It happened in the 1200 block of Spruce Street around 5:30 a.m. Sunday.
"I woke up at like 8 a.m. saying we have zero power, zero water and we're just trying to wake up get ready and it's just like, 'oh okay wow,'" recalled Sarah Williams.
A spokesperson for the Philadelphia Water Department said emergency crews responded to a reported leak in the street and shut down a 12-inch water main.
Brian Rademaekers, a spokesperson for the Philadelphia Water Department, says approximately 45 properties were without water, including the University of the Arts students who live in the dorms on Spruce Street.
"It was a little creepy being in the hallways when there was no lights," said Emerson Howard.
As of Sunday night, power and water services have been restored.
Residents in the area are asked to report any damage to the water department.
Motorists should avoid the intersection at this time.