2-8 S 46th Street

University City is a mid-sized apartment sub-market known for its steady growth and consistent outperforming trends compared to Center City. This stability is largely driven by strong demand from the academic and healthcare sectors, which shield the sub-market from broader economic fluctuations. The combined off-campus student population at the University of Pennsylvania and Drexel University exceeds 28,000, providing a reliable foundation for apartment leasing in the area. In recent years, the life sciences sector has emerged as a major driver of housing demand in University City. Prestigious research institutions and companies like Penn Medicine and CHOP attract highly skilled workers who seek convenient, high-quality housing options near world-class facilities. Major developments such as Schuylkill Yards, UCity Square, and Penn Medicine’s new headquarters have further bolstered this demand. The availability of state-of-the-art office and lab spaces has also drawn established firms like Spark Therapeutics and B+ Labs, creating a dynamic professional community alongside the student population.MPN Realty is pleased to present the exclusive sale of 2-8 S 46th St., a 13-unit apartment building located at the highly trafficted corner of S 46th St. and Market St. in University City. The property presents a fantastic investment opportunity with (13) 2 bedroom/ 1 bath units, all of which are self-contained. The property does present a value-add opportunity, as with some upgrades / improvements, there is potential to increase rents. The seller has owned the property for over 15 years, and has had stellar rental history throughout their ownership. The property is very well located in University City, making this an ideal location for students from UPenn and Drexel.