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416 N 31st St
For Sale $600,000 ($444.44 per Sq Ft)
$600,000 ($444.44 per Sq Ft)
- 6 Bedrooms
- 2 Bathrooms
- 1,350 Sq Ft
- 1,672 Sq Ft
Description
Income-producing student rental opportunity in the heart of Powelton Village near Drexel University. 416 N 31st Street is a 6-bedroom, 2-bath property fully leased through August 31, 2026 at $4,600 per month, offering stable rental income in a highly desirable university neighborhood. The home offers a practical layout designed for student housing with large bedrooms, shared living areas, a full kitchen, and two full bathrooms. Its close proximity to Drexel University, the University of Pennsylvania, public transportation, and neighborhood amenities ensures strong and consistent rental demand. The property has experienced 100% occupancy with no meaningful vacancy history, making it a reliable investment opportunity. With low operating expenses, low property taxes, and low insurance costs, this property offers investors strong cash-flow potential in one of Philadelphia’s most established student rental markets.
Current Lease: $4,600/month through 8/31/2026. Annual Gross Rent: $55,200. Offered at $600,000
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $600,000 |
| Property Type | Single Family Homes |
| Usable Sqft | 1,350 |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 1920 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 241207500 |
| MLS # | PAPH2595382 |
| Property ID | 322681992 |
| Lot Sqft | 1,672 |
| Zoning | RM1 |
| Days on Market | 49 |
| Original List Price | Unknown |
| Date Updated | March 18, 2026 |
| Date Created | March 17, 2026 |
Listing Provided By
Frank L DeFazio an agent of . Lic #RS299840
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Data last updated: May 05, 2026.
Robert Crawford
REAL ESTATE AGENT