University City Homes under $500,000

University City Homes under $500,000

Welcome to University City, a vibrant and diverse neighborhood nestled in the heart of Philadelphia, Pennsylvania. Known for its rich academic heritage, University City is home to renowned institutions like the University of Pennsylvania and Drexel University, creating a dynamic environment that blends education, culture, and community.

For those seeking a charming abode in this lively area, you’ll be delighted to discover a variety of homes available for under $500,000. Whether you’re a first-time homebuyer, a savvy investor, or looking to downsize, University City offers an array of options that cater to different lifestyles and preferences. From modern condos with sleek finishes to cozy row homes brimming with character, there’s something for everyone.

Living in University City means you’re never far from the action. The neighborhood is teeming with eclectic shops, trendy cafes, and world-class dining options, making it a haven for foodies and social butterflies alike. Enjoy leisurely strolls through picturesque parks or immerse yourself in the vibrant arts scene that showcases local talent.

Moreover, University City boasts excellent public transportation options, ensuring easy access to the rest of Philadelphia and beyond. With its friendly atmosphere, strong sense of community, and a plethora of amenities, it’s no wonder that University City is a sought-after destination for homebuyers.

Explore your future in University City today, where affordable living meets an energetic lifestyle in one of Philadelphia's most desirable neighborhoods!

Newest University City Homes under $500,000

3939 Brandywine St, Philadelphia
$450,000
4 Beds ⋅ 3 Baths
Discover this stunning 9-year-old end townhouse in the heart of University City, offering approximately 1,700 sq ft of bright, livable space across three floors plus a full basement. Fully furnished and truly turnkey, this home is ready for immediate occupancy as a primary residence or strong investment opportunity.Located just steps from the trolley and within easy walking distance of restaurants, shops, and local attractions, the property sits close to both Drexel University and the University of Pennsylvania. Enjoy a remaining two-year tax abatement that enhances cash flow for investors or reduces ownership costs for families.Highlights include modern tiled bathrooms, all stainless steel appliances, and in-unit washer and dryer. The rooftop access delivers panoramic views of the Center City skyline—perfect for entertaining or quiet evenings. The flexible multi-level layout, combined with the full basement, provides ample room for a growing family or convenient space for storage, a home office, or additional rental potential.Whether you’re looking for a low-maintenance primary home near top universities or a furnished investment property with strong rental demand, 3939 Brandywine checks every box. Schedule your showing today.

3939 Brandywine St, Philadelphia

Listing courtesy of RE/MAX Centre Realtors. Contact:

4225 Filbert St, Philadelphia
$265,000
2 Beds ⋅ 1 Baths
We are pleased to present a turnkey, fully leased investment opportunity in the highly desirable University City section of Philadelphia on a cul de sac street. This purpose-built young professional housing building comprises of 1 unit with 2 bedrooms and 1 bathroom. Currently generating about $1,850 in monthly rental income with low expenses and maintenance, this investment boasts a 5.7% cap rate. This property has always been 100% leased with 0% vacancy and is leased until the end of the school year 2027. This property has primarily attracted grad students from both Drexel and UPenn, medical staff and young professionals working in the local hospitals. The building has been impeccably maintained, and everything is up to date. The generously sized units feature high-end finishes, including a premium kitchen and bathroom fixtures. These attributes make the properties highly competitive compared to nearby options, ensuring that it will be easy to rent for years to come. Additional amenities include in-unit laundry, high ceilings, large closets, luxury vinyl flooring, quartz countertops with stainless steel appliances, rooftop decks with skyline views, outdoor backyards, roof deck and more. This investment represents a tremendous opportunity to acquire strong-performing, never-vacant, and low-maintenance asset in a well-known, walkable, and bike-friendly neighborhood experiencing significant growth and expansion with major projects underway featuring over 33 million square feet of lab, residential, institutional, office, and public space in the pipeline at major developments like uCity Square and Schuylkill Yards, plus individual projects throughout the district.(ask us for more details on this). Conveniently located within walking distance to world-class universities, medical facilities, 30th Street Station, and the Art Museum, these properties also offer easy access to local highways. The Owner and Manager had built this property and maintained it to keep for many years.

4225 Filbert St, Philadelphia

Listing courtesy of Main Line Executive Realty. Contact:

5331 Market St, Philadelphia
$320,000
An opportunity for a savvy investor who wants to buy-and-hold investor or long-term owner-occupant. This building features two apartments and a commercial space. The building is currently generating $41,000 gross in rents. Taxes for 2027 are $2,550. The transportation hub on 52nd Street is only one block away. Shopping, groceries stores are within walking distance and the property is less than a 10-minute drive to Center City. Tenants pay all utilities. This property qualifies for PENN's grants towards closing costs.

