$8,301 Closing Credit¹
#PAPH2363200, Manuel A Adames, Listing Office: Opus Elite Real Estate
$8,609
closing credit¹
516 N Preston St Philadelphia, PA 19104
$725,000 List price
$8,609
Closing credit¹
3,732 sqft
0.03 acres
$194 / sqft
Multi-Family
Property details
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.
Highlights
Home typeTriplex
HeatingForced Air
StatusActive
(ACTIVE)
(ACTIVE)
CoolingCentral Air
Size3,732 sqft
BasementYes
Lot size0.03 Acres
Year built2009
ParkingOn Street
MLS #PAPH2413020
Summary
- MLS Number: PAPH2413020
- MLS Name: BRIGHT
- Office Name: Compass Pennsylvania, LLC
- Office Phone: (610) 822-3356
- Office Email: marianne.dillon@compass.com
- Listing Agent: Jordan B Wiener
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, 6:20:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$725,000
516 N Preston St
$8,609
closing credit¹
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Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jun 19, 2019 | Home Sold | $578,000 |
| Sep 06, 2017 | Home Sold | $475,000 |
| Aug 03, 2009 | Home Sold | $333,000 |
| Oct 11, 2007 | Home Sold | $75,600 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $530,000 | $7,418 |
| 2022 | $530,000 | $6,909 |
| 2021 | $- | $6,909 |
| 2020 | $493,600 | $6,909 |
| 2019 | $475,100 | $3,323 |
| 2018 | $323,100 | $644 |
| 2017 | $323,100 | $644 |
History based on county public records data.
Nearby schools
5
Samuel Powel Elementary School
Public District KG-4
0.6 mi
•301 N 36th St
3
Inquiry Charter School
Public Charter PK-5
1.0 mi
•1301 Belmont Ave
3
Universal Institute Charter School at Bluford
Public Charter KG-6
1.9 mi
•5801 Media 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 $25,680. Most Philadelphia, PA residents have annual incomes less than $<35k. Residents typically live in single, no kids family. Residents of this area typically have high school diploma 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
Doctorate
What types of families live nearby?
72%
Single, No Kids
18%
Single, with Kids
6%
Married, No Kids
4%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
12%
<11 yrs old
7%
12-17 yrs old
37%
18-34 yrs old
33%
35-64 yrs old
11%
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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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. Features: 0 bathroom. It has been listed on Rocket Homes since October 23, 2024 and is currently priced at $725,000.
In January 2025, from all listings sold in Philadelphia, PA there were more than 152 sold above asking price, over 457 sold below and more than 186 were sold right at the asked price. The number of homes for sale in Philadelphia, PA increased by 3.5% between December and January 2025. Listings spent 52 days on the market in January 2025, and had a median list price of $266,945 during the same period.
From Rocket Homes Real Estate and based on county public records data.