We are pleased to present a turnkey, fully leased investment opportunity in the highly desirable University City/Drexel and Mantua section of Philadelphia. This purpose-built student housing portfolio includes three properties located at 3716-18-20 Haverford Ave. The portfolio comprises 18 units with a total of 56 bedrooms and bathrooms, offering a diverse mix of 2, 3, and 4-bedroom units. Currently generating approximately $512,000 in annual rental income, this investment boasts a 7.15% cap rate. These properties primarily attract students from Drexel University and the University of Pennsylvania, as well as medical staff and young professionals. Constructed just 5 years ago, the buildings are modern and up-to-date, with 5 years remaining on their property tax abatement. The generously sized units feature high-end finishes, including a 1 bed to 1 bath ratio and premium kitchen and bathroom fixtures. These attributes make the properties highly competitive compared to nearby student housing options, ensuring they remain easy to rent for years to come. Additional amenities include in-unit laundry, video surveillance entrances, sprinklered fire systems, high ceilings, large closets, luxury vinyl flooring, quartz countertops with stainless steel appliances, rooftop decks with skyline views, outdoor backyards, and more. This University City Student Housing Portfolio represents a tremendous opportunity to acquire strong-performing, never-vacant, and low-maintenance assets in a well-known, walkable, and bike-friendly neighborhood experiencing significant growth and expansion with major projects underway featuring over 33 million square feet of lab, residential, institutional, office, and public space in the pipeline at major developments like uCity Square and Schuylkill Yards, plus individual projects throughout the district.(ask me for more details on this). Conveniently located within walking distance to world-class universities, medical facilities, 30th Street Station, and the Art Museum, these properties also offer easy access to local highways.
Property Details
Property Features
Property Information:
Architectural Style: Other
Year Built: 2019
Living Area: 7,600 SqFt
Listing Office:
Office Name: Compass Pennsylvania, LLC
Office Phone: (267) 435-8015
Listing Agent: Reda B Akbil
Interior Features
Interior Information:
Basement: Yes
Exterior Features
Parking Information:
Parking: None
Lot Features
Lot Information:
Lot Size: 0.06 Acres
Utilities
Utilities Information:
Heating: Forced Air, Central
Cooling: Central Air
School Info
Assigned Schools Information:
West Philadelphia High School, Public District Grades 9-12
Morton McMichael School, Public District Grades KG-8
Other
Directions Information:
Directions: haverford ave
Municipality:
Philadelphia
Price Information
Listing Price Info
Price Summary:
List Price: $5,650,000
Price Per SqFt: $743/SqFt
Tax Information:
Annual Amount: $1,403
Tax Year: 2020
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Philadelphia, PA.
This property is $5.3M more than the Median Sold Price and $544/SqFt more than other homes in Philadelphia, PA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: BRIGHT
MLS Number: #PAPH2394864
Listing Office:
Office Name: Compass Pennsylvania, LLC
Office Phone: (267) 435-8015
Listing Agent: Reda B Akbil
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.
The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
3
/10
Morton McMichael School
3543 Fairmount Ave
Distance between this listing and this school0.19 miles
Public District Grades KG-8
High School
2
/10
West Philadelphia High School
4901 Chestnut St
Distance between this listing and this school1.27 miles
Public District Grades 9-12
Assigned Schools
3
/10
Morton McMichael School
3543 Fairmount Ave
Distance between this listing and this school0.19 miles
Public District Grades KG-8
Nearby Schools
5
/10
Samuel Powel Elementary School
301 N 36th St
Distance between this listing and this school0.29 miles
Public District Grades KG-4
3
/10
Belmont Charter School
4030 Brown St
Distance between this listing and this school0.49 miles
Public Charter Grades KG-8
Nearby Schools
6
/10
Middle Years Alternative School for the Humanities MYA
4725 Fairmont Ave
Distance between this listing and this school1.00 miles
Public District Grades 5-8
3
/10
Global Leadership Academy Charter School
4601 W Girard Ave
Distance between this listing and this school1.20 miles
Public Charter Grades KG-8
4
/10
Discovery Charter School
4700 Parkside Ave
Distance between this listing and this school1.32 miles
Public Charter Grades KG-8
Assigned Schools
2
/10
West Philadelphia High School
4901 Chestnut St
Distance between this listing and this school1.27 miles
Public District Grades 9-12
Nearby Schools
5
/10
Paul Robeson High School For Human Services
4125 Ludlow St
Distance between this listing and this school0.67 miles
Public District Grades 9-12
2
/10
School of The Future
4021 Parkside Ave
Distance between this listing and this school0.88 miles
The neighbors living near this home have an average income of $22,621. The majority of Philadelphia, PA residents have income less than $35k annually. Most families are single, no kids. Most residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 3718 Haverford Ave
What is the listing price of this property?
The listing price of 3718 Haverford Ave property is $5,650,000.
What type of property is this?
The property 3718 Haverford Ave is a house located in Philadelphia, Pennsylvania, 19104.
Is this property for sale now?
Active Listing: 3718 Haverford Ave is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 3718 Haverford Ave are: Morton McMichael School: GreatSchools Rating 3/10West Philadelphia High School: GreatSchools Rating 2/10
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $1,403 (source: MLS/based on county public records data).
What is the square footage of this property?
The property 3718 Haverford Ave is 7,600 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 3718 Haverford Ave is 2019.
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This home is located at 3718 Haverford Ave in Philadelphia, PA and zip code 19104 in the Mantua neighborhood. This 7,600 square foot home, which was built in 2019, sits on a 0.06 acre lot. It has been listed on Rocket Homes since September 18, 2024 and is currently priced at $5,650,000.
In October 2024, from all listings sold in Philadelphia, PA there were more than 252 sold above asking price, over 567 sold below and more than 237 were sold right at the asked price. The number of homes for sale in Philadelphia, PA increased by 9.8% between September 2024 and October 2024. In October 2024, listings were on the market for 44 days. During the same period, the median list price in this real estate market was $261,807.
From Rocket Homes Real Estate and based on county public records data.
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement. 
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