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For Sale

Listing description

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

Facts & features

Interior

Bedrooms
6
Bathrooms
2 full
Living area
1,350 sq ft
Heating
Other
Cooling
Other

Property & construction

Property type
Residential · Twin/Semi-Detached
Architectural style
Other, A-Frame
Year built
1920

Lot & parking

Lot size
0.04 acres (1,672 sq ft)

Financial

Price / sq ft
$444
HOA dues
None

Listing details

MLS #
PAPH2595382
County
Philadelphia County
School district
Philadelphia City
Days on NookLocal
157 days

Interior features

Basement
Full
Levels
3
Accessibility
None

Exterior & construction

Construction
Masonry
Foundation
Other

Systems & utilities

Heating fuel
Electric
Cooling fuel
Electric
Hot water
Other
Water source
Public
Sewer
Public Sewer

Parking

Parking
Off Street

Community

Subdivision
POWELTON VILLAGE

Lot & zoning

Lot dimensions
21.00 x 80.00
Zoning
RM1

Included in the sale

Possession
Immediate

Price history

DateEventPrice
Mar 18, 2026Listed for sale$600,000

Price changes are tracked from when NookLocal first indexed this listing; earlier history may not appear. Tax & assessment details are in the section below.

Estimated taxes

Recorded property taxes: $6,916 (2025 bill as recorded in the MLS).

Estimated monthly payment calculator

$120,000 (20%)
6.43%

Loan term

Estimated monthly payment

$3,763/mo

Principal & interest
$3,012
Property taxes
$576
Home insurance (est.)
$175

Taxes use the amount recorded on the MLS. The default rate is the average 30-year rate as of July 2026; insurance is estimated at 0.35% of the price per year. Below 20% down, lenders usually add mortgage insurance, which this estimate doesn't include. Estimate only; verify before relying on it.

Area statistics

School district

Philadelphia City

2025 PA state assessments (PSSA / Keystone) and graduation data. The index measures student outcomes, not school effectiveness, and is not adjusted for demographics. Districts serve all residents; verify enrollment boundaries with the district.

Safety data

Philadelphia County crime & safety numbers →

County figures from FBI and Pennsylvania source data.

Property taxes

Philadelphia County taxes, explained →

Millage, the Common Level Ratio, and what changes after you buy.

© BRIGHT, All Rights Reserved

Information Deemed Reliable But Not Guaranteed

The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which United Real Estate Strive 212 participates, and is provided by BRIGHT through a licensing agreement.

IDX listings are displayed pursuant to broker of record United Real Estate Strive 212, Frank Ramos, Broker/Owner, PA Broker License RM424345, 1220 Broadcasting Rd, Suite 201, Wyomissing, PA 19610, (610) 372-0212.

The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale.

Data last updated: August 22, 2026 at 2:13 PM EDT

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