Philadelphia Homes under $500,000

Philadelphia Homes under $500,000

Welcome to Philadelphia, the City of Brotherly Love, where history meets modern living in a vibrant urban landscape. Nestled in the heart of Pennsylvania, Philadelphia is not only known for its rich heritage and iconic landmarks, such as the Liberty Bell and Independence Hall, but also for its diverse neighborhoods that offer a unique blend of culture, cuisine, and community spirit.

For those seeking affordable housing in this dynamic city, you’ll be delighted to discover a variety of charming homes available for under $500,000. Whether you’re a first-time homebuyer, a growing family, or looking to invest, Philadelphia presents an array of options that cater to different lifestyles and preferences. From historic row homes in the bustling neighborhoods of Fishtown and Northern Liberties to contemporary condos in the heart of Center City, there’s something for everyone.

Imagine living just a stone’s throw away from world-class museums, delightful eateries, and lively parks. With a strong sense of community and a commitment to preserving its historical roots, Philadelphia offers a welcoming environment for residents of all ages. Plus, with convenient public transportation and a thriving job market, commuting and accessibility are a breeze.

Explore the charm of Philadelphia today, where your dream home awaits at an affordable price. Embrace the opportunity to live in a city that combines tradition with innovation, making every day an adventure in this incredible metropolis. Don’t miss out on the chance to be part of this vibrant community!

Newest Philadelphia Homes under $500,000

2823 S Marshall St, Philadelphia
$299,900
3 Beds ⋅ 1 Baths
Welcome to this beautifully updated home in Sunny South Philly!Conveninetly located near the park, spotcomplex, this home offers both comfort and convenience The property features brand-new waterproof laminate flooring throughout, a newly renovated kitchen with granite countertops, Then interior has been freshly painted and includes new interior door for a clean, modern look Enjoy a bright, open living space with plenty of room for comfortable living and entertaining. The convenient location provides easy access to parks, public transportation, shopping, restaurants and everything South Philadelphia has to offer

2823 S Marshall St, Philadelphia

Listing courtesy of Triamond Realty. Contact:

7405 Lapwing Pl, Philadelphia
$350,000
Large duplex located in Penrose Section near Lindberg Blvd. This home features central air, separate utilities for each unit. Each property has 2 large bedrooms and 1 bathroom. The property has a finished basement with a half-bathroom. The home possesses an extra large 2 car garage, with ample storage space.. This is an Estate property. There is a first floor tenant who wants to stay in the property. paying $900 per month. This home is a rare find, This property has an extra-large rear yard waiting for your family gathering. This home is close to the airport.

7405 Lapwing Pl, Philadelphia

Listing courtesy of Realty Mark Cityscape-King of Prussia. Contact:

5316 Turner St, Philadelphia
$85,000
2 Beds ⋅ 1 Baths
Wynnefield Investment Opportunity! This 2-bedroom, 1-bath single-family home is a great option for an investor looking to add another rental to their portfolio or make some updates and add value. The home offers a covered front porch, spacious living area, separate kitchen and dining space, plenty of natural light, good-sized bedrooms and closets, and radiator heat. The property was previously rented for $1,350/month in its current condition, and the major systems are currently working and in good condition. There’s plenty of opportunity to make some cosmetic updates and increase the home’s potential over time. Conveniently located near public transportation, shopping, parks, and major routes throughout West Philadelphia. Buyer to verify property information, zoning, rental potential, condition, and intended use.

5316 Turner St, Philadelphia

Listing courtesy of Real of Pennsylvania. Contact:

2222 S 66th St, Philadelphia
$120,000
3 Beds ⋅ 1 Baths
Welcome to 2222 S 66th Street! This 3 bedroom, 1 bath Philadelphia rowhome offers plenty of potential and a great opportunity for a buyer looking to make a home their own or an investor ready for their next project. As you enter, you’re greeted by a unique vintage solid-wood front door featuring decorative wrought-iron hardware and a charming speakeasy-style viewing window, adding character you simply don’t find in newer homes. The home features a spacious living room and dining area with original hardwood floors and plenty of natural light. The kitchen offers a functional layout with ample cabinet and counter space, while all three bedrooms provide comfortable living space and hardwood flooring. A full bathroom completes the second floor. While the home is in need of some updating, it has great bones and tons of potential to be transformed with the right vision. One of the biggest bonuses is the rear garage and private driveway, providing valuable off-street parking. Whether you’re looking to renovate and make it your own, add to your rental portfolio, or take on your next investment project, this property offers a solid and simple starting point. The soil stack is brand new. Conveniently located near shopping, public transportation, schools, and major roadways. Schedule your showing and come see the possibilities!

