Bought with WALAA ELDIN ELABSY • Realty Mark Associates
$240,000
$250,000
4.0%For more information regarding the value of a property, please contact us for a free consultation.
643 N PRESTON ST Philadelphia, PA 19104
2,580 SqFt
Key Details
Sold Price $240,000
Property Type Multi-Family
Sub Type Interior Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 2,580 sqft
Price per Sqft $93
Subdivision University City
MLS Listing ID PAPH2621198
Sold Date 09/24/26
Style Traditional
Abv Grd Liv Area 2,580
Year Built 1925
Annual Tax Amount $1,979
Tax Year 2025
Lot Size 1,386 Sqft
Acres 0.03
Lot Dimensions 18.00 x 77.00
Property Sub-Type Interior Row/Townhouse
Source BRIGHT
Property Description
Located in the heart of Philadelphia's booming University City neighborhood, this is an exceptional opportunity for investors, developers, and builders to capitalize on one of the city's fastest-growing areas. Positioned along the highly visible Lancaster Avenue commercial corridor, the property offers incredible potential for redevelopment and long-term appreciation. There are so many new constructions on the block; come and be the next developer. The work has been made easy for you.
The building has already been framed for a three-unit layout, featuring spacious two-bedroom units on the second and third floors. The first floor was previously approved for restaurant use, though buyers should verify the current status of any permits with the city.
Surrounded by strong rental demand driven by students from Drexel University and the University of Pennsylvania, as well as young professionals, this location is primed for continued growth. The ongoing expansion of Schuylkill Yards is expected to further transform the area and increase property values for years to come.
Whether you're looking to develop 3 apartments or create a mixed-use investment property, this property presents endless possibilities in a rapidly appreciating market.
No power in the building. So, please bring a flashlight with you. Don't miss this rare investment opportunity — submit your offer today!
Location
State PA
County Philadelphia
Area 19104 (19104)
Zoning RM1
Rooms
Basement Interior Access, Walkout Stairs
Interior
Interior Features Other
Hot Water None
Heating None
Cooling None
Flooring Rough-In
Fireplace N
Heat Source None
Exterior
Exterior Feature Patio(s)
Water Access N
View Street
Accessibility None
Porch Patio(s)
Garage N
Private Pool No
Building
Lot Description Rear Yard
Foundation Concrete Perimeter
Above Ground Finished SqFt 2580
Sewer Public Sewer
Water Public
Architectural Style Traditional
Additional Building Above Grade, Below Grade
Structure Type High
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 871067200
Ownership Fee Simple
SqFt Source 2580
Acceptable Financing Cash, Conventional, Negotiable
Listing Terms Cash, Conventional, Negotiable
Financing Cash,Conventional,Negotiable
Special Listing Condition Standard
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