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Listed by Ariel Morgenstein • JG Real Estate LLC
$ 1,199,995
Est. payment /mo
Price Dropped by $75K
223 S 45TH ST Philadelphia, PA 19104
2,033 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PAPH2620030
Year Built 1935
Available Date 2026-05-15
Annual Tax Amount $5,053
Tax Year 2026
Lot Size 2,033 Sqft
Acres 0.05
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
223 S. 45th Street offers investors the opportunity to acquire a well-located asset in Philadelphia's highly desirable University City submarket. Situated in the Spruce Hill neighborhood, the property benefits from immediate proximity to the University of Pennsylvania and Drexel University, driving consistent rental demand from students, faculty, and young professionals. Fully occupied with 5-units including (1) studio/1 bathroom, (2) 1 bedroom/1 bathroom; (1) 2 bedroom/2 bathroom); and (1) 3 bedroom/3 bathroom. Investment highlights include: University City location with durable rental demand; Walkable to parks, retail, and dining amenities; Strong transit connectivity to Center City and major employment hubs; and Stable cash flow and long-term appreciation in one of Philadelphia's most resilient rental markets.
Location
State PA
County Philadelphia
Area 19143 (19143)
Zoning CMX2
Interior
Hot Water Electric
Heating Forced Air, Heat Pump(s)
Cooling Central A/C
Inclusions All appliances in as-is condition
Heat Source Electric
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 871127150
Ownership Fee Simple
Special Listing Condition Standard
