Philadelphia (West) Homes under $500,000

Philadelphia (West) Homes under $500,000

Welcome to Philadelphia's vibrant West neighborhood, a hidden gem that beautifully blends historic charm with modern convenience. Nestled in the heart of the City of Brotherly Love, this diverse community offers a rich tapestry of culture, art, and lifestyle, making it an ideal place for families, young professionals, and everyone in between.

One of the most appealing aspects of West Philadelphia is its affordability, with a variety of homes available for under $500,000. Here, you can find a delightful selection of properties, from classic brownstones to contemporary townhomes, all brimming with character and potential. Whether you're a first-time homebuyer or looking to invest, this neighborhood presents an incredible opportunity to own a piece of Philadelphia without breaking the bank.

West Philadelphia is not just about homes; it’s about community. The area boasts lush green spaces like Clark Park and the scenic trails of the Schuylkill River, perfect for outdoor enthusiasts. You’ll also enjoy easy access to a plethora of dining options, local shops, and cultural institutions, including the University of Pennsylvania and Drexel University, which contribute to the area’s vibrant atmosphere.

With its rich history, diverse population, and a strong sense of community, West Philadelphia is more than just a place to live; it’s a place to thrive. Discover your dream home in this dynamic neighborhood today, where affordability meets opportunity, and every street has a story to tell!

Newest Philadelphia (West) Homes under $500,000

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:

4831 Merion Ave, Philadelphia
$165,000
3 Beds ⋅ 1 Baths
Seller is motivated! Modernized 3-bedroom, 1-bath home located just off Girard Avenue in the heart of West Philadelphia. Features include updated living spaces, spacious bedrooms, and a clean full basement offering additional storage or potential use. Conveniently located just minutes from Fairmount Park, Philadelphia Zoo, Philadelphia Museum of Art, and Center City. Just a few blocks from the I-76 for easy commuting. Bring all offers.

4831 Merion Ave, Philadelphia

Listing courtesy of Realty One Group Restore - Conshohocken. Contact:

2726 Oakford, Philadelphia
$350,000
3 Beds ⋅ 1 Baths
Calling all value-add investors or creative home buyers. This permitted shell is ready for your plans. The bones are solid, and the interior is a blank canvas to build out your way. Street parking is easy, and local shops are steps away. Buses, subway access and I-76 put Center City and University City within a short commute. with an estimated after-repair value of $650K or more. Schedule your showing today.

2726 Oakford, Philadelphia

Listing courtesy of RE/MAX Ready. 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.

136 N 52nd St N, Philadelphia

Listing courtesy of Lerch & Associates Real Estate. Contact:

5136 Hadfield St, Philadelphia
$125,000
3 Beds ⋅ 1 Baths
Nestled in a vibrant neighborhood, this exquisite interior row townhouse embodies the perfect blend of modern elegance and timeless charm. With three bedrooms and a thoughtfully designed full bathroom, this residence offers an inviting atmosphere that feels like home from the moment you step inside. The architectural style of this straight-thru design maximizes space and light, creating a warm and welcoming environment. The full basement presents endless possibilities-transform it into a cozy entertainment area, a home gym, or a serene retreat for relaxation. As you explore the main living areas, you'll appreciate the seamless flow between rooms, ideal for both intimate gatherings and larger celebrations. The natural light pours in through well-placed windows, enhancing the inviting ambiance throughout the home. Each bedroom offers ample space, allowing for restful nights and rejuvenating mornings. The surrounding community offers a wealth of outdoor activities and green spaces, perfect for enjoying sunny days and fresh air. On-street parking provides convenience for you and your guests, ensuring that your home remains a welcoming haven. This townhouse is not just a residence; it's a lifestyle. Imagine sipping your morning coffee on a quiet street, surrounded by friendly neighbors and the charm of a close-knit community. The location offers easy access to local shops, dining, and entertainment, making it a perfect spot for those who appreciate the finer things in life while enjoying the comforts of home. With no association fees to worry about, you have the freedom to personalize your space without restrictions. This property is a canvas waiting for your unique vision, allowing you to create a sanctuary that reflects your style and aspirations. Experience the allure of this remarkable townhouse, where luxury meets comfort in every detail. Embrace the opportunity to make this exquisite property your own and enjoy a lifestyle that is both sophisticated and inviting. Your dream home awaits!

5136 Hadfield St, Philadelphia

Listing courtesy of Guardianship And Estate Realty LLC. Contact:

5848 Sansom St, Philadelphia
$184,888
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:

34 S Ruby St, Philadelphia
$255,000
3 Beds ⋅ 2 Baths
Welcome to 34 South Ruby Street — Comfortable Philadelphia Living with Space and Convenience Discover this well-appointed 3-bedroom, 2-full-bathroom home offering a practical layout and a variety of desirable features. The main living areas provide a comfortable setting for everyday living, with a welcoming living room and functional kitchen. The finished basement adds valuable flexible space that can be used for recreation, a home office, entertainment, or storage. Step outside to enjoy the front porch and backyard, providing additional space for relaxation and outdoor activities. The home also features central air conditioning, washer and dryer, security cameras, and convenient street parking. Its location provides easy access to public transportation, major roadways, and other everyday amenities. With its combination of three bedrooms, two full bathrooms, finished additional space, outdoor areas, and convenient city location, 34 South Ruby Street is an excellent opportunity for those seeking a comfortable home in Philadelphia.

