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517 S 42nd Street presents an exceptional opportunity to acquire a fully renovated six-unit multifamily property in the heart of University City. Each spacious unit offers 2 bedrooms and 2 full bathrooms"”an ideal layout for students, medical and young professionals seeking modern living near Philadelphia's premier institutions. The property underwent a comprehensive renovation in 2020, including a newly constructed rear expansion, contemporary finishes, efficient floor plans, and strong rental appeal throughout. Ideally located just steps from University of Pennsylvania, Drexel University, Children's Hospital of Philadelphia, Saint Joseph's University City Campus, Hospital of the University of Pennsylvania, and University of the Sciences, the location provides consistent tenant demand and long-term appreciation potential. Additional highlights include rare on-site parking, a tax abatement in place, and an attractive cap rate exceeding 7%, making this a stabilized, turnkey investment opportunity in one of Philadelphia's strongest and most desirable rental submarkets.
| DAYS ON MARKET | 1 | LAST UPDATED | 2/11/2026 |
|---|---|---|---|
| TRACT | SPRUCE HILL | YEAR BUILT | 1870 |
| COMMUNITY | 19104 (19104) | COUNTY | PHILADELPHIA |
| STATUS | Active | PROPERTY TYPE(S) | Commercial |
| School District | THE SCHOOL DISTRICT OF PHILADELPHIA |
|---|
| ADDITIONAL DETAILS | |
| AIR | Central Air, Electric |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Electric Water Heater |
| AREA | 19104 (19104) |
| HEAT | Electric, Forced Air, Heat Pump |
| LOT | 3920 sq ft |
| LOT DIMENSIONS | 25.00 x 159.00 |
| PARKING | Driveway |
| SEWER | Public Sewer |
| SUBDIVISION | SPRUCE HILL |
| TAXES | 10156 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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