$250,000

Estimated payment $1,702/month

Total Views 349
-- Bed
-- Bath
2,704 Sq Ft
$92 Price per Sq Ft

About This Home

Welcome to 5020 Griscom Street – A True Value-Add Investment with a $20,000 Credit Offered! The seller is offering a $20,000 credit toward closing costs or down payment, making this LEGAL 8-unit apartment building an unbeatable opportunity for savvy investors. Featuring a mix of 1-bedroom and studio units, this property is primed for a complete renovation. With smaller unit sizes, rehab costs remain highly manageable—estimated at under $30,000 per unit. After repairs, the building carries a strong minimum ARV of $700,000. Rental programs pay up to $1,200 per unit, or investors can achieve at least $850 per unit with market tenants—delivering strong projected monthly and annual cash flow. Seller not only provides the $20,000 credit but also has direct lender connections willing to finance the project for experienced buyers, helping you get started with less out-of-pocket. This is a true cash cow investment—an affordable rehab with immediate income potential and long-term equity growth. Perfect for investors seeking both short-term returns and lasting appreciation. Schedule your showing today!

Listing Agent

Michelle Phillips

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
  • Remarks Public: Welcome to 5020 Griscom Street – A True Value-Add Investment with a $20,000 Credit Offered! The seller is offering a $20,000 credit toward closing costs or down payment, making this LEGAL 8-unit apartment building an unbeatable opportunity for savvy investors. Featuring a mix of 1-bedroom and studio units, this property is primed for a complete renovation. With smaller unit sizes, rehab costs remain highly manageable—estimated at under $30,000 per unit. After repairs, the building carries a strong minimum ARV of $700,000. Rental programs pay up to $1,200 per unit, or investors can achieve at least $850 per unit with market tenants—delivering strong projected monthly and annual cash flow. Seller not only provides the $20,000 credit but also has direct lender connections willing to finance the project for experienced buyers, helping you get started with less out-of-pocket. This is a true cash cow investment—an affordable rehab with immediate income potential and long-term equity growth. Perfect for investors seeking both short-term returns and lasting appreciation. Schedule your showing today!
  • Special Features: None
  • 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: 92.46
  • Above Grade Finished Sq Ft: 2704
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 5020

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

Schools

  • School District: THE SCHOOL DISTRICT OF PHILADELPHIA
  • School District Key: 300200397108

Lot Info

  • Land Use Code: N50
  • 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
  • Single Room Units Count: 4

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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Average Value
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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 Change Sq Ft Price
09/04/2025 09/04/25 For Sale $250,000 -- $92 / Sq Ft
Source: Bright MLS

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Source: Bright MLS

MLS Number: PAPH2532816

Bright MLS

APN: 88-1-2223-60