37 N PRESTON ST, Philadelphia, PA 19104
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37 N PRESTON ST, Philadelphia, PA 19104
37 N PRESTON ST, Philadelphia, PA 19104
37 N PRESTON ST, Philadelphia, PA 19104
37 N PRESTON ST, Philadelphia, PA 19104
Listed by Rick Land • KW Empower
Bought with Suqing Fan • Triamond Realty

$660,000

Est. payment /mo

$699,000

5.6%
Est.Price: ?

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37 N PRESTON ST Philadelphia, PA 19104

3,544 SqFt

SOLD DATE : 08/04/2026

Key Details

Sold Price $660,000

Property Type Multi-Family

Sub Type Interior Row/Townhouse

Listing Status Sold

Purchase Type For Sale

Square Footage 3,544 sqft

Price per Sqft $186

MLS Listing ID PAPH2619238

Sold Date 08/04/26

Style Traditional

Abv Grd Liv Area 3,544

Year Built 2007

Annual Tax Amount $10,498

Tax Year 2025

Lot Size 1,600 Sqft

Acres 0.04

Lot Dimensions 16.00 x 100.00

Property Sub-Type Interior Row/Townhouse

Source BRIGHT

Property Description

37 N Preston St is a turnkey, cash-flowing legal triplex located in one of Philadelphia's fastest-growing rental corridors. Grossing approximately $5,000 per month, this fully occupied multi-family investment offers the perfect blend of strong in-place income, long-term appreciation potential, and true passive cash flow. Featuring three separately metered units, this income-producing asset is ideal for both seasoned investors and owner-occupants looking to house hack while building wealth.

Positioned in the heart of West Philadelphia near University City, Drexel University, UPenn, major hospitals, public transportation, and Center City access, this high-demand location continues to attract quality tenants year after year. Investors will appreciate the legal triplex zoning, strong rental performance, low vacancy potential, and scalable upside in an area experiencing continued redevelopment and rising property values.

The property offers spacious unit layouts, excellent tenant appeal, and a compelling cap rate opportunity in a market where true turnkey multi-family assets are becoming increasingly scarce. Whether you're looking to expand your portfolio, execute a buy-and-hold strategy, or secure a high-yield asset in a rapidly appreciating neighborhood, 37 N Preston St checks every box. Opportunities like this do not come around often — stable cash flow, prime location, and serious upside potential all in one package.

Location

State PA

County Philadelphia

Area 19104 (19104)

Zoning RSA5

Rooms

Basement Fully Finished

Interior

Hot Water Natural Gas

Heating Forced Air

Cooling Central A/C

Fireplace N

Heat Source Natural Gas

Exterior

Water Access N

Accessibility None

Garage N

Private Pool No

Building

Foundation Stone

Above Ground Finished SqFt 3544

Sewer Public Sewer

Water Public

Architectural Style Traditional

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District Philadelphia City

Others

Tax ID 061181400

Ownership Fee Simple

SqFt Source 3544

Special Listing Condition Standard

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