37 N Preston St, Philadelphia, PA 19104
Local realty services provided by:Better Homes and Gardens Real Estate Reserve
37 N Preston St,Philadelphia, PA 19104
$699,000
- 6 Beds
- - Baths
- 3,544 sq. ft.
- Multi-family
- Pending
Listed by: eric land
Office: kw empower
MLS#:PAPH2619238
Source:BRIGHTMLS
Price summary
- Price:$699,000
- Price per sq. ft.:$197.23
About this home
37 N Preston St is a turnkey, cash-flowing legal triplex located in one of Philadelphia’s fastest-growing rental corridors. Grossing approximately $5,000 per month, this fully occupied multi-family investment offers the perfect blend of strong in-place income, long-term appreciation potential, and true passive cash flow. Featuring three separately metered units, this income-producing asset is ideal for both seasoned investors and owner-occupants looking to house hack while building wealth.
Positioned in the heart of West Philadelphia near University City, Drexel University, UPenn, major hospitals, public transportation, and Center City access, this high-demand location continues to attract quality tenants year after year. Investors will appreciate the legal triplex zoning, strong rental performance, low vacancy potential, and scalable upside in an area experiencing continued redevelopment and rising property values.
The property offers spacious unit layouts, excellent tenant appeal, and a compelling cap rate opportunity in a market where true turnkey multi-family assets are becoming increasingly scarce. Whether you’re looking to expand your portfolio, execute a buy-and-hold strategy, or secure a high-yield asset in a rapidly appreciating neighborhood, 37 N Preston St checks every box. Opportunities like this do not come around often — stable cash flow, prime location, and serious upside potential all in one package....
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Home facts
- Year built:2007
- Listing ID #:PAPH2619238
- Added:51 day(s) ago
- Updated:June 28, 2026 at 03:55 PM
Rooms and interior
- Bedrooms:6
- Basement:Yes
- Basement Description:Fully Finished
- Living area:3,544 sq. ft.
Heating and cooling
- Cooling:Central A/C
- Heating:Forced Air, Natural Gas
Structure and exterior
- Year built:2007
- Building area:3,544 sq. ft.
- Lot area:0.04 Acres
- Architectural Style:Traditional
- Construction Materials:Masonry
- Foundation Description:Stone
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$699,000
- Price per sq. ft.:$197.23
- Tax amount:$10,498 (2025)
Parking
- Parking description:On Street
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