Under contract

643 N PRESTON St, Philadelphia, PA 19104

Sqft
2,580

View property features, location on map, relevant school information and overview from seller's agent.

Listed byKeller Williams Realty Group
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Overview

Located in the heart of Philadelphia’s booming University City neighborhood, this is an exceptional opportunity for investors, developers, and builders to capitalize on one of the city’s fastest-growing areas. Positioned along the highly visible Lancaster Avenue commercial corridor, the property offers incredible potential for redevelopment and long-term appreciation. There are so many new constructions on the block; come and be the next developer. The work has been made easy for you.

The building has already been framed for a three-unit layout, featuring spacious two-bedroom units on the second and third floors. The first floor was previously approved for restaurant use, though buyers should verify the current status of any permits with the city.

Surrounded by strong rental demand driven by students from Drexel University and the University of Pennsylvania, as well as young professionals, this location is primed for continued growth. The ongoing expansion of Schuylkill Yards is expected to further transform the area and increase property values for years to come.

Whether you’re looking to develop 3 apartments or create a mixed-use investment property, this property presents endless possibilities in a rapidly appreciating market.

No power in the building. So, please bring a flashlight with you. Don’t miss this rare investment opportunity — submit your offer today!

Location

Full feature list

Basic info

Property type
Multi-family
Square feet
2,580
Lot size (acres)
0.03
Year built
1925

Interior features

Basement
Yes

Exterior features

Horse amenities
Stable

Utilities

Heating
None
Cooling
None
Sewer
Public Sewer
Water
Public Water

Taxes

Tax Annual Amount (2025)
$1,979

Public schools

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Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.

Sourced from: Bright MLS MLS®#: PAPH2621198 Last checked:

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