2222 S 66th St, Philadelphia

Listing courtesy of Keller Williams Real Estate-Langhorne. Contact:

7435 Germantown Ave, Philadelphia
$389,900
4 Beds ⋅ 2 Baths
Classic 1925 stone construction with timeless character and charm! Welcome to 7435 Germantown Avenue, a stately 4-bedroom, 2-full-bath rowhome awaiting its next chapter. Set back from the road, the home welcomes you with a charming front porch—the perfect spot to relax on the porch swing and enjoy views of the lovely open space across the way. Parking is convenient, with street parking along Germantown Avenue as well as two off-street parking spaces accessed from the rear alley. Step inside and you'll immediately appreciate the home's original hardwood flooring and wonderful period details. The living room is anchored by a handsome Chestnut Hill schist stone fireplace flanked by custom built-in shelving, creating a warm and inviting focal point. The living space flows naturally into the dining room and then to the galley-style kitchen, where a custom-patterned Italian ceramic tile floor adds a distinctive touch. The refrigerator and dishwasher were replaced in 2023. Just beyond the kitchen, step outside onto the rear deck overlooking a deep, lush, and fenced backyard—a wonderful outdoor extension of the home. At the rear of the property, you'll also find the two off-street parking spaces with alley access. Back inside, continue to the second floor, where you'll find a full bathroom featuring original white subway tile and a tub/shower combination. This level includes a generously sized bedroom as well as the spacious primary bedroom, which was originally configured as two separate rooms and offers an impressive amount of space. One more flight brings you to the third floor, featuring two additional bedrooms and a second full bathroom complete with a classic clawfoot tub. The full basement provides laundry facilities and plenty of additional storage. Important updates include upgraded 200-amp electrical service in 2024 and a new water heater in 2022. There's a potential for another powder room in the basement. With its classic stone construction, original architectural details, flexible living space, deep fenced yard and off-street parking, 7435 Germantown Avenue offers a wonderful opportunity to bring new life to a home filled with character. The owners prefer to sell the property in as-is condition. Walking distance to both Chestnut Hill train lines (R7 and R8) and all the charming shopping and dining in Chestnut Hill and West Mt Airy! Or take a stroll on the nearby Cresheim Trail! Come take a look, imagine the possibilities and envision the next chapter for this distinctive stone home!

7435 Germantown Ave, Philadelphia

Listing courtesy of Dan Helwig Inc. Contact:

718 Addison St Unit F, Philadelphia
$395,000
2 Beds ⋅ 1 Baths
Walk through a charming brick archway and a wrought iron gate off quiet Addison Street, down the brick walkway, and you're home. This 2-bed townhome sits at the end of a gated courtyard, giving you a little extra privacy (along with a touch of Isaiah Zagar whimsy), with the best of the city right outside your door. Hardwood runs through all three floors. The first floor has a cozy living room with a decorative brick fireplace and an updated kitchen with white shaker cabinets, gas range with hood, and a dishwasher. Upstairs you'll find an updated bath, 2nd floor bedroom with walk-in closet, and a large 3rd floor bedroom with decorative fireplace, large closet, and a sunny addition. This nook with heated tile floors is a prime spot for an inspiring home office, reading corner, plant room, or art studio. The practical stuff is covered too: Central air, dry basement with washer & dryer, organized storage throughout, and no HOA. A quiet block, a secure courtyard, a place for everything, right in the middle of all of the things you love about city life…for under $400K! Sounds pretty perfect, right? Come see it for yourself: it is!

718 Addison St Unit F, Philadelphia

Listing courtesy of Compass Pennsylvania, LLC. Contact:

7736 Gilbert St, Philadelphia
$295,000
Welcome to 7736 Gilbert Street—an exceptional brick duplex in the heart of Mt Airy! This well-maintained two-unit property offers endless potential for investors or owner-occupants. Each apartment features a spacious 1 bedroom, 1 bath layout with large living areas, bright eat-in kitchens, and separate utilities. Enjoy a private two-car garage plus driveway parking—rare for the city! The solid brick exterior, front lawn, and quiet residential setting create timeless appeal. Conveniently located near shopping, Route 309, public transit, and local schools. Whether you live in one unit and rent the other or hold as a high-performing investment, this is a versatile and value-rich opportunity in a desirable Philadelphia neighborhood. Don’t miss it—schedule your showing today! The property is being sold "AS-IS". Seller will not make any repairs.

