322 N 42nd St, Philadelphia, PA 19104

Property Description

Move in Ready Home with Endless Potential in University City! Rare opportunity for investors, students, faculty, or first time home buyers. 322 N 42nd St is a thoughtfully updated 3 bedroom, 2.5 bath home offering versatile living in University City. With a 16 ft wide layout, 2 outdoor spaces, and a brand new roof (2025) this home blends modern updates and functional living spaces, offering comfort, convenience, and strong rental potential. Inside, the open concept living area features soaring ceilings, abundant natural light, a fireplace, and a striking exposed brick accent wall. Pour yourself a glass of wine from the wine fridge and step outside to a large private fenced patio, perfect for outdoor dining, grilling, or simply relaxing. The chef-inspired kitchen impresses with quartz countertops, soft-close cabinetry, stainless steel appliances, a wine fridge, and a 6 ft island ideal for gatherings. A powder room and dedicated laundry complete the first floor. Upstairs, the primary suite offers a tray ceiling and ensuite bath, while 2 additional bedrooms provide flexible space for guests, home offices, or shared living, complemented by a hall bath. The full basement features all new recent electric, plumbing, and HVAC systems. This home qualifies for the Drexel Home Purchase Assistance Program ($15,000 forgivable loan) and the UPenn Closing Cost Reduction Program, making it especially appealing to university staff. With a proven rental history, including successful student tenancy, this home adds an extra layer of investment appeal. Ideally located near Drexel University, University of Pennsylvania, CHOP, major medical centers, and with easy access to I-76 and the Market-Frankford Line, this home puts the city at your doorstep. Don’t miss this rare University City opportunity with endless possibilities!