643 N PRESTON ST, Philadelphia, PA 19104
643 N PRESTON ST, Philadelphia, PA 19104
643 N PRESTON ST, Philadelphia, PA 19104
643 N PRESTON ST, Philadelphia, PA 19104
643 N PRESTON ST, Philadelphia, PA 19104
643 N PRESTON ST, Philadelphia, PA 19104
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Joseph & Danielle Dedekind
Listed by Eric Feinberg • Keller Williams Realty Group
$ 250,000
Est. payment | /mo

2,580 SqFt


Save
$ 250,000
Est. payment | /mo
Save

2,580 SqFt

Key Details

Property Type Multi-Family, Townhouse

Sub Type Interior Row/Townhouse

Listing Status Active

Purchase Type For Sale

Square Footage 2,580 sqft

Price per Sqft $96

Subdivision University City

MLS Listing ID PAPH2621198

Style Traditional

Abv Grd Liv Area 2,580

Year Built 1925

Annual Tax Amount $1,979

Tax Year 2025

Lot Size 1,386 Sqft

Acres 0.03

Lot Dimensions 18.00 x 77.00

Property Sub-Type Interior Row/Townhouse

Source BRIGHT

Property Description

Located in the heart of Philadelphia's booming University City neighborhood, this is an exceptional opportunity for investors, developers, and builders to capitalize on one of the city's fastest-growing areas. Positioned along the highly visible Lancaster Avenue commercial corridor, the property offers incredible potential for redevelopment and long-term appreciation. There are so many new constructions on the block; come and be the next developer. The work has been made easy for you.

The building has already been framed for a three-unit layout, featuring spacious two-bedroom units on the second and third floors. The first floor was previously approved for restaurant use, though buyers should verify the current status of any permits with the city.

Surrounded by strong rental demand driven by students from Drexel University and the University of Pennsylvania, as well as young professionals, this location is primed for continued growth. The ongoing expansion of Schuylkill Yards is expected to further transform the area and increase property values for years to come.

Whether you're looking to develop 3 apartments or create a mixed-use investment property, this property presents endless possibilities in a rapidly appreciating market.

No power in the building. So, please bring a flashlight with you. Don't miss this rare investment opportunity — submit your offer today!

Location

State PA

County Philadelphia

Area 19104 (19104)

Zoning RM1

Rooms

Basement Interior Access, Walkout Stairs

Interior

Interior Features Other

Hot Water None

Heating None

Cooling None

Flooring Rough-In

Fireplace N

Heat Source None

Exterior

Exterior Feature Patio(s)

Water Access N

View Street

Accessibility None

Porch Patio(s)

Garage N

Building

Lot Description Rear Yard

Foundation Concrete Perimeter

Above Ground Finished SqFt 2580

Sewer Public Sewer

Water Public

Architectural Style Traditional

Additional Building Above Grade, Below Grade

Structure Type High

New Construction N

Schools

School District Philadelphia City

Others

Tax ID 871067200

Ownership Fee Simple

SqFt Source 2580

Acceptable Financing Cash, Conventional, Negotiable

Listing Terms Cash, Conventional, Negotiable

Financing Cash,Conventional,Negotiable

Special Listing Condition Standard

Bright MLS (BMLS)

Schools and Properties Nearby

Joseph & Danielle Dedekind

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643 N PRESTON ST