Philadelphia (Northwest) Homes under $400,000

Philadelphia (Northwest) Homes under $400,000

Welcome to Northwest Philadelphia, a vibrant and diverse community that offers a unique blend of urban living and suburban charm. Nestled in the heart of Philadelphia County, this area is known for its rich history, lush parks, and a strong sense of community. With its tree-lined streets and a variety of architectural styles, Northwest Philadelphia is a delightful place to call home.

One of the most appealing aspects of Northwest Philadelphia is its affordability. Here, you can find a range of beautiful homes priced under $400,000, making it an ideal choice for first-time homebuyers, families, and anyone looking to invest in a thriving neighborhood. These homes often feature classic designs and modern amenities, ensuring that you can enjoy both comfort and style. From cozy bungalows to spacious townhouses, there’s something for everyone in this welcoming community.

Living in Northwest Philadelphia means you’ll have access to an array of parks and recreational spaces, perfect for outdoor enthusiasts. The area boasts several green spaces, including the expansive Fairmount Park, where you can enjoy walking, biking, or simply relaxing in nature. The local schools are well-regarded, and the community is known for its friendly atmosphere, making it a great place for families to grow.

With convenient public transportation options and a variety of shops, restaurants, and cultural attractions nearby, Northwest Philadelphia truly offers the best of both worlds. Whether you’re looking to buy your first home or seeking a new place to settle down, this charming neighborhood has everything you need to create a fulfilling lifestyle. Come explore the possibilities in Northwest Philadelphia today!

Newest Philadelphia (Northwest) Homes under $400,000

5522 Race St, Philadelphia
$185,000
2 Beds ⋅ 2 Baths
Welcome to 5522 Race Street, Philadelphia! Discover modern luxury and quality craftsmanship in this beautifully renovated 2-bedroom, 2-bathroom home, thoughtfully updated from top to bottom. This move-in-ready property features a brand-new roof, new electrical and plumbing systems, and all-new doors, offering a fresh, modern living experience with attention to detail throughout. Step inside to find stylish luxury vinyl flooring throughout and a stunning contemporary kitchen featuring brand-new appliances and elegant quartz countertops, creating the perfect blend of sophistication and functionality. The second floor offers two comfortable bedrooms with closets and a beautifully designed, spa-inspired bathroom that provides a relaxing retreat at the end of the day. The finished basement adds valuable additional living space, complete with a full bathroom and an HVAC system for year-round comfort. Whether you envision a family room, home office, entertainment area, or flexible recreational space, the possibilities are endless Outside, enjoy a fenced backyard ideal for summer barbecues, gardening, entertaining guests, or simply unwinding in your own private outdoor space. With extensive renovations, modern finishes, and thoughtful upgrades throughout, this home is an excellent opportunity for first-time homebuyers, those looking to upgrade their lifestyle, or anyone seeking a stylish, move-in-ready property. Don't miss the opportunity to make this beautifully renovated home your own!

5522 Race St, Philadelphia

Listing courtesy of RE/MAX Preferred - Malvern. Contact:

1826 W Norris St, Philadelphia
$399,000
Prime high-cash-flow duplex investment opportunity near Temple University in one of Philadelphia’s strongest student rental corridors. Located at 1826 W Norris St, this newer-construction (2014) duplex features two oversized bi-level apartments, each offering 4 bedrooms and 2 full bathrooms with approximately 1,500 sq ft per unit—a highly sought-after layout for Temple student and group rentals. Each unit features hardwood floors, central air and heat, in-unit washer and dryer, and abundant natural sunlight throughout. The property has been professionally maintained by a full-service property management company, offering investors confidence in the condition, operations, and tenant management history. Separate utilities further enhance efficiency and help maximize net income. The property currently generates nearly $40,000 in annual income with immediate in-place cash flow from day one. A major value-add opportunity arrives in July when Unit B becomes vacant, creating the perfect opportunity for an investor to quickly reposition the unit and capture higher market rents, significantly increasing revenue and improving overall returns. With continued strength in Temple-area rental demand, this vacancy provides a near-term catalyst for income growth without waiting for long lease rollover timelines. For owner-occupants, the upcoming vacancy also presents a rare opportunity to live in one unit while benefiting from strong rental income from the second apartment. For investors, this is an ideal chance to increase NOI and force appreciation through rent growth in the near term. The location is exceptionally attractive to tenants—just minutes from Temple University Main Campus and surrounded by popular nightlife, restaurants, and neighborhood staples including Maxi’s Pizza Subs & Bar, The Draught Horse, and Pub Webb. Tenants also benefit from easy access to shopping, dining, and convenient transportation via the SEPTA Broad Street Line and multiple bus routes. The property is being offered individually or as part of a portfolio package with nearby properties at 1716 W Norris St and 1921 N Gratz St, presenting a rare opportunity to acquire three income-producing assets within approximately two blocks of one another in a proven high-demand rental market. Strong in-place cash flow, professional management history, near-term rent upside, and modern construction make this a standout Temple-area investment with immediate upside potential.

1826 W Norris St, Philadelphia

Listing courtesy of OCF Realty LLC - Philadelphia. Contact:

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