Bought with Suqing Fan • Triamond Realty
$660,000
$699,000
5.6%For more information regarding the value of a property, please contact us for a free consultation.
37 N PRESTON ST Philadelphia, PA 19104
3,544 SqFt
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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