5020 Griscom St, Philadelphia, PA 19124

Local realty services provided by:Better Homes and Gardens Real Estate Valley Partners
5020 Griscom St,Philadelphia, PA 19124
$224,900
  • 4 Beds
  • - Baths
  • 2,704 sq. ft.
  • Multi-family
  • Active
Listed by:michelle phillips
Office:luxe real estate llc.
MLS#:PAPH2532816
Source:BRIGHTMLS

Price summary

  • Price:$224,900
  • Price per sq. ft.:$83.17

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!

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Home facts

  • Year built:1920
  • Listing ID #:PAPH2532816
  • Added:25 day(s) ago
  • Updated:September 30, 2025 at 01:34 PM

Rooms and interior

  • Bedrooms:4
  • Living area:2,704 sq. ft.

Structure and exterior

  • Roof:Shingle
  • Year built:1920
  • Building area:2,704 sq. ft.
  • Lot area:0.05 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$224,900
  • Price per sq. ft.:$83.17
  • Tax amount:$4,199 (2025)