Change Real Estate Presents:

416 N 31st Street
Philadelphia PA 19104

For Sale: $600,000.00 Active

List Date: 2026-03-18

Philadelphia
6 bedrooms
2 bathrooms
1,350 build ft2
1,672 land ft2

About This Property

Income-producing student rental opportunity in the heart of Powelton Village near Drexel University. 416 N 31st Street is a 6-bedroom, 2-bath property fully leased through August 31, 2026 at $4,600 per month, offering stable rental income in a highly desirable university neighborhood. The home offers a practical layout designed for student housing with large bedrooms, shared living areas, a full kitchen, and two full bathrooms. Its close proximity to Drexel University, the University of Pennsylvania, public transportation, and neighborhood amenities ensures strong and consistent rental demand. The property has experienced 100% occupancy with no meaningful vacancy history, making it a reliable investment opportunity. With low operating expenses, low property taxes, and low insurance costs, this property offers investors strong cash-flow potential in one of Philadelphia’s most established student rental markets. Current Lease: $4,600/month through 8/31/2026. Annual Gross Rent: $55,200. Offered at $600,000

Listing Agent: Frank L DeFazio. BHHS Fox & Roach-Center City Walnut 610-636-4364 frank@centercityteam.com

Property Features

Location Information
County:
Subdivision: POWELTON VILLAGE
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Interior Features
Appliances:
Interior:
Laundry:
Furnished: None
Flooring:
Water: Public
Cooling: Other
Heating: Other
Fireplaces: None
Windows:
Utilities:
Sewer: Public Sewer
Exterior Features
Year Built: 1920
Subdivision Name: Powelton Village
Schools
Elementary School: None
Junior High School: None
High School: None

IDXListing Courtesy of Frank L DeFazio. BHHS Fox & Roach-Center City Walnut 610-636-4364 frank@centercityteam.com

Property Photos [Click to enlarge]

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