Philadelphia (West) Homes under $500,000

Philadelphia (West) Homes under $500,000

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Newest Philadelphia (West) Homes under $500,000

no property photo
$349,900
With its elegant brick façade and timeless architectural style, this property invites you to experience a lifestyle of sophistication and warmth. Step inside to discover a spacious interior that radiates a sense of home. The layout offers an abundance of natural light, creating an inviting atmosphere perfect for both relaxation and entertaining. The full, unfinished basement presents a canvas for your imagination-transform it into a cozy retreat, a home gym, or additional storage space to suit your needs. The property boasts a generous lot size of 0.04 acres, providing ample outdoor space for gardening or enjoying the fresh air. While there is no pool, the surrounding community offers a wealth of recreational opportunities, ensuring that leisure and relaxation are always within reach. Parking is a breeze with convenient on-street options, allowing you to explore the vibrant local scene without the hassle of searching for a spot. The neighborhood is rich with amenities, from charming cafes to boutique shops, all just a stone's throw away. This residence is not just a home; it's a lifestyle. Imagine sipping your morning coffee on a sun-drenched porch or hosting intimate gatherings in your spacious living area. The property's very good condition means you can move in with ease, while still having the opportunity to personalize it to your taste. Experience the unique blend of historic charm and modern convenience that this Philadelphia gem offers. Embrace the opportunity to create lasting memories in a space that truly feels like home.

5012 Walnut St, Philadelphia

Listing courtesy of Integrity Real Estate Services. Contact:

5231 Walnut St, Philadelphia
$258,750
4 Beds ⋅ 1 Baths
Welcome to 5231 Walnut Street, a classic West Philadelphia porch-front home where century-old character meets everyday comfort. Step up to the covered front porch and through the arched-transom entry into a vestibule with its original mosaic tile floor, the first of many period details found throughout. The main level has rich hardwood floors, high ceilings, and a sunny living room anchored by a handsome wood fireplace mantel. It flows into a second living area that works equally well as a den, office, or formal dining room. At the back of the house, the eat-in kitchen features a gas range, tiled island, classic black-and-white backsplash, ample cabinet storage, and a window over the sink overlooking the garden. A rear door opens to a deck and one of the home's standout features: a deep, private backyard with mature shade trees, a stone pathway, and raised garden beds. It's a rare city retreat for gardening, entertaining, or simply unwinding. Upstairs, the original staircase with turned balusters leads to four bedrooms. Highlights include bay-window bedrooms with built-in window seats and ceiling fans, plus a bedroom with an ornate decorative mantel. The renovated bathroom pairs classic hex tile and white wainscoting with an added skylight and a new stained-glass window that fills the room with natural light and character. Original refinished trim, transoms, and wainscoting carry the home's character from floor to floor. The full, dry, and clean basement provides laundry with a utility sink and generous room for storage or a workshop. The home is close to the shops and restaurants of the historic 52nd Street corridor and to public transit, with an easy commute to University City and Center City. In an area being revitalized with modern home renovations, 5231 Walnut stands as a reminder of the historic beauty of the neighborhood within a tastefully renovated and restored home. Schedule your showing today!

