734 S 20TH ST Philadelphia, PA 19146
1,028 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Subdivision Graduate Hospital
MLS Listing ID PAPH2530652
Year Built 1900
Annual Tax Amount $6,747
Tax Year 2025
Lot Size 1,028 Sqft
Acres 0.02
Lot Dimensions 17.00 x 61.00
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
Available for the first time in over 30 years, this exceptional five-unit corner property is located at 20th and Clymer Streets in the highly desirable Graduate Hospital neighborhood of Center City Philadelphia.
Each apartment has separately metered utilities (except hot and cold water). The building currently generates over $69,000 in gross annual income and over $50,000 in net annual income, with a cap rate of 6.32%. Current rents are below market, and the property's true value-add lies in its existing five-unit rental license and premier corner location, which provide a new owner with the ability, by right, to demolish the current structure and replace it with a four-story condominium building.
Additional property features include vinyl double-pane insulated windows, gas boilers in four of the five apartments, and a coin-operated washer and dryer. Half of the roof was replaced approximately two years ago, and the entire exterior has been freshly painted. All units are equipped with air conditioning. Many units have been updated with engineered wood flooring.
The apartments are compact—ranging from approximately 325 to 475 sq. ft. each—and are designed for single occupancy, resulting in less wear and tear on the building.
Graduate Hospital is celebrated for its vibrant community, outstanding walkability, and proximity to premier restaurants, shops, parks, and major institutions.
Property Highlights:
• Prime corner lot with excellent visibility
• Five apartments, each with separate utilities (except hot and cold water)
• Strong and steady rental income in a high-demand neighborhood
• Significant value in the existing five-unit rental license and development potential
• Walk Score: 97 — Walker's Paradise
• Transit Score: 100 — Rider's Paradise
• Bike Score: 85 — Very Bikeable (approximate, based on neighborhood)
Located just steps from all that Center City has to offer—including Rittenhouse Square and the University of Pennsylvania—this is a rare investment opportunity in one of Philadelphia's most walkable and transit-accessible neighborhoods.
Location
State PA
County Philadelphia
Area 19146 (19146)
Zoning RM1
Interior
Hot Water Natural Gas
Heating Radiator, Forced Air
Cooling Wall Unit
Flooring Engineered Wood, Wood, Carpet
Heat Source Natural Gas
Exterior
Water Access N
Roof Type Asphalt
Accessibility None
Garage N
Building
Foundation Stone
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 881578100
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
