University City Homes under $900,000

FULLY LEASED TURNKEY TRIPLEX WITH HIGH CAP RATE & TAX ABATEMENT An exceptional opportunity to acquire a fully occupied, high-yielding multi-family property situated in a premier Philadelphia rental corridor, mere steps from Drexel University and the University of Pennsylvania. Boasting immediate cash flow, an advantageous tax abatement, and an ideal location near Penn Presbyterian Hospital, this asset delivers everything investors seek: strong yield, superior condition, and sustained appreciation potential. PROPERTY & UNIT HIGHLIGHTS This modern triplex offers three luxury, condo-grade apartments designed with open layouts, elevated finishes, rustic flooring, and modern kitchens with stainless steel appliances. Unit 1: 3 Bedrooms / 3 Bathrooms with a private rear patio. Unit 2: 2 Bedrooms / 2 Bathrooms. Unit 3: 2 Bedrooms / 2 Bathrooms with exclusive access to a private rooftop deck. INVESTOR-FRIENDLY UTILITIES & OPERATION Each residence is equipped with individual HVAC and water heating systems, in-unit laundry, en-suite bathrooms, and separate meters for gas and electricity. This independent utility setup minimizes operational overhead and simplifies management. LOCATION & DEMAND Located within walking distance of higher education institutions, medical centers, public transit, and the dining, retail, and nightlife along Lancaster Avenue, this property maintains strong tenant demand among students, faculty, and healthcare professionals. Fully tenanted with a 2-year history of reliability, this turnkey investment provides immediate income, tax benefits, and long-term stability.

3861 Fairmount Ave, Philadelphia

Listing courtesy of RE/MAX Preferred - Cherry Hill. Contact:

$360,000

6 Beds ⋅ 2 Baths

Six Bedrooms. Historic Character. Endless Potential. Offering 1% Interest Rate Buydown for the 1st year at ZERO cost to the homebuyer when using the homeowner's preferred lender! Ask for details and see how this incentive can make owning this exceptional University City property even more attractive. Welcome to 4938 Chestnut Street, a stately 16-foot-wide row home where timeless Philadelphia character meets thoughtful updates and incredible potential. Offering approximately 2,300 square feet, 6 bedrooms, and 2 full baths, this expansive home is available to rent or purchase. As you enter, you are greeted by a spacious, light-filled mudroom adorned with beautiful decorative stained-glass windows. Thoughtfully versatile, this charming space can serve as a sophisticated entryway, a welcoming plant room, or a cozy reading nook. Step through the original vestibule and into the main level, where charming architectural details and timeless character unfold throughout the home. The main level features an oversized living room centered around a striking fireplace framed by custom millwork, serving as the room’s undeniable centerpiece and showcasing the home’s timeless character. Original moldings, stained glass windows, distinctive staircases, and new wood-look vinyl flooring create an elegant blend of historic charm and modern comfort. A gracious, separate dining room offers the perfect setting for everything from intimate dinners to lively gatherings with family and friends. The kitchen flows toward the rear of the home, opening to a spacious backyard, a rare and valuable amenity in the city. Upstairs, the second floor offers 3 generously sized bedrooms, a full bath, and additional original character, including a beautiful fireplace in the spacious front primary bedroom. The third floor adds 3 additional bedrooms and another full bath, creating an exceptionally flexible layout for a large household, roommates, guests, home offices, or future rental and multifamily possibilities. And then there is the location. Situated in the heart of University City, this home is just two blocks from the train, providing convenient access toward Center City and 30th Street Station. With universities, hospitals, restaurants, neighborhood amenities, and transportation all nearby, the location offers both convenience and long term appeal. The property is also zoned RM-1, offering potential for a multifamily conversion for investors or owner-occupants, subject to applicable zoning requirements and approvals. Whether you’re looking for a spacious primary residence, a property with rental potential, or an opportunity to bring your vision to one of University City’s most character-filled homes, 4938 Chestnut Street offers space, flexibility, character, and possibility all at an exciting price point. Schedule your showing today!