7736 Gilbert St, Philadelphia

Listing courtesy of Homestarr Realty. Contact:

151 N Hobart St, Philadelphia
$120,000
3 Beds ⋅ 1 Baths
Welcome to 151 N Hobart Street, a three-bedroom, one-bath rowhome offering a traditional Philadelphia layout and plenty of potential for its next owner. The main level features a comfortable living room, separate dining area, and kitchen, while the second floor includes three bedrooms and a full hall bathroom. An unfinished basement provides additional storage space and access to the home's mechanical systems. Conveniently located in West Philadelphia, the property offers easy access to neighborhood shopping, public transportation, major roadways, schools, and other everyday amenities. On-street parking is available throughout the surrounding area. With its functional three-bedroom floor plan and traditional design, this property presents an opportunity for an owner-occupant looking to personalize a home or an investor seeking an addition to their portfolio. Schedule your showing and explore the possibilities this property has to offer.

151 N Hobart St, Philadelphia

Listing courtesy of Elfant Wissahickon-Mt Airy. Contact:

227 Lindley Ave, Philadelphia
$249,000
3 Beds ⋅ 3 Baths
Welcome to this spacious and renovated 3-bedroom, 1.5-bath home with 3 GARAGES, move-in ready and offering features that are hard to find in the city. The main level features laminate flooring throughout and a brand-new kitchen complete with stainless steel appliances and plenty of functional space. Upstairs, you’ll find three spacious bedrooms and an updated full bathroom. The lean and dry basement provides additional storage and features a convenient half bath. What truly sets this property apart is the exterior space — enjoy your own private huge driveway, backyard, and an incredible 3-car garage! This setup is ideal for a contractor, tradesperson, car enthusiast, small business owner, or anyone needing extra parking, workspace, or storage. The property also offers excellent potential for accessible entry modifications. A truly unique combination of a renovated home, private parking, outdoor space, and an oversized garage — schedule your showing today!

227 Lindley Ave, Philadelphia

Listing courtesy of ROI National Realty Corp. Contact:

1462 N 56th St, Philadelphia
$95,000
3 Beds ⋅ 1 Baths
Bring your vision to 1462 N 56th St! This property is ready for a full renovation and offers a great opportunity for an investor looking to take on their next project. With a new lower asking price, there is plenty of room to renovate and reposition the property as a flip or rental. The home is conveniently located near Girard Ave and Lansdowne Ave with access to public transportation, shopping, schools, and other neighborhood amenities. Property is being sold strictly as-is and will require a full clean-out and renovation. Seller will not be removing the remaining contents or delivering the property broom-swept. Buyer should account for clean-out and renovation costs when submitting an offer. Schedule your showing and see the potential for yourself!

1462 N 56th St, Philadelphia

Listing courtesy of Realty ONE Group Focus. Contact:

129 W Nippon St, Philadelphia
$475,000
5 Beds ⋅ 2 Baths
This spacious twin situated on a quiet tree lined street in West Mt Airy awaits your personal touch. A covered front porch greets you as you approach the home. Crossing the threshold, you enter a large living room with exposed beams above and a wood burning fireplace with a Wissahickon Schist facade that matches the porch columns and the property's exterior. Beyond is the dining room and adjacent kitchen that leads to an enclosed back porch that is perfect for outdoor meals or a spot for reading and relaxing. The second floor has four bedrooms and a full bath and the third level has an additional bedroom and bonus storage space. There is a full basement with a seperate laundry and utility area along with an additional bathroom. Behind the home is the largest yard on the block, as an additional parcel was added to the property. The location can't be beat. Just down the street is the High Point Cafe at the Allens Lane Train Station, where you can grab a coffee and breakfast before an easy ride to Center City or 30th Street Station. Two blocks in the other direction is Germantown Avenue with many shops and restaurants. You can also walk from the home into the Cresheim Valley of Fairmount Park and enjoy hiking paths that lead to the beautiful Wissahickon Valley. Don't miss a chance to own a home on one of the most desirable streets in West Mount Airy. Make an appointment to see it today (Bright is having a photo glitch. Click on first photo to see them all)

129 W Nippon St, Philadelphia

Listing courtesy of RE/MAX Services. Contact:

5733 N 20th St, Philadelphia
$269,900
3 Beds ⋅ 2 Baths
Welcome to this beautifully updated home conveniently located near La Salle University! This move-in-ready property features 3 bedrooms and 2 full bathrooms, plus a brand-new open-concept kitchen with a center island, modern finishes, and plenty of space for cooking and entertaining. The dining room leads directly to a deck, creating a seamless flow for indoor and outdoor gatherings. The finished basement provides additional living space, perfect for a family room, home office, recreation area, or extra storage. With thoughtful updates throughout and a convenient location, this charming home is move-in ready for its new owner to enjoy!

5733 N 20th St, Philadelphia

Listing courtesy of Canaan Realty Services INC. Contact:

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