$2,540 Closing Credit¹
#PAPH2400856, Nathan S Naness, Listing Office: KW Empower
3718 Haverford Ave Philadelphia, PA 19104
$5,650,000 List price
7,600 sqft
0.06 acres
$743 / sqft
House
Property details
About 3718 Haverford Ave
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.
Highlights
Home typeOther
HeatingForced Air, Central
StatusActive
(ACTIVE)
(ACTIVE)
CoolingCentral Air
Size7,600 sqft
BasementYes
Lot size0.06 Acres
Year builtNew Const., 2019
MLS #PAPH2394864
Summary
- MLS Number: PAPH2394864
- MLS Name: BRIGHT
- Office Name: Compass Pennsylvania, LLC
- Office Phone: (267) 435-8015
- Office Email: marianne.dillon@compass.com
- 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.
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. ©2025 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: 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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$5,650,000
3718 Haverford Ave
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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 | $- | $1,867 |
| 2022 | $133,400 | $1,402 |
| 2021 | $- | $1,402 |
| 2020 | $25,400 | $355 |
| 2019 | $25,400 | $355 |
| 2018 | $25,400 | $355 |
| 2017 | $25,400 | $- |
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
1.1 mi
•1301 Belmont Ave
1
Richard R. Wright Elementary School
Public District KG-5
2.1 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 $22,621. Typical income of Philadelphia, PA residents is less than $<35k annually. Most families are single, no kids. The majority of residents in this area have post secondary degree education.
How much money do the neighbors make?
70%
<35k
20%
35k-100k
10%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
61%
Single, No Kids
27%
Single, with Kids
6%
Married, No Kids
6%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
16%
<11 yrs old
8%
12-17 yrs old
34%
18-34 yrs old
34%
35-64 yrs old
8%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Major League Soccer (MLS)
Mexican League Soccer
Where do the neighbors shop?
Burlington
H&M
Foot Locker
Where do the neighbors go to eat?
White Castle
Popeyes
Boston Market
What do the neighbors drive?
Kia
Nissan
Honda
What do the neighbors listen to?
Urban Adult Contemporary
Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
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Frequently asked questions
About 3718 Haverford Ave
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. Features: 0 bathroom. It has been listed on Rocket Homes since September 18, 2024 and is currently priced at $5,650,000.
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. Between December and January 2025, Philadelphia, PA real estate market has seen increase in the number of listings by 3.5%. 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.
From Rocket Homes Real Estate and based on county public records data.