$209,900
UNDER CONTRACT

5020 Griscom St Philadelphia, PA 19124

Frankford Neighborhood

Estimated payment $1,455/month

Total Views 4,616
-- Bed
-- Bath
2,704 Sq Ft
$78 Price per Sq Ft

About This Home

Welcome to 5020 Griscom Street – A True Value-Add Investment Opportunity! This legal 8-unit apartment building, featuring a mix of 1-bedroom and studio units, is a prime opportunity for savvy investors. The property requires a full renovation, but with smaller unit sizes, rehab costs remain highly manageable—estimated at under $20,000 per unit. After repairs, the building carries a strong minimum ARV of $700,000. Rental programs can pay up to $1,200 per unit, or investors can easily achieve at least $850 per unit with market tenants—delivering strong projected monthly and annual cash flow. Seller has direct lender connections willing to finance the project for experienced buyers, making it easier to get started with less upfront capital. This property is a true cash-flow machine—an affordable rehab with immediate income potential and long-term equity growth. Perfect for investors seeking both short-term profitability and lasting appreciation. Schedule your showing today!

Listing Agent

Michelle Phillips

(215) 251-7519 michellephillips@kw.com Luxe Real Estate LLC License #RM425239 Listed on: 09/04/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,199

Year Built

  • Built in 1920

Parking

  • On-Street Parking

Home Design

  • Fixer Upper
  • Brick Exterior Construction
  • Unfinished Walls
  • Shingle Roof

Interior Spaces

  • 2,704 Sq Ft Home
  • Wood Flooring
  • Unfinished Basement

Additional Features

  • 2,178 Sq Ft Lot
  • Urban Location
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 140
  • Assessor Parcel Number 881222360

Community Details

Overview

  • 4 Units
  • Frankford Subdivision

Building Details

  • 8 Vacant Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,199

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Twin/Semi-Detached
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main
  • Year Built: 1920
  • Automatically Close On Close Date: No
  • Special Features: UnderContract
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring Type: Wood
  • Wall Ceiling Types: Unfinished Walls
  • Foundation Details: Other
  • Basement: Yes
  • Basement Type: Unfinished
  • Total Sq Ft: 2704
  • Living Area Sq Ft: 2704
  • Price Per Sq Ft: 77.63
  • Above Grade Finished Sq Ft: 2704
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Brick
  • Roof: Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: No
  • Electric Service: Circuit Breakers
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Utilities: Electric Available, Natural Gas Available, Sewer Available, Water Available
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.05
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2178.00
  • Property Condition: Major Rehab Needed
  • Zoning: RSA3
  • Zoning Description: Please see attached rental license for 8 units.

Rental Info

  • Lease Considered: No
  • Vacation Rental: No

Multi Family

  • Number Of Units Vacant: 8
  • Other Units: Unit 1,Unit 2

Tax Info

  • School Tax: 2351.00
  • Tax Annual Amount: 4199.00
  • Assessor Parcel Number: 881222360
  • Tax Lot: 140
  • County Tax Payment Frequency: Annually
  • Tax Year: 2025

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/13/2025 10/13/25 Price Changed $209,900 -6.7% $78 / Sq Ft
09/22/2025 09/22/25 Price Changed $224,900 -10.0% $83 / Sq Ft
09/04/2025 09/04/25 For Sale $250,000 -- $92 / Sq Ft
Source: Bright MLS

Source: Bright MLS

MLS Number: PAPH2532816

Bright MLS

APN: 88-1-2223-60

Pennsylvania Philadelphia County Philadelphia 19124 Frankford

5020 Griscom St, Philadelphia, PA

Under Contract

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Michelle Phillips
Listing Agent
Michelle Phillips
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Luxe Real Estate LLC
(215) 251-7519