About 1947 N 33rd St
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.
Features of 1947 N 33rd St
| MLS® # | PAPH2471978 |
|---|---|
| Price | $1,370,000 |
| Bathrooms | 0.00 |
| Square Footage | 8,467 |
| Acres | 0.05 |
| Year Built | 2020 |
| Type | Commercial Sale |
| Sub-Type | Five Or More Units |
| Status | Active |
Community Information
| Address | 1947 N 33rd St |
|---|---|
| Area | 19121 |
| Subdivision | NONE AVAILABLE |
| City | PHILADELPHIA |
| County | PHILADELPHIA-PA |
| State | PA |
| Municipality | PHILADELPHIA |
| Zip Code | 19121 |
Amenities
| View | Park/Greenbelt |
|---|---|
| Is Waterfront | No |
Interior
| Heating | Forced Air |
|---|---|
| Cooling | Central A/C |
| Has Basement | No |
| Fireplace | No |
| # of Stories | 5 |
Exterior
| Exterior | Brick Front, Concrete/Block |
|---|
School Information
| District | PHILADELPHIA CITY |
|---|
Additional Information
| Date Listed | April 21st, 2025 |
|---|---|
| Days on Market | 182 |
| Zoning | RM1 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Select Commercial Advisors |
|---|---|
| Contact Info | (215) 315-3326 |