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Turnkey Student Housing Investment Near Drexel University An exceptional opportunity to acquire a fully renovated, cash-flowing student housing property in the heart of Drexel University. This turnkey investment consists of four fully leased apartments, each featuring 3 spacious bedrooms and 1 full bathroom, for a total of 12 bedrooms and 4 bathrooms. Every unit has been thoughtfully renovated with modern finishes, including hardwood flooring, stainless steel appliances, central heating and air conditioning, in-unit washers and dryers, and built-in microwaves. The oversized bedrooms and functional layouts make the property highly desirable among Drexel students, contributing to consistent occupancy and strong rental demand. The property is 100% leased for the 2026&2027 Drexel academic year, providing immediate, stable cash flow from day one. Investment Highlights: Four renovated 3-bedroom, 1-bath apartments Total of 12 bedrooms and 4 full bathrooms Fully leased for the 2026&2027 Drexel school year Monthly rental income: $7,700 Additional water reimbursement income: $275/month Total gross monthly income: $7,975 Modern renovations throughout all units Central heating and air conditioning In-unit washers and dryers Hardwood floors and stainless steel appliances Strong rental history in a high-demand student housing market Located just minutes from Drexel University, the University of Pennsylvania, public transportation, hospitals, restaurants, and Center City Philadelphia, this property offers an outstanding combination of reliable income, strong tenant demand, and long-term appreciation potential. Whether you're expanding an existing portfolio or acquiring your first student housing asset, this fully stabilized property presents an outstanding investment opportunity with immediate cash flow and minimal management concerns.

Source: BRIGHT MLS, MLS#: PAPH2642862

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  • Property Type
    Residential Income
  • Lot
    0.04 acres

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Owning this Home

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at 516 N 34TH STREET


Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
6/30/2026Source: BRIGHT MLS Added to Database
June 30, 2026
12/3/2024Source: BRIGHT MLS Price Reduction
$1,225,000 -2.0%
12/3/2024Source: BRIGHT MLS Status Change
CLOSED
12/3/2024Source: BRIGHT MLS Added to Database
January 10, 2024
Listing provided courtesy of RE/MAX Plus- MLS# PAPH2642862MLS ProviderContact Information: [email protected] - 2154223711