4938 Chestnut St, Philadelphia

Listing courtesy of Elfant Wissahickon Realtors. Contact:

$349,900

Bring your vision to 44 S 44th Street, a substantial renovation opportunity in Philadelphia’s desirable Spruce Hill/University City area. This multi-level property offers impressive scale, abundant natural light, projecting bays and a striking contemporary façade, with significant construction already underway and the interior opened to the framing, allowing the next owner to complete and customize the project. Located just blocks from the Market-Frankford Line and convenient to the University of Pennsylvania, Drexel University, major medical and employment centers, Clark Park, Baltimore Avenue, restaurants, cafés and neighborhood amenities, the property combines strong accessibility with the character of one of West Philadelphia’s most established neighborhoods. An exciting opportunity for an investor, developer or experienced owner to take an ambitious project across the finish line and realize its full potential. Property is offered in its current condition; buyer to independently verify zoning, permitted use, permits, approvals and requirements for completion and occupancy.

44 S 44th St, Philadelphia

Listing courtesy of Vylla Home. Contact:

$659,000

4 Beds ⋅ 3 Baths

In the Cedar Park neighborhood of West Philly's University City, this legally zoned & licensed 3-story twin duplex was an ideal home for owner-occupants - till job changes sent them elsewhere. There’s a bilevel first & second floor unit with a sweet old-fashioned living room (which could be used as a BR), open middle room, full bath, big eat-in dining/kitchen area on the 1st floor - plus 2 bedrooms, an open office/family room space, and a bath on the 2nd floor. The third floor flat is a 2 bedroom unit (including a finished attic loft space) with a private entrance. And if a new owner wants more space later on, the third floor can easily be reconnected to the lower floors. The original details West Philly residents love are all here - pocket doors, mantles, natural woodwork & hardwood flooring - combined with a recent kitchen in the owners unit, where the first floor has an open floor plan, and recent baths. The rear yard is huge, plus the location is just a few blocks from West Philly’s famous Clark Park. Baltimore Ave with its eclectic mix of shops and small restaurants is close by and the T3 trolley route is 2 blocks north on Chester Ave, arriving in center city in 15 minutes after stopping at UPenn, Drexel U and the 30th St transportation hub along the way. The apartments are currently rented at $2120 and $1480/month. Tenants pay for separate heat, hot water & electric. The leases expire June 30, 2027 & July 31, 2027.

4730 Kingsessing Ave, Philadelphia

Listing courtesy of Compass Pennsylvania, LLC. Contact:

$659,000

In the Cedar Park neighborhood of West Philly's University City, this legally zoned & licensed 3-story twin duplex was an ideal home for owner-occupants - till job changes sent them elsewhere. There’s a bilevel first & second floor unit with a sweet old-fashioned living room (which could be used as a BR), open middle room, full bath, big eat-in dining/kitchen area on the 1st floor - plus 2 bedrooms, an open office/family room space, and a bath on the 2nd floor. The third floor flat is a 2 bedroom unit (including a finished attic loft space) with a private entrance. And if a new owner wants more space later on, the third floor can easily be reconnected to the lower floors. The original details West Philly residents love are all here - pocket doors, mantles, natural woodwork & hardwood flooring - combined with a recent kitchen in the owners unit, where the first floor has an open floor plan, and recent baths. The rear yard is huge, plus the location is just a few blocks from West Philly’s famous Clark Park. Baltimore Ave with its eclectic mix of shops and small restaurants is close by and the T3 trolley route is 2 blocks north on Chester Ave, arriving in center city in 15 minutes after stopping at UPenn, Drexel U and the 30th St transportation hub along the way. The apartments are currently rented at $2120 and $1480/month. Tenants pay for separate heat, hot water & electric. The leases expire June 30, 2027 & July 31, 2027.

4730 Kingsessing Ave, Philadelphia

Listing courtesy of Compass Pennsylvania, LLC. Contact:

$789,999

Investor opportunity in Philadelphia! This three unit multifamily property offers immediate income potential with all three units currently occupied. Two units are rented at $1600 per month and the third at $1400 per month, generating $4600 in monthly rental income. Tenants pay their own utilities. great opportunity to add a fully occupied income- producing property to your portfolio. Schedule your showing today!

