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3,732 sqft

$675,000

516 N PRESTON STREET, PHILADELPHIA PA, 19104

Price per sqft$180.87
Built in2009
Property size3,732 sqft
Property typeMulti-family

Overview

Active

Active-bright

Listed Oct 6, 2026

Updated 29h ago

Fantastic Investment or Owner-Occupant Opportunity! Don’t miss this well-maintained triplex in the thriving West Powelton neighborhood, offering a combination of existing rental income and flexibility for an owner-occupant or investor. The property features three units with a total of eight bedrooms. The spacious bi-level four-bedroom, two-bath unit includes a kitchen, two living areas, and a private patio. The second and third floors each feature an updated two-bedroom, one-bath apartment. One of the three units is currently vacant, providing an excellent opportunity for an owner-occupant to live in one unit while generating rental income from the other two, or for an investor to lease all three units and maximize the property's income potential. Each apartment features hardwood and ceramic tile flooring, modern kitchens with gas stoves, in-unit washers and dryers, and individual heating and central air conditioning. Recent improvements include newer HVAC systems in Units A, B, and C, vinyl siding, a new water service line, a new dishwasher in Unit A, and a new range and microwave in Unit C. Ideally located in West Powelton, the property is just minutes from the University City Science Center, Drexel University, and the University of Pennsylvania, as well as numerous dining, coffee, and entertainment options. Multiple SEPTA transportation options provide convenient access throughout the city, while Center City is less than ten minutes away by car or bicycle. Whether you're looking for an income-producing investment, an owner-occupied property with rental income to offset your housing costs, or an opportunity to lease all three units, this versatile triplex offers an attractive combination of location, functionality, and upside potential.

$4,491/mo

Est. mortgage payment based on a $675,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
PAPH2675564

Interior Features

Cooling
Yes
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.03 Acres

Other Property Details

Taxes
$8,016
Tax Frequency
Annually
Maintenance Expense
$1,835
MLS provider logo

Listed by Compass Pennsylvania, LLC
Listing Contact: 6109966000 

The IDX display contains information sourced from the Bright MLS, Inc. as of 10/7/2026. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

©2026 Bright MLS, Inc. all rights reserved.

Data last updated on 10/7/2026 at 3:52 AM UTC

 

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