About This Home

This 0-bedroom, 0-bathroom multi-family at 516 N PRESTON Street in Philadelphia, PA is listed for $675,000 ($181 per sqft). Built in 2009, the home offers 3,732 sqft of living space on a 0.04 acres lot.

Key Features

  • Built in 2009
  • 0.04 acre lot

Property Details

2009

Amenities

A/C
Listing Description

Fantastic Investment or Owner-Occupant Opportunity! Don't miss this well-maintained triplex in the thriving West Powelton neighborhood, offering a combination of existing rental income and flexibility for an owner-occupant or investor. The property features three units with a total of eight bedrooms.

The spacious bi-level four-bedroom, two-bath unit includes a kitchen, two living areas, and a private patio. The second and third floors each feature an updated two-bedroom, one-bath apartment. One of the three units is currently vacant, providing an excellent opportunity for an owner-occupant to live in one unit while generating rental income from

the other two, or for an investor to lease all three units and maximize the property's income potential. Each apartment features hardwood and ceramic tile flooring, modern kitchens with gas stoves, in-unit washers and dryers, and individual heating and central air conditioning.

Recent improvements include newer HVAC systems in Units A, B, and C, vinyl siding, a new water service line, a new dishwasher in Unit A, and a new range and microwave in Unit C. Ideally located in West Powelton, the property is just minutes from the University City Science Center, Drexel University, and the University of Pennsylvania, as well as numerous dining, coffee, and entertainment options.

Multiple SEPTA transportation options provide convenient access throughout the city, while Center City is less than ten minutes away by car or bicycle. Whether you're looking for an income-producing investment, an owner-occupied property with rental income to offset your housing costs, or an opportunity to lease all three units, this versatile triplex offers an attractive combination of location, functionality, and upside potential.

Monthly Cost Estimate

$3,610/mo

20% down · 6.5% · 30 years

Principal$488
Interest$2,925
Insurance$197

Estimates only. Actual payments may vary.

Location

516 N PRESTON Street

Philadelphia, PA 19104

POWELTON VILLAGE

Property Details

Construction

Brick Front Vinyl Siding

Parking

On Street

Heating

Forced Air

Cooling

Central Air

Questions & Answers

This 0-bedroom, 0-bathroom multi-family at 516 N PRESTON Street is listed at $675,000 ($181/sqft). The estimated monthly payment is $3,610 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 2009, 0.04 acre lot.

This property is listed by Jordan B Wiener.

JW

Jordan B Wiener

License RS229414

Agent at Compass

Listed by Compass · Broker phone: 6108223356 · View on Broker Site · Broker website

MLS# PAPH2675564· Source: Bright MLS· 27 days on PropertySimple

Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

516 N PRESTON Street, Philadelphia, PA 19104

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