About 645 N Preston St
Location, Location, Location: Investor Special in Powelton Village / University City – Full Rehab Opportunity, Gutted out shell ready for rehab. Exceptional value-add opportunity in the highly sought-after Powelton Village neighborhood, located in the heart of University City. This spacious property (approx. 2,100+ sq ft) has been fully gutted and is ready for a complete renovation—offering a blank canvas for investors, developers, or owner-occupants looking to customize from the ground up.
This property is just steps from Drexel University and minutes to the University of Pennsylvania, CHOP,
and Penn Medicine. The location provides strong, consistent rental demand from students, faculty, and
medical professionals, making it ideal for a flip, rental hold, or potential multi-unit conversion to triplex (
quad needs to be verified by zoning and use).
Conveniently located near Lancaster Avenue’s retail and dining corridor, public transportation including
SEPTA trolley lines, and with easy access to 30th Street Station and Center City Philadelphia. The
neighborhood continues to see steady appreciation, with renovated comparable properties. *owner financing may be available for the experienced investors*
