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
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