Philadelphia, PA 19121 1947 N 33Rd Street
$1,375,000
17 more
Presented By: Select Commercial Advisors
Beds • 14
Home Details
1947 N 33rd Street: A turnkey, fully-stabilized, new construction multifamily asset with a 7.5% cap rate in North Philadelphia West across from Fairmount Park, featuring 5 spacious residential units - all two or three bedrooms each (average 1,380 SF per unit!) - on a desirable, scenic park-front stretch of North 33rd Street. Acquire this high-quality, low-maintenance, new-build (2020 vintage) with a little over 5 years remaining on a full 10-year property tax abatement. Delivered 100% leased, the property offers both steady cash flow and strong appreciation potential driven by the rapidly-developing North Philadelphia submarket. As new construction activity in Philadelphia declines, demand is expected to outpace supply, driving further rental growth in 2025, presenting a unique opportunity for investors to acquire a high-quality, income-producing asset with significant long-term upside.
Presented By: Select Commercial Advisors
Interior Features for 1947 N 33Rd Street
Bedrooms
Three Bedroom Units Count4
Other Interior Features
LivingAreaSourceAssessor
Central Air Y/NYes
Fireplace Y/NNo
Heating FuelElectric
Heating Y/NYes
Hot WaterElectric
General for 1947 N 33Rd Street
AccessibilityNone
Architectural StyleContemporary
Cap Rate7.50
CityPHILADELPHIA
Construction Completed Y/NNo
Construction MaterialsBrick
Cool FuelElectric
CoolingCentral A/C
CountyPHILADELPHIA
DirectionsGoogle Maps
Garage Y/NNo
HeatingForced Air
Lot Size Square Feet2160.00
Lot Size UnitsSquare Feet
MLS Area19121 (19121)
ModificationTimestamp2025-06-03T12:53:55
MunicipalityPHILADELPHIA
New ConstructionYes
Number Of Units Total4
Number of Units Leased5
One Bedroom Units Count
Other StructuresAbove Grade, Below Grade
OwnershipFee Simple
PossessionImmediate
Price Per Sq Ft Total AG162.4
Property ConditionExcellent
Property SubtypeOther
Property TypeMulti-Family
School DistrictPHILADELPHIA CITY
SewerPublic Sewer
Single Room Units Count0
Standard StatusActive
StatusACTIVE
Structure TypeEnd of Row/Townhouse
Tax Annual Amount1275.0
Tax Assessed Value91100.0
Tax Lot53
Tax Year2024
Total SQFT8467
Two Bedroom1
Vacation Rental Y/NNo
Water Access Y/NNo
Year Built2020
Year Built SourceAssessor
ZoningRM1
Exterior for 1947 N 33Rd Street
Foundation DetailsConcrete Perimeter
Land Assessed Value91100.00
Land Use CodeSR
Lot Dimensions24.00 x 90.00
Lot Size Acres0.05
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Navigable Water Y/NNo
PoolNo Pool
Type of ParkingOn Street
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo
WaterfrontY/NNo
Additional Details
Price History
Aleksandar Tomic
Real Estate Professional