BuySellBlogBrowse Listings

5020 Griscom StreetPhiladelphia, PA 19124

For Sale

$209,900

Smart Buyer Rebate - Ask

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!

Listed by Michelle Phillips

·

License #RM425239

·

Luxe Real Estate LLC

·

2152517519

Last updated October 13, 2025

·

Source: BrightMLS #PAPH2532816

Listing Facts

  • TypeMulti-family
  • NeighborhoodFrankford
  • Days on Prevu76
  • Taxes$4,199/year
  • Size2,704 sqft
  • Price per sqft$78

Location

Mortgage Calculator

Listing History

10/14/2025
Price Decreased
$209,900
09/22/2025
Price Decreased
$224,900
09/04/2025
Listed by Luxe Real Estate LLC
$250,000

Property Details for 5020 Griscom Street

Exterior

Construction

  • New Construction: No
  • Number Of Units Total: 4
  • Property Condition: Major Rehab Needed
  • Roof: Shingle
  • Year Built: 1920
  • Architectural Style: Other
  • Construction Materials: Brick

Features

  • Other Structures: Above Grade
  • Waterfront: No

Measurements

  • Lot Size Acres: 0.05
  • Lot Size Source: Estimated
  • Lot Size Square Feet: 2,178
  • Lot Size Units: Square Feet

Financial

Taxes

  • Tax Annual Amount: $4,199.00
  • Tax Year: 2025

Interior

Features

  • Flooring: Wood

Measurements

  • Living Area: 2,704
  • Living Area Source: Estimated

Rooms

  • Basement: Unfinished
  • Has Basement: Yes

Other

Location

  • Subdivision Name: FRANKFORD
  • Tax Lot: 140

Parking

Parking

  • Garage: No

Utilities

Equipment

  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Electric Available, Natural Gas Available, Sewer Available, Water Available
  • Water Source: Public

The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright BRIGHT, All Rights Reserved.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.