5331 Market St, Philadelphia

Listing courtesy of Legal Real Estate LLC. Contact:

1259 S 46th St, Philadelphia
$345,000
Turnkey duplex with excellent cashflow on wide avenue in University City. The entire building is fully rewired and offers fully separated gas, electric, hot water, and HVAC (including central air in each unit). Each unit is a renovated 2 bedroom, 1 bath residence. Large bedrooms and great light throughout. The 2nd floor is fully updated and has a beautiful west facing bay window, spacious rear deck, and washer dryer. It is tenant occupied at $1,300/month + utilities with a lease expiration of 6/1/27. Beautiful and spacious kitchen and bath. The 1st floor has been updated with a brand new renovated kitchen, freshly painted, basement parged and cleaned, washer and dryer, and new marble tiled bath (bath was actually renovated prior to the previous tenant). The 1st floor also includes access to the rear yard. It is now rented at $1,500 + utilities with a lease expiration of 4/25/27. The building also has a shared front porch. Located in University City-- a close walk to Penn, CHOP, HUP, Clark Park (and its Farmers Market), the Schuylkill River Trail, Asad’s Hot Chicken, Four Worlds Bakery, Baltimore Avenue's Restaurant Row, and all that University City has to offer. Plus, 12 minutes to Center City by car or bike. Plenty of convenient SEPTA options. Easy access to I-76. Note—Both units are currently rented through May 2027. Either unit would also be great for an owner occupant after that time.

1259 S 46th St, Philadelphia

Listing courtesy of Compass Pennsylvania, LLC. Contact:

4428 Parrish St, Philadelphia
$230,000
DUPLEX READY FOR HOUSE HACKING- . This is a duplex with a generating and located In a Qualified Opportunity Zone (QOF). The building was completely rehabbed in 2019 with new electrical, mechanicals, kitchens, baths and central air. First-floor unit will be delivered vacant. Both units feature two bedrooms, upgraded kitchens, and bathrooms. Gross income for the building $31,000 a year. 2027 Taxes are $3,838. This property is conveniently located near public transportation, major universities, hospitals, and the expanding West Philadelphia corridor. Property qualifies for PENN's Closing Cost Reduction Program.

4428 Parrish St, Philadelphia

Listing courtesy of Legal Real Estate LLC. Contact:

512 N Holly St, Philadelphia
$360,000
3 Beds ⋅ 2 Baths
Welcome to 512 N Holly Street, a stylish 3-bedroom, 2-bath end-of-row home situated on a charming tree- lined street in West Powelton. Offering a functional layout with modern finishes, this home combines comfortable living with convenient access to University City and Center City. The main level features an open-concept living and dining area with hardwood floors, recessed lighting and plenty of natural light. The kitchen offers Shaker-style cabinetry, stainless steel appliances, quartz countertops and ample workspace, with direct access to the rear deck—perfect for outdoor dining, entertaining or relaxing. Upstairs, you'll find three bedrooms, including a primary bedroom with a private full bathroom, along with an additional full hall bath. The partially finished basement provides flexible bonus space that can be used as a home office, workout area, recreation space or additional storage, along with a dedicated laundry area. Conveniently located near Drexel University, the University of Pennsylvania, Lancaster Avenue, public transportation and major routes, 512 N Holly Street offers an excellent opportunity to enjoy everything West Philadelphia and University City have to offer.

512 N Holly St, Philadelphia

Listing courtesy of Real of Pennsylvania. Contact:

3843 Baring St, Philadelphia
$459,900
6 Beds ⋅ 4 Baths
Recently remolded 3 story duplex building in Historical Powelton village, walk distance to Drexel University , Penn university and Septa Bus Station Route, Unit A ( First Floor): 2 bedroom 2 full bathroom, Unit B; 4 bedroom 2 full bathroom which on each floor, brand new central air. Brand new stoves, refrigerator, washer and dryer, 2 brand new kitchen which are nice white cabinets with granite countertop , many windows which bring sunshine in, high ceiling, brand new laminate floor throughout, partial drywall are new, fresh painting,. This is a great investment opportunity in University City market, easy to rent out . also can live in one unit and rent out second floor , let some else to pay your mortgage

3843 Baring St, Philadelphia

Listing courtesy of Triamond Realty. Contact:

