2331–33 N 33rd Street | Newly Constructed

6-Unit Multifamily Across from Fairmount Park

Investment Overview
Trophy Commercial Real Estate is pleased to present 2331–33 N 33rd Street — a newly constructed, fully stabilized six-unit multifamily building directly facing Fairmount Park. Completed in 2024 and fully leased by early 2025, the property offers investors a low-maintenance, cash-flowing asset featuring brand-new building systems, high-end finishes, and a strong in-place income stream.

Positioned in the fast-developing Strawberry Mansion / Brewerytown corridor, the property benefits from both green space and urban connectivity, just minutes from Ridge Avenue retail, Kelly Drive, and Center City. The building qualifies for Philadelphia’s 10-Year Step-Down Tax Abatement, with 9 years remaining.

Each unit offers condo-grade interiors and efficient 2- and 3-bedroom layouts, including two top-floor residences with private roof decks. With a total of 6,915 SF and offered at just $225,000 per unit (or $196/SF), this deal is priced significantly below today’s estimated replacement cost.

Investment Summary:

• Asking Price: $1,355,000

• Units: 6

• Zoning: RM1

• Building Size: ±6,915 SF

• Lot Size: ±3,123 SF

• Price/Unit: $225,000

• Price/SF: $196.38

Highlights:

• Delivered fully leased with $10,270/month in scheduled rent

• New 2024 construction with condo-grade finishes and private roof decks on top-floor units

• In-place CAP Rate of 7.25% with 9 years remaining on the 10-Year Step-Down Tax Abatement

• Significant value-add potential through ~$300/unit rent upside

• Fairmount Park-facing location with access to Ridge Ave retail, Kelly Drive, and Center City