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$50,000
Property Description
Prime development opportunity in the Olney section of Philadelphia! This project presents investors and developers with the opportunity to construct a new residential property and capitalize on strong resale demand within the area. Recent comps support ARVs reaching up to $260,000, providing a compelling profit margin for builders seeking solid returns. Additionally, qualified projects may benefit from Philadelphia's 10-Year Tax Abatement program, significantly enhancing long-term profitability and improving overall cash flow. Investors don't hesitate to secure this asset.
Full Property Details
Full Property Details for 318 E Albanus St
General
- Price: $50,000
- Taxes: $146 (2025)
- Status: Active
- Type: Lots/Land
- Source: BrightMLSPhilly
- MLS ID: PAPH2589870
- Updated: 3/6/2026
- Added to Site: 29 day(s) ago
Location
- Area: 19120 (19120)
- Municipality: PHILADELPHIA
- County: PHILADELPHIA
- Driving Directions: If you're traveling southbound on Roosevelt BLVD, turn right on Rising Sun Avenue, then turn right on Albanus Street. Drive 500ft until you arrive at the property on the right-hand side. If you're traveling northbound on Roosevelt BLVD, turn left on Rising Sun Avenue, then turn right on Albanus Street. Drive 500ft until you arrive at the property on the right-hand side.
School Information
- School District: Philadelphia City
Utilities
- Sewer: No Sewer System
- Water: None
Structural Information
- Current Bldg. Use: Residential
Lot Features
- Lot Size (Acres): 0.03
- Lot Size (Sq. Ft.): 1,125
- Lot Size Source: Assessor
- Lot Dimensions: 15.00 x 75.00
- Zoning: RSA5
Financial Considerations
- Price Per Sq. Ft.: $44.44
- Assessment Year: 2025
- School Tax: $82
- City/TownTax: $64
- City/TownTax Freq: Annually
- County Tax Freq: Annually
- Tax w/Assessment: $10,500
- Tax Amount: $146
- Tax Year: 2025
Disclosures and Reports
- Ownership: Fee Simple
- Lot Number: 194
Listed by RE/MAX Ready, Junard Lane
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Schools
Schools serving 318 E Albanus St
School District:Philadelphia City School District
| Name | Grades | Distance |
|---|---|---|
Olney El School 5301 North Water Street, Philadelphia, PA 19120 | K-8 | 0.3 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 318 E Albanus St
Date
Details
Price
Change
Source
3/06/2026
Listed
$50,000
1062.79%
MLS
12/06/2024
Sold
$4,300
—
Public Record
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
Tax History for 318 E Albanus St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$147
—
$10,500
—
2024
$147
-42%
$10,500
100%
2021
$253
73%
-100%
2023
$146
-42%
$10,400
-43%
2020
$253
—
$18,100
—
2019
$253
—
$18,100
—
2018
$253
—
$18,100
—
2017
$253
132%
$18,100
132%
2016
$109
4%
$7,800
—
2015
$105
—
$7,800
—
2014
$105
239%
$7,800
2338%
2013
$31
—
$320
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 318 E Albanus St
318 E Albanus Street, Philadelphia, PA 19120 (MLS# PAPH2589870) is a Lots/Land property with a lot size of 0.03 acres. 318 E Albanus Street is currently listed for $50,000 and was received on March 06, 2026. Want to learn more about 318 E Albanus Street? Do you have questions about finding other Lots/Land real estate for sale in Philadelphia? You can browse all Philadelphia real estate or contact a Coldwell Banker agent to request more information.
