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$1,495,000

  • For Sale
  • Active
  • Single Family
  • 4,625 Sq. Ft.
  • Updated 8 days ago
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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.

Full Property Details for 517 S 42nd St

General

  • Price: $1,495,000
  • Taxes: $10,156 (2025)
  • Status: Active
  • Type: Single Family
  • Source: BrightMLSPhilly
  • MLS ID: PAPH2582910
  • Updated: 2/11/2026
  • Added to Site: 8 day(s) ago

Parking

  • Total Spaces: 3
  • Parking Features: Surface
  • Parking Type: Driveway

Location

  • Area: 19104 (19104)
  • Municipality: PHILADELPHIA
  • County: PHILADELPHIA
  • Subdivision: SPRUCE HILL
  • Driving Directions: Market Street through University City, then turn left onto South 42nd Street.

School Information

  • School District: The School District Of Philadelphia

Heating & Cooling

  • Central air: Yes
  • Cooling Type: Central A/C
  • Cooling Fuel: Electric
  • Heating Type: Forced Air, Heat Pump - Electric BackUp
  • Heating Fuel: Electric
  • Water Heater: Electric

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Architectural Style: Other
  • Structure Type: Twin/Semi-Detached
  • Construction: Masonry
  • Foundation: Stone
  • Square Feet: 4,625
  • Sq. Ft. Source: Assessor
  • Living Area: 4,625 Sq. Ft.
  • Finished Above Grnd: 4,625 Sq. Ft.
  • Year Built: 1870
  • Year Built Source: Assessor

Unit Information

  • Other Units: Unit 1, Unit 2, Unit 4, Unit 5, Unit 3, Unit 6

Lot Features

  • Lot Size (Acres): 0.09
  • Lot Size (Sq. Ft.): 3,975
  • Lot Size Source: Assessor
  • Lot Dimensions: 25.00 x 159.00
  • Zoning: RTA1

Financial Considerations

  • Price Per Sq. Ft.: $323.24
  • Assessment Year: 2025
  • School Tax: $5,687
  • City/TownTax: $4,468
  • City/TownTax Freq: Annually
  • County Tax Freq: Annually
  • Tax w/Assessment: $725,565
  • Tax Amount: $10,156
  • Tax Year: 2025
  • Tax Total Finished Sq. Ft.: 4625

Disclosures and Reports

  • Ownership: Fee Simple
  • Lot Number: 32

Listed by KW Empower, Steven Onesti

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Listing agent

— 517 S 42nd St —

  • Steven Onesti

    KW Empower

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 517 S 42nd St

School District:Philadelphia City School District
NameGradesDistance
Penn Alexander School
4209 Spruce Street, Philadelphia, PA 19104
K-80.3 mi
West Philadelphia High School
4901 Chestnut Street, Philadelphia, PA 19139
9-121 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 517 S 42nd St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/11/2026
Listed
$1,495,000
99.33%
MLS
3/12/2018
Sold
$750,000
—
Public Record
Get Price Alerts and Save Property
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 for 517 S 42nd St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$10,156
—
$1,091,500
—
2024
$10,156
—
$1,091,500
100%
2023
$10,156
1%
100%
2021
$10,009
-1%
-100%
2023
$10,156
-25%
$725,565
-25%
2020
$13,539
35%
$967,200
35%
2019
$10,009
36%
$715,000
36%
2018
$7,353
19%
$525,300
19%
2017
$6,169
—
$440,700
—
2016
$6,169
4%
$440,700
—
2015
$5,905
—
$440,700
—
2014
$5,905
10%
$440,700
705%
2013
$5,347
—
$54,720
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Listed by KW Empower, Steven Onesti

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517 S 42nd Street, Philadelphia, PA 19104 (MLS# PAPH2582910) is a Single Family property with 0 bedrooms and 0 full bathrooms. 517 S 42nd Street is currently listed for $1,495,000 and was received on February 11, 2026. Want to learn more about 517 S 42nd Street? Do you have questions about finding other Single Family real estate for sale in Philadelphia? You can browse all Philadelphia real estate or contact a Coldwell Banker agent to request more information.

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