5231 Walnut St, Philadelphia

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

1511 N 54th St N, Philadelphia
$395,000
A Philadelphia Investment Opportunity With Income Potential, Purpose, and Possibility Your next real estate investment could be more than a property. It could be the foundation of your next chapter in wealth building. Welcome to 1511 N. 5th Street, Philadelphia, Pennsylvaniaa compelling opportunity for the visionary investor who understands that successful real estate investing is about more than acquiring a building. It is about recognizing potential, creating lasting value, and positioning yourself to benefit from the enduring need for quality rental housing. This 3 unit residential investment presents an opportunity to establish or expand a rental portfolio in Philadelphia's dynamic urban real estate market. Featuring 2 - 1 bedroom units and 1 - 2 bedroom unit, the property offers a diversified residential configuration that can appeal to a range of prospective renters, subject to market demand, property condition, and applicable rental requirements. For investors navigating today's higher borrowing costs, opportunities deserve to be evaluated through a disciplined lens: income potential, operating expenses, tenant demand, long-term appreciation prospects, and the ability to create value. This property offers an opportunity to explore all of those considerations in one investment. 3 units. Multiple income opportunities. One strategic acquisition. The property's three-unit configuration is central to its investment appeal. An investor has the opportunity to generate income from 3 separate residential units. The proposed rental-income analysis uses the Philadelphia Housing Authority payment standards previously discussed as a preliminary benchmark: - Two one-bedroom units: $1,960 per month each. - One two-bedroom unit: $2,330 per month. Based on those assumptions, the property has a projected gross rental income of $6,250 per month, or $75,000 annually, before vacancy, operating expenses, and any adjustments required by the applicable rental program. For an investor, this creates a starting point for evaluating the property's earning potential and developing a thoughtful acquisition strategy. The final achievable rents must be independently verified. Housing Choice Voucher payment standards are not guaranteed rents, and the applicable ZIP code, voucher requirements, utilities, rent-reasonableness review, and property eligibility must all be confirmed. An investment strategy for today's interest-rate environment Higher interest rates have changed the way investors evaluate real estate. Borrowing costs can reduce cash flow, increase monthly debt service, and make careful underwriting more important than ever. But higher rates do not automatically eliminate opportunity. They make the quality of the acquisition, the accuracy of the numbers, and the investor's strategy even more important. At an asking price of $395,000, buyers can evaluate this property based on its potential rental income, anticipated operating expenses, financing structure, and long-term objectives. (Note: Select photos have been virtually staged for visualization purposes only.)

1511 N 54th St N, Philadelphia

Listing courtesy of KW Empower. Contact:

632 S 52nd St, Philadelphia
$349,900
Beautifully Renovated Duplex in West Philadelphia – Ideal for Investors or Owner-Occupants! Welcome to 632 S 52nd Street, a beautifully updated, move-in-ready duplex located in the heart of West Philadelphia! Offering approximately 1,800 square feet of living space, this spacious twin/semi-detached property features two separate residential units, making it an excellent opportunity for investors looking to expand their portfolio or buyers interested in living in one unit while generating rental income from the other. Featuring extensive recent cosmetic renovations throughout, this property offers brand-new luxury vinyl plank (LVP) flooring, freshly painted interiors, updated lighting fixtures, and newly replaced windows throughout most of the property, creating a fresh, modern feel while maintaining its original character and charm. Both units feature beautifully renovated kitchens showcasing crisp white shaker-style cabinetry accented by sleek black hardware, gorgeous white countertops, classic white subway tile backsplashes, and stainless steel appliances. Modern black pull-down kitchen faucets and updated lighting complete the stylish, contemporary look. The bright, inviting kitchens offer ample cabinet and countertop space, providing both functionality and attractive finishes. The newly renovated bathrooms are equally impressive, featuring beautiful marble-look tile tub surrounds, updated bathtubs, modern white vanities with storage, sleek black faucets and fixtures, contemporary mirrors, and updated lighting. The combination of timeless white finishes and contrasting black accents creates a clean, elegant aesthetic. The property consists of two separate units: one 2-bedroom, 1-bathroom unit and one 1-bedroom, 1-bathroom unit, offering flexible living arrangements and excellent rental potential. The first-floor unit also features a versatile bonus room, perfect for a home office, nursery, den, or additional flex space to suit your needs. The upstairs unit features a particularly charming and spacious living room highlighted by a beautiful bay window that fills the space with natural sunlight, built-in shelving, and an attractive decorative fireplace that adds warmth and architectural character. The beautiful new flooring and fresh neutral paint complement the home's original details, creating an inviting space to relax or entertain. Both units are currently vacant, giving the new owner the flexibility to select their own tenants, establish rental rates, or occupy one unit while renting the other. Additional features include a full unfinished basement with outside access, natural gas heating, and public water and sewer. Location, location, location! Conveniently situated in West Philadelphia, this property offers easy access to University City, the University of Pennsylvania, Drexel University, and the vibrant Baltimore Avenue corridor, known for its diverse restaurants, cafés, shops, and neighborhood attractions. Enjoy nearby Clark Park, local shopping, public transportation, and convenient access to Center City Philadelphia. Commuters will appreciate proximity to SEPTA bus and trolley routes, along with access to Interstate 76, Interstate 95, and Route 1 (City Avenue), connecting you to major employment centers, Philadelphia International Airport, and surrounding suburbs. Whether you're looking for an investment property, an opportunity to generate rental income, or the flexibility of owner-occupied multifamily living, this beautifully updated, fully vacant duplex offers an exceptional combination of modern cosmetic improvements, classic architectural charm, convenience, and investment potential. Schedule your showing today and discover all that 632 S 52nd Street has to offer!

