#PAPH2406086, Juliet C. Welker, Listing Office: Compass Pennsylvania, LLC
$10,000
closing credit¹
3202 Hamilton St Philadelphia, PA 19104
Property details
About 3202 Hamilton St
This sale includes both 3202 and 3204 Hamilton st buildings This exceptional real estate opportunity encompasses both 3202 and 3204 Hamilton St buildings, offering a rare chance to acquire a PRIME location generational investment acquisition opportunity. This turnkey 4-unit property is in the heart of Powelton Village and Drexel University. Each building consists of two units, presenting a total of four units for potential investment. The property boasts fully leased units until the end of August 2025 currently generating a total of $11,150 per month, offering 7+ cap rate. Each bi-level unit features a spacious open-concept common area, fully equipped kitchen, large bedrooms with full closets, hardwood floors, recessed lighting, modern bathrooms, and separate washer/dryer. Additionally, both Unit 1s are accompanied by a good-size backyard for outdoor space, and all units are metered separately. This building has been fully gutted and partially rebuilt few years ago, offering newer mechanicals, plumbing, electrical and more. The location is unbeatable , appealing to students, medical professionals, and university staff due to its close proximity to Drexel University, Upenn, and nearby hospitals. Furthermore, with an abundance of public transportation options and its convenience to Downtown Philadelphia, the property is well-positioned for future appreciation potential. The ongoing new developments in the area, such as Schuylkill Yards, Science Center, and University Place 3.0, further underscore the potential for long-term growth and appreciation. This multifamily investment opportunity is not to be missed, offering a strong rental history and significant potential for appreciation. Act fast, properties like this one are rare to come to the market!
Highlights
(ACTIVE)
Summary
- MLS Number: PAPH2376868
- MLS Name: BRIGHT
- Office Name: Compass Pennsylvania, LLC
- Office Phone: (267) 435-8015
- Office Email: marianne.dillon@compass.com
- Listing Agent: Reda B Akbil
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Last updated on: 2/1/2025, 9:20:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,395,000
3202 Hamilton St
$10,000
closing credit¹
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0.5% sale price²
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
Year | Assessment | Property Tax |
---|---|---|
2023 | $1,292,800 | $18,096 |
2022 | $599,859 | $3,886 |
2021 | $- | $3,886 |
2020 | $646,500 | $3,886 |
2019 | $622,300 | $3,741 |
2018 | $333,100 | $2,003 |
2017 | $333,100 | $2,003 |
History based on county public records data.
Nearby schools
5
Samuel Powel Elementary School
Public District KG-4
0.3 mi
•301 N 36th St
3
Inquiry Charter School
Public Charter PK-5
1.5 mi
•1301 Belmont Ave
1
Richard R. Wright Elementary School
Public District KG-5
2.0 mi
•2700 W Dauphin St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $20,758. The most common annual income of people living in Philadelphia, PA is less than $<35k. Most families are single, no kids. The majority of residents in this area have high school diploma education.
Similar homes for sale
This home is located at 3202 Hamilton St in Philadelphia, PA and zip code 19104 in the Powelton neighborhood. This 5,658 square foot home, which was built in 1870, sits on a 0.05 acre lot. Features: 0 bathroom. It has been listed on Rocket Homes since August 25, 2024 and is currently priced at $1,395,000.
Philadelphia, PA housing market in January 2025 saw over 152 listings sold above listed price, more than 186 sold at listed price and over 457 sold below. In January 2025 in Philadelphia, PA there were 3.5% more homes for sale than in December. The median list price of listings available in January 2025 was $266,945, while the average time on the real estate market was 52 days.