Philadelphia (Southwest) Homes under $500,000

Philadelphia (Southwest) Homes under $500,000

Welcome to the vibrant and diverse neighborhood of Southwest Philadelphia, a hidden gem that offers an exceptional blend of urban convenience and suburban charm. Nestled within the bustling city of Philadelphia, this area is known for its rich history, cultural diversity, and community spirit. Whether you're a first-time homebuyer or looking to invest, Southwest Philadelphia presents an array of homes under $500,000, making it an attractive option for those seeking affordability without compromising on quality of life.

In Southwest Philadelphia, you’ll find a variety of housing options, from cozy single-family homes to spacious townhouses. Many properties boast character and charm, often featuring classic architectural details, inviting front porches, and generous yards. The neighborhood's affordability allows you to explore a range of styles that suit your personal taste and lifestyle.

Living in Southwest Philadelphia means being part of a close-knit community with easy access to local parks, schools, and shopping. Residents enjoy the convenience of public transportation, making commuting to Center City and other parts of Philadelphia a breeze. Plus, the area is rich in cultural experiences, with a plethora of restaurants, cafes, and community events that reflect the vibrant tapestry of its residents.

With homes under $500,000, Southwest Philadelphia is not just a place to live; it's a place to thrive. Embrace the opportunity to become part of this dynamic neighborhood and discover all that it has to offer. Your dream home awaits in Southwest Philadelphia!

Newest Philadelphia (Southwest) Homes under $500,000

5706 Kingsessing Ave, Philadelphia
$180,000
3 Beds ⋅ 2 Baths
Nestled in the heart of Philadelphia's vibrant Southwest neighborhood, this exquisite 3-bedroom, 1.5-bathroom townhouse embodies the perfect blend of classic charm and modern comfort. This brick beauty showcases a timeless architectural style that invites you to experience a lifestyle of elegance and ease. Step inside to discover a fully finished basement, offering versatile space for a home office, entertainment area, or personal gym-tailored to your unique lifestyle. Natural light pours through the windows, enhancing the warm ambiance throughout. The well-appointed kitchen is a culinary enthusiast's dream, ready for your personal touch with ample space for upgrades. Retreat to the spacious bedrooms, each designed to provide a serene escape at the end of the day. The thoughtfully designed bathrooms offer both functionality and style, ensuring comfort for you and your guests. Outside, the low-maintenance lot allows you to enjoy the outdoors without the hassle, while on-street parking provides convenience in this bustling urban setting. Experience the vibrant culture, dining, and entertainment options just moments away, making this location truly exceptional. This home is more than just a property; it's a lifestyle waiting to be embraced. Discover the perfect blend of luxury and comfort in this charming townhouse, where every detail invites you to create lasting memories.

5706 Kingsessing Ave, Philadelphia

Listing courtesy of George A Moscony Real Estate. Contact:

6407 Dicks Ave, Philadelphia
$219,900
3 Beds ⋅ 2 Baths
Welcome to 6407 Dicks Avenue—a beautifully renovated 3-bedroom, 1.5-bath home where the major work has already been done! Offered at $219,000, this property underwent an extensive rehabilitation in 2024, combining an updated interior with substantial mechanical and electrical improvements designed to provide comfort, efficiency, and peace of mind for years to come. From the moment you enter, you'll appreciate the fresh, move-in-ready feel and traditional Philadelphia straight-through layout. The main level provides comfortable living and dining areas with plenty of flexibility for everyday living, entertaining, or working from home. The renovated kitchen is one of the highlights of the home, featuring granite countertops, new appliances, updated finishes, and a clean contemporary look. Whether you're preparing a quick meal or entertaining family and friends, this kitchen provides an attractive and functional centerpiece for the home. The renovations continue with 1.5 beautifully updated bathrooms, giving the home the added convenience of a first-floor powder room in addition to the renovated full bath. Upstairs you'll find three bedrooms and the full bathroom, creating a practical layout for a variety of living arrangements. But the improvements at 6407 Dicks Avenue go well beyond what you can see. As part of the major 2024 rehabilitation, the property received significant upgrades to some of the home's most important—and expensive—systems. Improvements include a NEW HVAC system, NEW heat pump, NEW hot water heater, and NEW 200-amp electrical service. For buyers comparing homes in this price range, having these major improvements already completed can make a significant difference in both comfort and future ownership costs. The property also offers basement storage and utility space along with the added convenience of off-street driveway parking—a valuable feature in the city. Location adds another layer of convenience. Situated in Southwest Philadelphia's Elmwood Park area, 6407 Dicks Avenue provides easy access to neighborhood schools, shopping, parks, public transportation and major roadways. The location also provides convenient access toward Philadelphia International Airport, University City, the University of Pennsylvania and Drexel University, as well as employment, medical, educational and entertainment destinations throughout Center City and the surrounding area. Whether you're a first-time buyer, looking to move into a renovated home, or simply want to avoid taking on someone else's deferred maintenance, 6407 Dicks Avenue deserves your attention. With three bedrooms, 1.5 renovated baths, a new kitchen with granite countertops and new appliances, major mechanical upgrades, 200-amp electrical service and off-street parking, this home delivers a compelling combination of updates, convenience and value. The renovation is complete—the only thing missing is the next owner. Schedule your private showing and see what 6407 Dicks Avenue has to offer!