632 S 52nd St, Philadelphia

Listing courtesy of Houwzer, LLC. Contact:

136 N 52nd St N, Philadelphia
$249,950
Twin building that has multiple uses. Property is located in a commercial area that has uses for single family, multi family and some commercial uses. Buyer to do their due diligence on any possible uses prior to submitting an offer. Buildings first floor has enclosed front porch area, large open room with a full bath, back kitchen area with door leading to back yard and also access to basement. Second floor has a Living room and kitchen area combo, full bath bedroom in the back of the second floor and a smaller Bedroom/Den/office area. The basement is full and unfinished. Property is being sold as-is. Buyer is fully responsible for the city U&O including cost, ordering and clearing any/all violations or repairs if any. Proof of funds/pre approval needed with offers. LEGAL: SITUATE ON THE WEST SIDE OF 52ND STREET AT THE DISTANCE OF 301 FEET INCHES NORTHWARD FROM THE NORTH SIDE OF ARCH STREET IN THE 44TH WARD OF THE CITY OF PHILADELPHIA. 8 CONTAINING IN FRONT OR BREADTH ON 52ND STREET 18 FEET 2 INCHES AND EXTENDING OF THAT WIDTH IN LENGTH OR DEPTH WESTWARD BETWEEN PARALLEL LINES AT RIGHT ANGLES TO SAID 52ND STREET 93 FEET TO A CERTAIN 3 FEET 6 INCHES WIDE ALLEY WHICH LEADS SOUTHWARD FROM RACE STREET; WIDENING TO THE WIDTH OF 3 FEET 9 INCHES WHEN AT THE DISTANCE OF 100 FEET NORTHWARD FROM THE NORTH SIDE OF ARCH STREET AND COMMUNICATING AT ITS SOUTHERNMOST END WITH ANOTHER ALLEY 3 FEET 6 INCHES WIDE LEADING WESTWARDLY INTO WILTON STREET.

136 N 52nd St N, Philadelphia

Listing courtesy of Lerch & Associates Real Estate. Contact:

5848 Sansom St, Philadelphia
$178,888
3 Beds ⋅ 1 Baths
Nestled in the charming Philadelphia (West) neighborhood, this exquisite 3-bedroom, 1-bathroom residence exudes warmth and sophistication, making it the perfect sanctuary for those seeking a blend of comfort and luxury. Built in 1925, this home showcases timeless architectural elegance with its classic Straight Thru design and sturdy masonry construction, offering both character and durability. Step inside to discover a thoughtfully designed layout that maximizes space and light. The heart of the home is the inviting kitchen, equipped with high-end stainless steel appliances that elevate everyday living. The built-in microwave and self-cleaning gas oven/range make meal preparation a breeze, while the sleek dishwasher ensures effortless cleanup. The refrigerator provides ample storage for all your culinary needs, allowing you to entertain with ease and style. The cozy living areas are perfect for relaxation and gatherings, featuring an ambiance that invites you to unwind after a long day. Each of the three bedrooms offers a peaceful retreat, with generous natural light and space to personalize your sanctuary. The full bathroom is designed for both functionality and comfort, providing a serene space to refresh and rejuvenate. The full basement offers endless possibilities, whether you envision a home gym, a creative studio, or additional storage. Outside, the property features convenient driveway parking and on-street options, ensuring that you and your guests always have a place to park. This home is not just a place to live; it's a lifestyle. Enjoy the vibrant community of Philadelphia (West), where local shops, parks, and dining options are just a stone's throw away. Experience the perfect blend of urban convenience and suburban tranquility, all while residing in a home that embodies luxury and comfort. With its high-end appliances and inviting atmosphere, this property is ready to welcome you home. Embrace the opportunity to create lasting memories in a space that truly reflects your lifestyle. Don't miss your chance to make this exquisite residence your own!

5848 Sansom St, Philadelphia

Listing courtesy of Michael Realty Inc. Contact:

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