Philadelphia, PA 19121 1947 N 33Rd Street

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Presented By: Select Commercial Advisors
  • MLS# PAPH2471978
  • 04/18/2025
  • Request Tour
  • Request Info
  • SQFT • 8,467

Home Details

1947 N 33rd Street: A turnkey, fully-stabilized, new construction multifamily asset in North Philadelphia West across from Fairmount Park, featuring 5 spacious residential units - all two or three bedrooms each (average 1,380 SF per unit!) - on a desirable, scenic park-front stretch of North 33rd Street. Acquire this high-quality, low-maintenance, new-build (2020 vintage) with a little over 5 years remaining on a full 10-year property tax abatement. Delivered 100% leased, the property offers both steady cash flow and strong appreciation potential driven by the rapidly-developing North Philadelphia submarket. As new construction activity in Philadelphia declines, demand is expected to outpace supply, driving further rental growth in 2025, presenting a unique opportunity for investors to acquire a high-quality, income-producing asset with significant long-term upside.
Presented By: Select Commercial Advisors

Interior Features for 1947 N 33Rd Street

Bathrooms

Total Restrooms11

Other Interior Features

Central Air Y/NYes
Heating FuelElectric
Heating Y/NYes
Hot WaterElectric
Total Stories5

General for 1947 N 33Rd Street

AccessibilityNone
Business TypeApartment Building
Cap Rate7.00
CityPHILADELPHIA
Construction Completed Y/NYes
Construction MaterialsBrick Front, Concrete, Mixed
Cool FuelElectric
CoolingCentral A/C
CountyPHILADELPHIA
DirectionsGoogle Maps
HeatingForced Air
Location TypeUrban
Lot Size Square Feet2160.00
Lot Size UnitsSquare Feet
MLS Area19121 (19121)
ModificationTimestamp2025-04-23T11:57:42
MunicipalityPHILADELPHIA
New ConstructionYes
Number Of Units Total5
OwnershipFee Simple
PossessionImmediate
Price Per Sq Ft Total AG174.21
Property ConditionExcellent
Property SubtypeFive Or More Units
Property TypeCommercial Sale
Property UseInvestment
SewerPublic Sewer
Standard StatusActive
StatusACTIVE
Subdivision NameNONE AVAILABLE
Tax Annual Amount1275.0
Tax Assessed Value91100.0
Tax Lot53
Tax Year2024
Vacation Rental Y/NNo
ViewPark/Greenbelt
Water Access Y/NNo
Waterfront Y/NNo
Year Built2020
Year Built SourceAssessor
ZoningRM1

Exterior for 1947 N 33Rd Street

Building Area Total8467.00
Car Parking Spaces
Land Assessed Value91100.00
Land Use CodeSR
Lot Dimensions24.00 x 90.00
Lot Size Acres0.05
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Navigable Water Y/NNo
Total Loading Docks0
Total Parking Spaces0
Type of ParkingOn Street
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo

Additional Details

Price History

Rachel Shepherd

Price $1,475,000
MLS#PAPH2471978
List Date 04/18/2025
Property Type Commercial
Phone 703.929.4729
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