416 N 31st St, Philadelphia, PA, 19104
About This Home
Income-producing student rental opportunity in the heart of Powelton Village near Drexel University. 416 N 31st Street is a 6-bedroom, 2-bath property fully leased through August 31, 2026 at $4,600 per month, offering stable rental income in a highly desirable university neighborhood. The home offers a practical layout designed for student housing with large bedrooms, shared living areas, a full kitchen, and two full bathrooms. Its close proximity to Drexel University, the University of Pennsylvania, public transportation, and neighborhood amenities ensures strong and consistent rental demand. The property has experienced 100% occupancy with no meaningful vacancy history, making it a reliable investment opportunity. With low operating expenses, low property taxes, and low insurance costs, this property offers investors strong cash-flow potential in one of Philadelphia’s most established student rental markets. Current Lease: $4,600/month through 8/31/2026. Annual Gross Rent: $55,200. Offered at $600,000
Getting Around
Very Walkable
Good Transit
Biker's ParadiseSchools
Construction
Condition
- Year built: 1920
Materials
- Foundation: Other
- Construction materials: Masonry
Type & Style
- Home type: SingleFamily
- Architectural style: Other,A-Frame
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Water Heater
Basement
- Area: 0
Basement
- Has basement: Yes
- Basement: Full
Bedrooms & Bathrooms
- Bedrooms: 6
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 2
- Main level bedrooms: 6
Features
- Finished area below ground: 0
- Finished area above ground: 1,350
Heating & Cooling
- Heating features: Other,Electric
- Cooling features: Other,Electric
Interior Area
- Total structure area: 1,350
- Total interior livable area: 1,350 sqft
Property
Accessibility
- Accessibility features: None
Details
- Parcel number: 241207500
- Attached to another structure: Yes
- Zoning: RM1
- Special condition: Standard
Features
- Levels: Three
- Stories: 3
- Pool features: None
Lot
- Lot size: 1,672 sqft
- Lot size dimensions: 21.00 x 80.00
Parking
- Parking features: Off Street
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Heat Wave
- Cold Wave
- Winter Weather
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across Pennsylvania Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $3,033 | $36,396 |
| Home Insurance * | $780 | $9,360 |
| Property Taxes | $699 | $8,388 |
| Electricity | $224 | $2,692 |
| Total | $4,736 | $56,832 |
Income You'd Need if You Spent...
Pennsylvania FAIR Plan Programs
Insurance Placement Facility of Pennsylvania/FAIR Plan
Wildfire
Hail
WindHow Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-03-18 | Listed for sale | $600,000 |
| 2026-03-17 | Price change | $4,495 |
| 2026-03-04 | Price change | $4,895 |
| 2026-02-04 | Listed for rent | $4,950 |
| 2023-07-05 | Listing removed | -- |
| 2023-06-14 | Price change | $3,900 |
| 2023-05-19 | Price change | $4,200 |
| 2023-04-23 | Listed for rent | $4,600 |
| 2016-10-11 | Sold | $442,500 |
| 2005-05-11 | Sold | $359,900 |
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