibility None

Garage N

Building

Sewer Public Sewer

Water Public

New Construction Y

Schools

School District Philadelphia City

Others

Tax ID 881000970

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Standard

Bright MLS (BMLS)

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agent

Jonathan Greene

Team Leader | License ID: 1433604

+1(973) 873-0734

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