34 S Ruby St, Philadelphia

Listing courtesy of Keller Williams Realty Devon-Wayne. Contact:

742 S 53rd St, Philadelphia
$349,900
4 Beds ⋅ 2 Baths
Welcome to 742 S 53rd Street, a spacious 4-bedroom, 2.5-bathroom Philadelphia home offering an impressive combination of character, space, and an open, functional layout. Step inside to a bright and expansive main level featuring beautiful hardwood flooring, high ceilings, recessed lighting, and an exposed brick accent wall that adds warmth and classic Philadelphia charm. The open-concept floor plan provides plenty of room for both living and dining areas and flows directly into the kitchen, creating an ideal setup for everyday living and entertaining. The kitchen features rich wood cabinetry, granite countertops, a subway tile backsplash, stainless steel appliances, ample cabinet space, and tile flooring. Large windows throughout the main level bring in excellent natural light and help showcase the home's generous proportions. With four bedrooms and two full bathrooms upstairs, plus a convenient half bath on the main level, there is plenty of flexibility for bedrooms, a home office, guest space, or a growing household. The combination of original architectural details and modern updates gives the home a distinctive look while maintaining a clean, neutral feel that's ready for its next owner. Located in West Philadelphia, 742 S 53rd Street offers the space that's increasingly difficult to find in the city—all wrapped into a 4-bedroom, 2.5-bath home with an open first floor, exposed brick, hardwood floors, and an updated kitchen. A great opportunity to make a spacious Philadelphia home your own.

742 S 53rd St, Philadelphia

Listing courtesy of RE/MAX Access. Contact:

5139 Reno St, Philadelphia
$89,000
2 Beds ⋅ 1 Baths
Opportunity awaits at 5139 Reno St! This 2-bedroom, 1-bath Philadelphia rowhome offers an affordable chance to create a home of your own or add another property to your investment portfolio. With a newer heater and hot water heater already in place, much of what this home needs is cosmetic updating to bring it up to today’s modern standards. Inside, you’ll find a traditional layout with hardwood flooring, two bedrooms, a full bathroom, and plenty of potential for someone ready to add fresh paint, updated finishes, and their own personal touches. Whether you’re a first-time buyer looking for a starter home you can improve over time or an investor searching for your next rental or renovation project, this property offers plenty of possibilities. Located on a quiet residential street while still offering convenient access to public transportation, neighborhood shopping, everyday necessities, and major routes throughout Philadelphia, the location makes getting around the city easy. The property is being sold AS-IS, making this a great opportunity for a buyer who can see the potential beyond the cosmetics. Bring your ideas and transform 5139 Reno St into something special.

5139 Reno St, Philadelphia

Listing courtesy of Compass Pennsylvania, LLC. Contact:

1332 N Frazier St, Philadelphia
$189,900
4 Beds ⋅ 2 Baths
Welcome to this spacious 4-bedroom, 1.5-bathroom twin home in West Philadelphia. This is the perfect starter home for a buyer ready to add some TLC or a savvy addition to any investment portfolio. Step from the inviting front porch into a bright living room highlighted by a beautiful brick fireplace, which leads seamlessly into a large dining room and an oversized eat-in kitchen. This functional layout includes a highly desirable first-floor laundry area and a powder room, while the spacious basement and private rear yard offer excellent storage and outdoor living options. Upstairs, the second floor hosts four bedrooms, a full bathroom, and a linen closet. Perfectly situated for urban living with public transportation within walking distance, this prime location property sits approximately 9 to 10 minutes from Saint Joseph's University; 14 to 15 minutes from the Hospital of the University of Pennsylvania; 15 to 16 minutes from the Children’s Hospital of Philadelphia (CHOP); 25 minutes from the Philadelphia International Airport; and 10 to 15 minutes from Interstate - 76 (I-76) —making it a dream home for healthcare professionals, students, or anyone seeking a convenient commute. The property is being sold As-is, Where-is. Property will not be cleaned out. Disclosure: Some of the pictures have been designed and/or enhanced by AI

1332 N Frazier St, Philadelphia

Listing courtesy of Super Realty Group, LLC. Contact:

65 N Dewey St, Philadelphia
$189,900
3 Beds ⋅ 1 Baths
Welcome to this beautifully renovated 3-bedroom end-unit rowhome in Philadelphia! Thoughtfully updated throughout, this home offers a fresh, modern feel with numerous recent improvements. The main and upper levels feature brand-new flooring and windows, creating a bright and inviting living space. The remodeled bathroom adds a fresh, updated touch, while the new kitchen features granite countertops and updated cabinetry, combining style and functionality. Additional improvements include fresh interior paint, a new HVAC system, a new water heater, and a new roof. With its extensive updates and desirable end-unit location, this home is move-in ready and ready for its next owner. Come see all that 65 N Dewey St has to offer!

65 N Dewey St, Philadelphia

Listing courtesy of Vihi Realty Co.. Contact:

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