Trophy Commercial Real Estate is pleased to present 521 N 34th Street, an 11-unit multifamily investment opportunity located in the heart of Philadelphia's University City neighborhood.

Constructed in 2018, the property consists of 17,100 rentable square feet and features a highly desirable unit mix of eight bi-level three-bedroom, three-bathroom units, one two-bedroom, two-and-a-half-bathroom unit, and two one-bedroom, one-and-a-half-bathroom units. The asset is currently 100% occupied and generates approximately $266,636 in annual Net Operating Income.

Located within walking distance of Drexel University, the University of Pennsylvania, Penn Medicine, and numerous major employers, the property benefits from one of Philadelphia's strongest and most resilient rental markets. With modern construction, oversized floor plans averaging 1,555 square feet, and minimal anticipated capital expenditures, 521 N 34th Street offers investors a turnkey opportunity with durable cash flow and long-term appreciation potential.

Investment Highlights:


• Average Unit Size of 1,555 SF

• Majority Three-Bedroom, Three-Bathroom Bi-Level Units

• 100% Occupied

• In-Place NOI: $266,636

• 7.26% Going-In Cap Rate

• 17,100 Rentable Square Feet

• Built in 2018

• Walking Distance to Drexel University and the University of Pennsylvania

• Minimal Deferred Maintenance Anticipated

Price: $3,675,000

Price/Unit: $334,091

Price/SF: $214.91

In-Place Cap Rate: 7.26%

Year 1 Cap Rate: 7.51%