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Property Description
37 N Preston St is a turnkey, cash-flowing legal triplex located in one of Philadelphia's fastest-growing rental corridors. Grossing approximately $5,000 per month, this fully occupied multi-family investment offers the perfect blend of strong in-place income, long-term appreciation potential, and true passive cash flow. Featuring three separately metered units, this income-producing asset is ideal for both seasoned investors and owner-occupants looking to house hack while building wealth. Positioned in the heart of West Philadelphia near University City, Drexel University, UPenn, major hospitals, public transportation, and Center City access, this high-demand location continues to attract quality tenants year after year. Investors will appreciate the legal triplex zoning, strong rental performance, low vacancy potential, and scalable upside in an area experiencing continued redevelopment and rising property values. The property offers spacious unit layouts, excellent tenant appeal, and a compelling cap rate opportunity in a market where true turnkey multi-family assets are becoming increasingly scarce. Whether you're looking to expand your portfolio, execute a buy-and-hold strategy, or secure a high-yield asset in a rapidly appreciating neighborhood, 37 N Preston St checks every box. Opportunities like this do not come around often - stable cash flow, prime location, and serious upside potential all in one package.
Full Property Details
Full Property Details for 37 N Preston St
General
- Price: $699,000
- Taxes: $10,498 (2025)
- Status: Active
- Type: Townhouse
- Source: BrightMLSPhilly
- MLS ID: PAPH2619238
- Updated: 5/8/2026
- Added to Site: 5 day(s) ago
Rental Information
- Lease Info: Yearly
Parking
- Parking Type: On Street
Location
- Area: 19104 (19104)
- Municipality: PHILADELPHIA
- County: PHILADELPHIA
- Driving Directions: GPS
School Information
- School District: Philadelphia City
Heating & Cooling
- Central air: Yes
- Cooling Type: Central A/C
- Cooling Fuel: Electric
- Heating Type: Forced Air
- Heating Fuel: Natural Gas
- Water Heater: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Architectural Style: Traditional
- Structure Type: Interior Row/Townhouse
- Construction: Masonry
- Basement: Yes
- Basement Desc.: Fully Finished
- Foundation: Stone
- Stories/Levels: 3
- Square Feet: 3,544
- Sq. Ft. Source: Assessor
- Living Area: 3,544 Sq. Ft.
- Finished Above Grnd: 3,544 Sq. Ft.
- Year Built: 2007
- Year Built Source: Assessor
Unit Information
- Other Units: Unit 1, Unit 2, Unit 3
Lot Features
- Lot Size (Acres): 0.04
- Lot Size (Sq. Ft.): 1,600
- Lot Size Source: Assessor
- Lot Dimensions: 16.00 x 100.00
- Zoning: RSA5
Financial Considerations
- Price Per Sq. Ft.: $197.23
- Assessment Year: 2026
- School Tax: $5,879
- City/TownTax: $4,619
- City/TownTax Freq: Annually
- County Tax Freq: Annually
- Tax w/Assessment: $750,000
- Tax Amount: $10,498
- Tax Year: 2025
- Tax Total Finished Sq. Ft.: 3544
Disclosures and Reports
- Ownership: Fee Simple
- Lot Number: 65
Listed by KW Empower, Eric Land
Get Pre-Approved Today
Schools
Schools serving 37 N Preston St
School District:Philadelphia City School District
| Name | Grades | Distance |
|---|---|---|
Locke Alain School 4550 Haverford Avenue, Philadelphia, PA 19139 | K-8 | 0.5 mi |
West Philadelphia High School 4901 Chestnut Street, Philadelphia, PA 19139 | 9-12 | 0.8 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 37 N Preston St
Date
Details
Price
Change
Source
5/08/2026
Listed
$699,000
29.44%
MLS
12/13/2017
Sold
$540,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 37 N Preston St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$10,498
-39%
$750,000
-39%
2024
$17,132
98%
$1,223,900
100%
2021
$8,658
-26%
-100%
2023
$11,764
36%
$840,400
36%
2020
$8,658
64%
$618,500
64%
2019
$5,290
—
$377,900
—
2018
$5,290
602%
$377,900
—
2017
$754
349%
$377,900
—
2016
$168
-97%
$377,900
—
2015
$5,064
—
$377,900
—
2014
$5,064
1518%
$377,900
1868%
2013
$313
—
$19,200
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 37 N Preston St
37 N Preston Street, Philadelphia, PA 19104 (MLS# PAPH2619238) is a Townhouse property with 0 bedrooms and 0 full bathrooms. 37 N Preston Street is currently listed for $699,000 and was received on May 08, 2026. Want to learn more about 37 N Preston Street? Do you have questions about finding other Townhouse real estate for sale in Center City East? You can browse all Center City East real estate or contact a Coldwell Banker agent to request more information.

