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Doug Strickland

doug@residentialguru.com +1(610) 724-3801

Listed by Reda Akbil • Compass Pennsylvania, LLC

$1,599,000

Est. payment - /mo

1,647 Sqft Lot

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Key Details

Property Type Commercial

Sub Type Other

Listing Status Coming Soon

Purchase Type For Sale

MLS Listing ID PAPH2649222

Year Built 2022

Available Date 2026-08-07

Annual Tax Amount $2,239

Tax Year 2025

Lot Size 1,647 Sqft

Acres 0.04

Lot Dimensions 18.00 x 92.00

Property Sub-Type Other

Source BRIGHT

Property Description

Welcome to Lotus at 4037 Powelton Avenue, an architecturally distinctive four-unit multifamily investment opportunity in the heart of University City. Built in 2022 and benefiting from approximately 7 years remaining on Philadelphia's FULL tax abatement, this turnkey asset offers exceptional design, immediate cash flow, and low-maintenance ownership in one of Philadelphia's strongest rental markets. For added convenience, ownership can help future management, making for a truly seamless investment.

The property features four spacious 3-bedroom, 2-bathroom residences, Never been vacant, all fully leased for another year and generating $11,132 per month in rental income. Each residence showcases premium finishes, including quartz countertops, contemporary cabinetry, stainless steel appliances, spa-inspired bathrooms, central HVAC, in-unit washer and dryer, smart entry, intercom system, customizable lighting, and designer finishes throughout.

If you're looking for a completely turnkey investment with low operating expenses, minimal maintenance, and a property that essentially runs itself, this is the one. Whether you're completing a 1031 exchange or expanding your portfolio, Lotus offers modern construction, approximately seven years of remaining tax abatement, strong in-place income, transferable property management, and outstanding long-term appreciation potential in one of Philadelphia's premier investment corridors.

Ideally located just minutes from The University of Pennsylvania, Drexel University, CHOP, HUP, and Penn Presbyterian Medical Center, the property benefits from consistent demand driven by graduate students, medical professionals, researchers, and young professionals. Residents also enjoy convenient access to Lancaster Avenue, local Parks, public transportation, and Center City.

Location

State PA

County Philadelphia

Area 19104 (19104)

Zoning RM1

Interior

Hot Water Electric

Cooling Central A/C

Heat Source Natural Gas

Exterior

Water Access N

Roof Type Flat

Accessibility 36\"+ wide Halls

Garage N

Building

Sewer Public Sewer

Water Public

New Construction Y

Schools

School District Philadelphia City

Others

Tax ID 061019400

Ownership Fee Simple

Security Features Intercom,Exterior Cameras,Carbon Monoxide Detector(s),Security System,Smoke Detector

Special Listing Condition Standard

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Doug Strickland

+1(610) 724-3801

Agent | License ID: RS275319

Agent License ID: RS275319

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4037 POWELTON AVE Philadelphia, PA 19104

Doug Strickland

Key Details

Location

Interior

Exterior

Building

Schools

Others

Nearby School & Business

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