28 days on rocket

516 N Preston St, Philadelphia, PA, 19104

$725,000

Home List Price

$8,609*

Closing Credit

0 Baths
3,732 SqFt
$194/SqFt
Multi

Location

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516 N Preston St, Philadelphia$725,000

Buyer Closing Credits

$8,609*

1.25% Loan Amount

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Property Highlights

Home TypeTriplex
ParkingOn Street
Year Built2009
HeatingForced Air
CoolingCentral Air
BasementYes
MLS #PAPH2413020
Lot Size0.03 Acres
StatusActive
(ACTIVE)

About 516 N Preston St

Fantastic Investment Opportunity! Don’t miss this fully rented triplex with excellent cash flow and low annual expenses. This property features three units with a total of eight bedrooms: a spacious bi-level four-bedroom, two-bath unit complete with a kitchen, two living areas, and a private patio. The second and third floors offer two updated two-bedroom, one-bath units. Each apartment boasts hardwood and ceramic tile flooring, modern kitchens with gas stoves, in-unit washers and dryers, and individual heating and central air conditioning. Recent upgrades include: newer HVAC units (units A, B, and C), vinyl siding, new water service line, new dishwasher (Unit A), new range and microwave (unit C). Located in the thriving West Powelton neighborhood, this property is strategically positioned near the University City Science Center, Drexel University, and the University of Pennsylvania, along with a variety of dining and coffee options. With multiple convenient SEPTA transportation options available, it is less than ten minutes by car or bicycle to Center City—an undeniable opportunity for any investor.

Property Details

Property Features

Property Information:

  • Architectural Style: Traditional
  • Year Built: 2009
  • Living Area: 3,732 SqFt

Listing Office:

  • Office Name: Compass Pennsylvania, LLC
  • Office Phone: (610) 822-3356
  • Listing Agent: Jordan B Wiener

Interior Features

Interior Information:

  • Basement: Yes
  • Flooring Type: Hardwood

Exterior Features

Parking Information:

  • Parking: On Street

Lot Features

Lot Information:

  • Lot Size: 0.03 Acres

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: Central Air

Other

Directions Information:

  • Directions: 516 N Preston St

Municipality:

  • Philadelphia

Price Information

Listing Price Info

Price Summary:

  • List Price: $725,000
  • Price Per SqFt: $194/SqFt

Tax Information:

  • Annual Amount: $6,909
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Philadelphia, PA.

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Philadelphia, PA

City

Med. Sold Price

$261.8K

Med. Price/SqFt

$199

Avg. Days On Market

44

# of Sold Homes

1056

516 N Preston St vs Philadelphia

28 DAYS ON ROCKET

-16 Days

$725,000

+$463.1K More

$194/SqFt

-$5 Less

KEY TAKEAWAY

This property is $463.1K more than the Median Sold Price and $5/SqFt less than other homes in Philadelphia, PA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: BRIGHT
  • MLS Number: #PAPH2413020

Listing Office:

  • Office Name: Compass Pennsylvania, LLC
  • Office Phone: (610) 822-3356
  • Listing Agent: Jordan B Wiener

IDX 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.

BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2024 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/21/2024, 1:20:58 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jun 19, 2019Home Sold
$578,000
Sep 06, 2017Home Sold
$475,000
Aug 03, 2009Home Sold
$333,000
Oct 11, 2007Home Sold
$75,600

Tax History

YEARPROP. TAXASSESSMENT
2020$6,909 -
2019$3,323$475,100
2018$645$323,100
2017$645$323,100

History based on county public records data.

Payment Calculator

$3,686

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,240

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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.

Nearby Schools

school-card-donut-307964
5
/10

  • Samuel Powel Elementary School

  • 301 N 36th St

  • 0.57 miles

  • Public District Grades KG-4

school-card-donut-307965
3
/10

  • Inquiry Charter School

  • 1301 Belmont Ave

  • 0.99 miles

  • Public Charter Grades PK-5

school-card-donut-307966
3
/10

  • Universal Institute Charter School at Bluford

  • 5801 Media St

  • 1.88 miles

  • Public Charter Grades KG-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $25,680. Residents of Philadelphia, PA typically earn less than $35k each year. The majority of families are single, no kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›Pennsylvania›Philadelphia County›Philadelphia›19104›516 N Preston St

This home is located at 516 N Preston St in Philadelphia, PA and zip code 19104 in the Powelton neighborhood. This 3,732 square foot home, which was built in 2009, sits on a 0.03 acre lot. It has been listed on Rocket Homes since October 23, 2024 and is currently priced at $725,000.

Philadelphia, PA housing market in October 2024 saw over 252 listings sold above listed price, more than 237 sold at listed price and over 567 sold below. The number of homes for sale in Philadelphia, PA increased by 9.8% between September 2024 and October 2024. While the average time on the market in October 2024 was 44 days, the median list price was $261,807.

From Rocket Homes Real Estate and based on county public records data.

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