NOT LISTED FOR SALE

Estimated Value: $921,230

Studio
-- Bath
3,120 Sq Ft
$295/Sq Ft Est. Value

Sale Details

Date Sold: June 28, 2016

Last sale price $475,000 $152 Per Sq Ft

Est. 94% increase in value since last sale

Current estimated payment $5,833 / mo

188 Days on Market

About This Home

As of June 2016

Prime cash flowing investment opportunity in the heart of University City! Welcome to 500 N 34th St, Philadelphia, PA 19104, a rare chance to own a high income potential property in one of Philadelphia’s strongest and fastest growing rental markets. Located just minutes from Drexel University, UPenn, major hospitals, public transportation, restaurants, and shopping, this property is ideally positioned to attract steady tenant demand year round. This spacious multi level property offers an excellent layout designed for maximizing rental income. The first floor features 4 private rooms and 3 bathrooms, the second floor includes 1 room and 1 bathroom, and the third floor offers an additional 4 private rooms and 3 bathrooms, providing exceptional flexibility for student housing, shared living, or long term rental strategies. With multiple income producing rooms, strong rental appeal, and a highly desirable location, this property presents an outstanding opportunity for investors looking to generate immediate cash flow while benefiting from long term appreciation. Large living spaces, abundant natural light, and convenient access to Center City, I 76, SEPTA, universities, and healthcare campuses further enhance the property’s value and tenant appeal. Whether you are expanding your portfolio or searching for your next high performing investment, this is an opportunity you do not want to miss.

Last Agent to Sell the Property

Arthur Bye

(215) 387-1002 chris@newagerealtygroup.com New Age Realty Group Inc Listed on: 11/01/2015

Last Buyer's Agent

Howard Kouan

(215) 725-7080 tommyzhan@gmail.com Premium Realty Castor Inc License #RS331651

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,470

Year Built

  • Built in 1935

Lot Details

  • 2,121 Sq Ft Lot
  • Lot Dimensions are 22x95

Parking

  • On-Street Parking

Home Design

  • Duplex
  • Brick Exterior Construction
  • Slab Foundation
  • Stone Siding

Interior Spaces

  • 3,120 Sq Ft Home
  • Basement Fills Entire Space Under The House

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Uses Gas
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 100
  • Assessor Parcel Number 242151900

Community Details

Overview

  • No Home Owners Association
  • Powelton Village Subdivision

Building Details

  • Operating Expense $4,279

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,470

Year Built

Built in 1935

Lot Details

2,121 Sq Ft Lot

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Interior Row/Townhouse
  • Ownership: Fee Simple
  • Inclusions: Washer & Dryer
  • New Construction: No
  • Year Built: 1935
  • Special Features: None

Interior Features

  • Fireplace: No
  • Foundation Details: Slab
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full
  • Laundry Type: Has Laundry
  • Total Sq Ft: 3120
  • Living Area Sq Ft: 3120
  • Price Per Sq Ft: 184.29
  • Above Grade Finished Sq Ft: 3120
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Brick, Stone
  • Construction Completed: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Street
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: No
  • Cooling Type: Wall Unit
  • Heating Fuel: Natural Gas
  • Heating Type: Gas
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No

Lot Info

  • Improvement Assessed Value: 279873.00
  • Land Assessed Value: 39427.00
  • Lot Size Acres: 0.05
  • Lot Dimensions: 22X95
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2121.00
  • Zoning: RM1

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 60600.00
  • Other Units: Unit 1,Unit 2

Tax Info

  • Assessor Parcel Number: 1028197
  • Tax Annual Amount: 4470.00
  • Assessor Parcel Number: 242151900
  • Tax Lot: 100
  • Tax Year: 2016

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 1, 2015
Closed on
Jun 21, 2016
Sold by
Bought by
Seller's Agent
Arthur Bye
New Age Realty Group Inc
Buyer's Agent
Howard Kouan
Premium Realty Castor Inc
List Price
$575,000
Sold Price
$475,000
Premium/Discount to List
-$100,000
-17.39%
Current Estimated Value
$921,230

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$446,230
Avg. Annual Appreciation
6.79%
Original Mortgage
$285,000
Outstanding Balance
$221,764
Interest Rate
3.64%
Mortgage Type
Commercial
Estimated Equity
$699,466

Purchase Details

Closed on
May 31, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$164,000
Interest Rate
6.24%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 30, 1998
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$475,000 None Available
$205,000 --
$118,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $285,000
Previous Owner $164,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
06/04/2026 06/04/26 Price Changed $900,000 -5.3% $288 / Sq Ft
05/08/2026 05/08/26 For Sale $949,999 +100.0% $304 / Sq Ft
06/28/2016 06/28/16 Sold $475,000 -17.4% $152 / Sq Ft
05/07/2016 05/07/16 Pending -- -- --
11/01/2015 11/01/15 For Sale $575,000 -- $184 / Sq Ft
Source: Bright MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 $9,295 $664,000 $132,800 $531,200
2025 $8,498 $1,045,300 $209,060 $836,240
2024 $8,498 $1,045,300 $209,060 $836,240
2023 $8,498 $607,100 $121,420 $485,680
2022 $8,848 $607,100 $121,420 $485,680
2021 $8,848 $0 $0 $0
2020 $8,848 $0 $0 $0
2019 $8,516 $0 $0 $0
2018 $4,470 $0 $0 $0
2017 $4,470 $0 $0 $0
2016 $4,470 $0 $0 $0
2015 $3,708 $0 $0 $0
2014 -- $319,300 $39,427 $279,873
2012 -- $16,128 $3,398 $12,730
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1002761696

Bright MLS

APN: 242151900

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