4938 Chestnut St, Philadelphia
$360,000
6 Beds ⋅ 2 Baths
Six Bedrooms. Historic Character. Endless Potential. Offering 1% Interest Rate Buydown for the 1st year at ZERO cost to the homebuyer when using the homeowner's preferred lender! Ask for details and see how this incentive can make owning this exceptional University City property even more attractive. Welcome to 4938 Chestnut Street, a stately 16-foot-wide row home where timeless Philadelphia character meets thoughtful updates and incredible potential. Offering approximately 2,300 square feet, 6 bedrooms, and 2 full baths, this expansive home is available to rent or purchase. As you enter, you are greeted by a spacious, light-filled mudroom adorned with beautiful decorative stained-glass windows. Thoughtfully versatile, this charming space can serve as a sophisticated entryway, a welcoming plant room, or a cozy reading nook. Step through the original vestibule and into the main level, where charming architectural details and timeless character unfold throughout the home. The main level features an oversized living room centered around a striking fireplace framed by custom millwork, serving as the room’s undeniable centerpiece and showcasing the home’s timeless character. Original moldings, stained glass windows, distinctive staircases, and new wood-look vinyl flooring create an elegant blend of historic charm and modern comfort. A gracious, separate dining room offers the perfect setting for everything from intimate dinners to lively gatherings with family and friends. The kitchen flows toward the rear of the home, opening to a spacious backyard, a rare and valuable amenity in the city. Upstairs, the second floor offers 3 generously sized bedrooms, a full bath, and additional original character, including a beautiful fireplace in the spacious front primary bedroom. The third floor adds 3 additional bedrooms and another full bath, creating an exceptionally flexible layout for a large household, roommates, guests, home offices, or future rental and multifamily possibilities. And then there is the location. Situated in the heart of University City, this home is just two blocks from the train, providing convenient access toward Center City and 30th Street Station. With universities, hospitals, restaurants, neighborhood amenities, and transportation all nearby, the location offers both convenience and long term appeal. The property is also zoned RM-1, offering potential for a multifamily conversion for investors or owner-occupants, subject to applicable zoning requirements and approvals. Whether you’re looking for a spacious primary residence, a property with rental potential, or an opportunity to bring your vision to one of University City’s most character-filled homes, 4938 Chestnut Street offers space, flexibility, character, and possibility all at an exciting price point. Schedule your showing today!

4938 Chestnut St, Philadelphia

Listing courtesy of Elfant Wissahickon Realtors. Contact:

44 S 44th St, Philadelphia
$349,900
Bring your vision to 44 S 44th Street, a substantial renovation opportunity in Philadelphia’s desirable Spruce Hill/University City area. This multi-level property offers impressive scale, abundant natural light, projecting bays and a striking contemporary façade, with significant construction already underway and the interior opened to the framing, allowing the next owner to complete and customize the project. Located just blocks from the Market-Frankford Line and convenient to the University of Pennsylvania, Drexel University, major medical and employment centers, Clark Park, Baltimore Avenue, restaurants, cafés and neighborhood amenities, the property combines strong accessibility with the character of one of West Philadelphia’s most established neighborhoods. An exciting opportunity for an investor, developer or experienced owner to take an ambitious project across the finish line and realize its full potential. Property is offered in its current condition; buyer to independently verify zoning, permitted use, permits, approvals and requirements for completion and occupancy.

44 S 44th St, Philadelphia

Listing courtesy of Vylla Home. Contact:

3836 Lancaster Ave, Philadelphia
$390,000
Excellent investment opportunity available now! Sale price of $780,000 includes both 3834 and 3836 Lancaster Avenue. Both buildings must be sold together. Each building consists of a retail store on the first floor plus a bi-level, 3-bedroom, 2-bathroom apartment above. The first-floor retail space occupies the first floor of both buildings. All utilities are separate. All three units are fully leased. Total monthly rent roll is $5,550, or $66,600 per year. This mix-use property is exceptionally well located on bustling Lancaster Avenue in University City, just minutes from Drexel University, UPENN, Penn Presbyterian Medical Center, and more. Schedule your tour today!

3836 Lancaster Ave, Philadelphia

Listing courtesy of New Age Realty Group Inc. Contact:

3834 Lancaster Ave, Philadelphia
$390,000
Excellent investment opportunity available now! Sale price of $780,000 includes both 3834 and 3836 Lancaster Avenue. Both buildings must be sold together. Each building consists of a retail store on the first floor plus a bi-level, 3-bedroom, 2-bathroom apartment above. The first-floor retail space occupies the first floor of both buildings. All utilities are separate. All three units are fully leased. Total monthly rent roll is $5,550, or $66,600 per year. This mix-use property is exceptionally well located on bustling Lancaster Avenue in University City, just minutes from Drexel University, UPENN, Penn Presbyterian Medical Center, and more. Schedule your tour today!

3834 Lancaster Ave, Philadelphia

Listing courtesy of New Age Realty Group Inc. Contact:

3824 Melon St, Philadelphia
$210,000
3 Beds ⋅ 1 Baths
Welcome home to one of the hottest neighborhoods in Philadelphia. This house is a 3-bedroom, 1-bathroom house that was completely renovated about 5 years ago and has constantly made great rental income with low vacancy rates. You can keep it as an investment or live in the home yourself and take advantage of the growing neighborhood and equity. All three bedrooms are great sizes. It is on a quiet block close to universities in University City, close to Lancaster Avenue, and close to public transportation. Parking is available on the street. There is a long-term tenant in place paying $1950 a month, and they would like to stay. The home is located within a 30-minute drive to the airport and a 10-minute drive to Center City.

3824 Melon St, Philadelphia

Listing courtesy of Legal Real Estate LLC. Contact:

Start Your Search

How much is your home worth?

Get instant property value now!