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$2,250,000

  • For Sale
  • Active
  • Apartment
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The Parke Building presents a rare redevelopment opportunity in the heart of West Philadelphia's rapidly evolving 52nd Street corridor. Positioned prominently on the southeast corner of 52nd & Ludlow, this seven-story mixed-use building offers approximately 28,609 square feet on a corner lot with 61 feet of frontage and is located within a Qualified Opportunity Zone. Currently in shell condition, the property still showcases remnants of its original 1920s architectural character while providing a blank canvas for a visionary developer. The property is zoned CMX-4 and includes a use permit for a 46-unit apartment project, creating significant upside potential in a location surrounded by public transportation, neighborhood commerce, and ongoing investment. The rooftop delivers sweeping 360-degree views, including striking views of the Center City skyline, while SEPTA's 52nd Street Market-Frankford Line station sits just steps away, offering direct access to Center City and University City. This is a unique opportunity to reposition a landmark-scale property in one of Philadelphia's most transit-oriented corridors.

Full Property Details for 17 S 52nd St

General

  • Price: $2,250,000
  • Taxes: $22,145 (2020)
  • Status: Active
  • Type: Apartment
  • Source: BrightMLSPhilly
  • MLS ID: PAPH2633692
  • Updated: 6/11/2026
  • Added to Site: 9 day(s) ago

Business

  • Business Type: Apartment Building

Parking

  • Parking Type: On Street

Location

  • Area: 19139 (19139)
  • Municipality: PHILADELPHIA
  • County: PHILADELPHIA
  • Subdivision: WEST PHILADELPHIA
  • Cross Streets: Ludlow Street
  • Driving Directions: Please use GPS for the most accurate directions.
  • Location Details: Urban

School Information

  • High School: University City

Heating & Cooling

  • Cooling Type: None
  • Cooling Fuel: Electric
  • Heating Type: None
  • Water Heater: Other

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Construction: Masonry
  • Stories/Levels: 7
  • Building Size: 28609
  • Year Built: 1920
  • Year Built Source: Estimated
  • Property Condition: Major Rehab Needed

Unit Information

  • # Tenants: Multiple

Lot Features

  • Property View: City
  • Lot Size (Acres): 0.09
  • Lot Size (Sq. Ft.): 4,086
  • Lot Size Source: Estimated
  • Zoning: CMX4
  • Lot Description: Corner

Financial Considerations

  • Price Per Sq. Ft.: $78.65
  • Assessment Year: 2020
  • School Tax: $12,151
  • City/TownTax: $9,993
  • City/TownTax Freq: Annually
  • County Tax Freq: Annually
  • Tax w/Assessment: $1,582,000
  • Tax Amount: $22,145
  • Tax Year: 2020

Disclosures and Reports

  • Ownership: Fee Simple
  • Bank-owned: Yes
  • Lot Number: 295

Listed by Genstone Realty, Christopher B Nelson

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Listing agent

— 17 S 52nd St —

  • Christopher B Nelson

    Genstone Realty

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 17 S 52nd St

School District:Philadelphia City School District
NameGradesDistance
Sayre William L Middle School
5800 Walnut Street, Philadelphia, PA 19139
9-120.8 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 17 S 52nd St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
6/11/2026
Listed
$2,250,000
-16.67%
MLS
10/12/2021
Sold
$2,700,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 17 S 52nd St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$68,169
—
$4,869,900
—
2024
$68,169
211%
$4,869,900
100%
2021
$21,951
-60%
-100%
2023
$54,326
113%
$3,881,000
113%
2020
$25,565
—
$1,826,300
—
2019
$25,565
-21%
$1,826,300
-32%
2018
$32,352
666%
$2,670,500
528%
2017
$4,224
—
$425,000
—
2016
$4,224
-26%
$425,000
—
2015
$5,695
—
$425,000
—
2014
$5,695
3%
$425,000
431%
2013
$5,550
—
$80,000
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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NMLS#: 1598647

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Listed by Genstone Realty, Christopher B Nelson

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17 S 52nd Street, Philadelphia, PA 19139 (MLS# PAPH2633692) is a Apartment property. 17 S 52nd Street is currently listed for $2,250,000 and was received on June 11, 2026. Want to learn more about 17 S 52nd Street? Do you have questions about finding other Apartment real estate for sale in Center City East? You can browse all Center City East real estate or contact a Coldwell Banker agent to request more information.

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