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6 Beds
2 Baths
1,350 sqft

$600,000

416 N 31ST STREET, PHILADELPHIA PA, 19104

Price per sqft$444.44
Built in1920
Property size1,350 sqft
Property typeResidential

Overview

Active

Active-bright

Listed Mar 18, 2026

Updated 7 days ago

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

$3,992/mo

Est. mortgage payment based on a $600,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
PAPH2595382

Interior Features

Bedrooms
6
Bathrooms
2
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.04 Acres

Other Property Details

Taxes
$6,916
Tax Frequency
Annually
55+/Senior Community
No
MLS provider logo

Listed by BHHS Fox & Roach-Center City Walnut
Listing Contact: 6106364364 

The IDX display contains information sourced from the Bright MLS, Inc. as of 10/1/2026. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

©2026 Bright MLS, Inc. all rights reserved.

Data last updated on 10/1/2026 at 11:28 PM UTC

 

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