6407 Dicks Ave, Philadelphia

Listing courtesy of Super Realty Group, LLC. Contact:

6813 Woodland Ave, Philadelphia
$189,900
Investor Opportunity with Significant Value-Add Potential! This property presents a unique opportunity for an experienced investor looking to reposition and maximize a multi-family asset. Currently configured as 5 units, the property previously generated approximately $3,600 per month when fully occupied, with potential for increased rental income through improvements and optimization. The property was previously a legal triplex and formerly carried RM-1 zoning; however, it is currently zoned RSA-3 (single-family). The seller has already initiated the zoning process and was advised that pursuing approval for 4 units may be the most straightforward path. Buyer will be responsible for completing the zoning process and independently verifying permitted use. The surrounding block includes numerous multifamily properties, providing additional context for the property's potential. For investors considering the upside, legal triplex properties have sold in the area for approximately $270,000, offering a useful reference point when evaluating the potential value and equity opportunity associated with successfully restoring a legal multifamily use. The property currently has one paying tenant at $800/month. Each unit has a separate water heater, while the building currently operates from one shared house heating system. An investor may consider converting to individual mini-split systems, electric baseboard heat, or another separately controlled system as part of the property's renovation and repositioning. This is an opportunity for an investor who understands the zoning and value-add process to acquire a property with an existing five-unit configuration, prior legal multi-family history, established rental-income potential, and multiple avenues for repositioning. Property is being sold in its current condition. Buyer is responsible for all zoning, use, licensing, and due-diligence verification.

6813 Woodland Ave, Philadelphia

Listing courtesy of Luxe Real Estate LLC. Contact:

6813 Woodland Ave, Philadelphia
$189,900
3 Beds ⋅ 5 Baths
Investor Opportunity with Significant Value-Add Potential! This property presents a unique opportunity for an experienced investor looking to reposition and maximize a multi-family asset. Currently configured as 5 units, the property previously generated approximately $3,600 per month when fully occupied, with potential for increased rental income through improvements and optimization. The property was previously a legal triplex and formerly carried RM-1 zoning; however, it is currently zoned RSA-3 (single-family). The seller has already initiated the zoning process and was advised that pursuing approval for 4 units may be the most straightforward path. Buyer will be responsible for completing the zoning process and independently verifying permitted use. The surrounding block includes numerous multifamily properties, providing additional context for the property's potential. For investors considering the upside, legal triplex properties have sold in the area for approximately $270,000, offering a useful reference point when evaluating the potential value and equity opportunity associated with successfully restoring a legal multifamily use. The property currently has one paying tenant at $800/month. Each unit has a separate water heater, while the building currently operates from one shared house heating system. An investor may consider converting to individual mini-split systems, electric baseboard heat, or another separately controlled system as part of the property's renovation and repositioning. This is an opportunity for an investor who understands the zoning and value-add process to acquire a property with an existing five-unit configuration, prior legal multi-family history, established rental-income potential, and multiple avenues for repositioning. Property is being sold in its current condition. Buyer is responsible for all zoning, use, licensing, and due-diligence verification.

6813 Woodland Ave, Philadelphia

Listing courtesy of Luxe Real Estate LLC. Contact:

7402 Dicks Ave, Philadelphia
$190,000
2 Beds ⋅ 2 Baths
This property may qualify for CRA financing with as little as 3% down and no Private Mortgage Insurance (PMI). The program may also offer a lower interest rate than FHA financing, helping eligible buyers potentially reduce their upfront and monthly costs. Buyer qualification and program terms apply. Home Warranty Included: An HWA home warranty will be included with the sale, providing added peace of mind for the buyer. Welcome to this row rancher located in the Southwest Philadelphia neighborhood. This home offers a practical layout with 2 bedrooms and 1 full bathroom on the main level, providing comfortable everyday living. The fully finished basement expands the living space and features a large family room, a half bathroom, and additional flexibility for recreation, entertaining, or a home office. A $5,000 lender credit is available and can be combined with the Philly First $10K Grant, providing eligible buyers with additional assistance toward closing costs and prepaid expenses. This could help reduce the amount of cash needed at closing. Buyer qualification and program guidelines apply. Outside, the property offers excellent parking convenience with a front garage, driveway parking, and additional parking in the rear, along with a yard for outdoor enjoyment. Nearby parks include Elmwood Park, Suffolk Park, and Paschall Playground, offering additional options for outdoor recreation. A great opportunity to own a spacious ranch-style row home with versatile living space and ample parking in Southwest Philadelphia. Please note that this is as-is sale and it will not be cleaned out. Schedule your showing today!

7402 Dicks Ave, Philadelphia

Listing courtesy of LPT Realty, LLC. Contact:

Start Your Search