278 S 52nd St Philadelphia, PA 19139
Cobbs Creek NeighborhoodEstimated payment $1,553/month
Total Views
867
--
Bed
--
Bath
3,280
Sq Ft
$70
Price per Sq Ft
Highlights
- Central Air
- Heating Available
- 3-minute walk to Malcolm X Park
About This Home
– Available Individually or as a Portfolio –
INTRODUCING: The West Philly Park Portfolio — a rare opportunity to acquire up to thirty-nine (39) total units offering an in-place 9.5% stabilized cap rate, located just outside of University City — one of the most dynamic growth corridors in the United States. Situated within a Top-10 MSA for both population and life sciences, this portfolio lies in the heart of Philadelphia’s renowned “Eds & Meds” economy, surrounded by billions of dollars in active development. Nearby anchors include Schuylkill Yards, the Science Center, CHOP, HUP, and Amtrak’s 30th Street Station.
The portfolio spans ten (10) properties totaling approximately ±35,000 square feet, concentrated within a walkable five-block stretch along the high-traffic 52nd Street corridor, between Market Street and Larchwood Avenue. Each building features a mix of ground-floor commercial units with residential apartments above, many of which were comprehensively renovated in the early 2020s. Upgrades include LVP flooring, shaker cabinetry, granite countertops, in-unit washer/dryers, modern fire and sprinkler systems, central air, and contemporary finishes throughout.
The offering includes multiple park-front, corner, and contiguous parcels, with strong tenant demand driven by proximity to the University of Pennsylvania, Drexel University, and leading healthcare and innovation institutions. This is a rare chance to acquire turnkey assets in one of Philadelphia’s most promising submarkets.
Detailed financials available upon request.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,706
Year Built
- Built in 1925
Lot Details
- 1,800 Sq Ft Lot
- Lot Dimensions are 20.00 x 90.00
Home Design
- 3,280 Sq Ft Home
- Masonry
Utilities
- Central Air
- Heating Available
- Natural Gas Water Heater
Community Details
- 3 Units
Listing and Financial Details
- Tax Lot 198
- Assessor Parcel Number 871581460
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $3,673 | $264,800 | $52,960 | $211,840 |
| 2024 | $3,673 | $264,800 | $52,960 | $211,840 |
| 2023 | $3,673 | $262,400 | $52,400 | $210,000 |
| 2022 | $1,859 | $262,400 | $52,400 | $210,000 |
| 2021 | $1,859 | $0 | $0 | $0 |
| 2020 | $1,859 | $0 | $0 | $0 |
| 2019 | $1,841 | $0 | $0 | $0 |
| 2018 | $1,788 | $0 | $0 | $0 |
| 2017 | $2,221 | $0 | $0 | $0 |
| 2016 | $2,012 | $0 | $0 | $0 |
| 2015 | $1,926 | $0 | $0 | $0 |
| 2014 | -- | $158,700 | $8,073 | $150,627 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/22/2025 07/22/25 | For Sale | $230,000 | -- | $70 / Sq Ft |
Source: Bright MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $318,000 | Transfer Re Intelligence & T | |
| Deed | $74,900 | None Available | |
| Deed | $50,000 | -- | |
| Trustee Deed | $50,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $3,952,500 | Commercial | |
| Previous Owner | $220,000 | Commercial |
Source: Public Records
Similar Homes in Philadelphia, PA
Source: Bright MLS
MLS Number: PAPH2519274
APN: 871581460
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