University City Homes under $700,000

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:

$580,000

5 Beds ⋅ 4 Baths

Welcome to 5109 Catharine, a light filled 5-bedroom, 3.5 bath home located on a tree lined street in the highly desirable neighborhood of Cedar Park. As you approach the property, you’re greeted by a delightful south facing facade, tiered stoop for plants and flowers, a large low maintenance front yard with maximum curb appeal. Conveniently located steps away from parks, shops and restaurants Step inside to discover a warm sunroom bathed in natural light. A perfect space to relax and unwind. A large original window connects the sun room to the main living area allowing more natural light into the home. The open floor plan seamlessly connects to the dining area and updated and modern kitchen. Gorgeous hardwood floors throughout, high ceilings, exposed brick, original woodwork, recessed lighting, central air conditioning, and a convenient first floor half bath off of the kitchen. In the spacious kitchen, you’ll find an abundance of storage, top-of-the-line stainless steel appliances, shaker cabinets, pot filler, quartz countertops, gas range and peninsula for additional prep space and seating. The kitchen and dining areas are functional for preparing large meals and excellent places to host memorable experiences with family and friends. Off of the kitchen is a nice sized mudroom, which houses a bar, small pantry, washer and dryer and powder room. Off of this room you'll find a perfectly sized backyard space. Designed for easy upkeep, gardening and spacious enough for summer grilling, lounging and entertaining with the addition of string lights to create a cozy outdoor oasis. As you ascend to the second floor, you’ll find three comfortably sized bedrooms that offer ample storage and natural light, creating cozy retreats for rest and relaxation. You'll find thoughtful custom shelving and built-ins in the primary bedroom with original mirrored built in closets in the rear bedroom. The contemporary hall bathroom features a tub/shower combo, modern light fixture and vanity with additional storage. The serene primary has two large custom closets, additional overhead storage and a luxury ensuite bathroom with a double vanity, walk-in glass shower and marble backsplash. The finished lower-level features two large additional bedrooms and a full hall bath. This level also houses all of the mechanicals, high efficiency furnace, sump pump, 200-amp system and brand-new water line. This home truly stands out with its roomy and inviting atmosphere along with the perfect balance of modern updates and original details. Move right in and immerse yourself in this well-loved home. The property's convenient location is just one block from the recently redone playgrounds at Cedar Park & Malcolm X Park. Fantastic shops and restaurants on Baltimore Ave; Mariposa Food Co-op, Bookers Restaurant, Cleo Bagels and Carbon Copy. Easily accessible public transportation with just a short ride to Penn, Drexel, Penn Medicine, CHOP and Center City. Welcome home! NOTE: This home has a tax abatement that ends December 31, 2028.

5109 Catharine St, Philadelphia

Listing courtesy of Compass Pennsylvania, LLC. Contact:

$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:

$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 World��s 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:

$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:

$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:

$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:

$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:

$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:

$649,000

4 Beds ⋅ 3 Baths

In the Cedar Park neighborhood of West Philly's University City, this legally zoned & licensed 3-story twin duplex was an ideal home for owner-occupants - till job changes sent them elsewhere. There’s a bilevel first & second floor unit with a sweet old-fashioned living room (which could be used as a BR), open middle room, full bath, big eat-in dining/kitchen area on the 1st floor - plus 2 bedrooms, an open office/family room space, and a bath on the 2nd floor. The third floor flat is a 2 bedroom unit (including a finished attic loft space) with a private entrance. And if a new owner wants more space later on, the third floor can easily be reconnected to the lower floors. The original details West Philly residents love are all here - pocket doors, mantles, natural woodwork & hardwood flooring - combined with a recent kitchen in the owners unit, where the first floor has an open floor plan, and recent baths. The rear yard is huge, plus the location is just a few blocks from West Philly’s famous Clark Park. Baltimore Ave with its eclectic mix of shops and small restaurants is close by and the T3 trolley route is 2 blocks north on Chester Ave, arriving in center city in 15 minutes after stopping at UPenn, Drexel U and the 30th St transportation hub along the way. The apartments are currently rented at $2120 and $1480/month. Tenants pay for separate heat, hot water & electric. The leases expire June 30, 2027 & July 31, 2027.

4730 Kingsessing Ave, Philadelphia

Listing courtesy of Compass Pennsylvania, LLC. Contact:

$649,000

In the Cedar Park neighborhood of West Philly's University City, this legally zoned & licensed 3-story twin duplex was an ideal home for owner-occupants - till job changes sent them elsewhere. There’s a bilevel first & second floor unit with a sweet old-fashioned living room (which could be used as a BR), open middle room, full bath, big eat-in dining/kitchen area on the 1st floor - plus 2 bedrooms, an open office/family room space, and a bath on the 2nd floor. The third floor flat is a 2 bedroom unit (including a finished attic loft space) with a private entrance. And if a new owner wants more space later on, the third floor can easily be reconnected to the lower floors. The original details West Philly residents love are all here - pocket doors, mantles, natural woodwork & hardwood flooring - combined with a recent kitchen in the owners unit, where the first floor has an open floor plan, and recent baths. The rear yard is huge, plus the location is just a few blocks from West Philly’s famous Clark Park. Baltimore Ave with its eclectic mix of shops and small restaurants is close by and the T3 trolley route is 2 blocks north on Chester Ave, arriving in center city in 15 minutes after stopping at UPenn, Drexel U and the 30th St transportation hub along the way. The apartments are currently rented at $2120 and $1480/month. Tenants pay for separate heat, hot water & electric. The leases expire June 30, 2027 & July 31, 2027.

4730 Kingsessing Ave, Philadelphia

Listing courtesy of Compass Pennsylvania, LLC. Contact:

$525,000

REHABBED MIXED USE BUILDING IN A UNIVERSITY CITY . This legally zoned commercial building features an office space/ business space on the first floor, and two apartments upstairs. This building was completely redone, taken down to the studs, and revamped and reimagined. On the first floor, you find a commercial space with a wheelchair ramp already ready. There is also a garage space that is being currently used as additional storage. The storage space is perfect for someone that has their own business that needs it to be walkable, and there's plenty of on-site parking. The location is amazing and close to college campuses and Lancaster Avenue. Both units in the building, as well as the office, are quite large, with large bedrooms and large office spaces. The office also features a finished basement, great for additional storage. Currently, the building is bringing in $4020 without the commercial space. This will be great for an investor or someone who wants to house-hack. There is plenty of pedestrian traffic - great for a business. The transportation is close by as well. Shopping, groceries stores are within walking distance and the property is less than a 10-minute drive to Center City. Tenants pay all utilities . The property qualifies for Penn's closing cost assistance program.

743 N 44th St, Philadelphia

Listing courtesy of Legal Real Estate LLC. Contact:

University City Homes under $700,000

Newest University City Homes under $700,000

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