4818 Sansom, Philadelphia

Listing courtesy of Weichert Realtors. Contact:

$525,000

REHABBED MIXED USE BUILDING IN A UNIVERSITY CITY . This legally zoned commercial building features an office space/ business space on the first floor, and two apartments upstairs. This building was completely redone, taken down to the studs, and revamped and reimagined. On the first floor, you find a commercial space with a wheelchair ramp already ready. There is also a garage space that is being currently used as additional storage. The storage space is perfect for someone that has their own business that needs it to be walkable, and there's plenty of on-site parking. The location is amazing and close to college campuses and Lancaster Avenue. Both units in the building, as well as the office, are quite large, with large bedrooms and large office spaces. The office also features a finished basement, great for additional storage. Currently, the building is bringing in $4020 without the commercial space. This will be great for an investor or someone who wants to house-hack. There is plenty of pedestrian traffic - great for a business. The transportation is close by as well. Shopping, groceries stores are within walking distance and the property is less than a 10-minute drive to Center City. Tenants pay all utilities . The property qualifies for Penn's closing cost assistance program.

743 N 44th St, Philadelphia

Listing courtesy of Legal Real Estate LLC. Contact:

$400,000

Excellent investment opportunity available now! Sale price of $800,000 includes both 3834 and 3836 Lancaster Avenue. Both buildings must be sold together. Each building consists of a retail store on the first floor plus a bi-level, 3-bedroom, 2-bathroom apartment above. The first-floor retail space occupies the first floor of both buildings. All utilities are separate. All three units are fully leased. Total monthly rent roll is $5,550, or $66,600 per year. This mix-use property is exceptionally well located on bustling Lancaster Avenue in University City, just minutes from Drexel University, UPENN, Penn Presbyterian Medical Center, and more. Schedule your tour today!

3836 Lancaster Ave, Philadelphia

Listing courtesy of New Age Realty Group Inc. Contact:

$400,000

Excellent investment opportunity available now! Sale price of $800,000 includes both 3834 and 3836 Lancaster Avenue. Both buildings must be sold together. Each building consists of a retail store on the first floor plus a bi-level, 3-bedroom, 2-bathroom apartment above. The first-floor retail space occupies the first floor of both buildings. All utilities are separate. All three units are fully leased. Total monthly rent roll is $5,550, or $66,600 per year. This mix-use property is exceptionally well located on bustling Lancaster Avenue in University City, just minutes from Drexel University, UPENN, Penn Presbyterian Medical Center, and more. Schedule your tour today!

3834 Lancaster Ave, Philadelphia

Listing courtesy of New Age Realty Group Inc. Contact:

$789,999

5 Beds ⋅ 3 Baths

Investor opportunity in Philadelphia! This three unit multifamily property offers immediate income potential with all three units currently occupied. Two units are rented at $1600 per month and the third at $1400 per month, generating $4600 in monthly rental income. Tenants pay their own utilities. great opportunity to add a fully occupied income- producing property to your portfolio. Schedule your showing today!

4818 Sansom, Philadelphia

Listing courtesy of Weichert Realtors. Contact:

$525,000

Welcome to 4032 Powelton Ave, ideally located in the heart of University City! This multifamily property offers an excellent opportunity for both homeowners and investors. The upper unit features a bi-level layout with a private roof deck, providing additional living space and outdoor enjoyment. With multiple units, you can live in one unit while renting the other, making this a great opportunity to offset your mortgage while building equity. Enjoy convenient access to University City’s universities, restaurants, shops, public transportation, and major amenities. Don’t miss this opportunity to own a versatile property in a highly desirable location—schedule your showing today!

4032 Powelton Ave, Philadelphia

Listing courtesy of KW Empower. Contact:

$450,000

9 Beds ⋅ 5 Baths

Come get two connected parcels at 4913 and 4915 Pentridge. The framing is pretty much complete and the HVAC, plumbing, and electric roughs are started. It is fitted out to have 9 total bedrooms and 5 bathrooms. Bring your ideas and make this part of your portfolio. Parcel's can be purchased separately for 225,000 each. Total annual tax for both parcels is 10,128.

4913 Pentridge St, Philadelphia

Listing courtesy of Tesla Realty Group, LLC. Contact:

University City Homes under $900,000

Newest University City Homes under $900,000