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$275,000 Just Listed

  • For Sale
  • Active
  • Warehouse
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Have you been expanding your business and you are looking for a permanent spot for your business? This affordable Mixed-use investment opportunity located along a major commercial corridor in the Olney/Oak Lane section of North Philadelphia. This 3-unit property consists of a vacant first-floor commercial space, a fully occupied second-floor residential apartment, and a separately located 4-car garage, offering multiple income streams. The first-floor commercial unit features direct access to the basement and a separate side entrance, providing flexibility for a variety of business uses. The second-floor residential unit has its own private side entrance and is currently occupied by a new tenant. The detached 4-car garage, located directly behind the building, provides additional rental income potential. Situated at 421 W Olney Ave, the property is surrounded by residential housing and is just one block from 5th Street. The location offers easy access to Roosevelt Boulevard, Broad Street, and Cheltenham Avenue, making it convenient for tenants and customers alike. This property presents an excellent opportunity for an owner-occupant or investor to add value by leasing the commercial space while collecting existing rental income from the residential unit and garage. Property is being sold as-is.

Full Property Details for 421 W Olney Ave

General

  • Price: $275,000
  • Taxes: $2,921 (2025)
  • Status: Active
  • Type: Warehouse
  • Source: BrightMLSPhilly
  • MLS ID: PAPH2575760
  • Updated: 1/16/2026
  • Added to Site: 3 day(s) ago

Business

  • Business Type: Hair Salon and Spa, Medical, Other/General Retail, Pr

Parking

  • Total Spaces: 4
  • Parking Features: Private
  • Parking Type: Private Garage

Location

  • Area: 19120 (19120)
  • Municipality: PHILADELPHIA
  • County: PHILADELPHIA
  • Subdivision: OLNEY
  • Cross Streets: N Lawrence Street
  • Driving Directions: From Cheltenham Ave, turn onto 5th Street. Drive down 1.3 miles and make a left onto W Olney Ave. The property is at the corner of W Olney Ave and N Lawrence Street

Heating & Cooling

  • Central air: Yes
  • Cooling Type: Central A/C
  • Cooling Fuel: Electric
  • Heating Type: Forced Air
  • Heating Fuel: Natural Gas
  • Water Heater: Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Construction: Masonry
  • Building Size: 1460
  • Year Built: 1925
  • Year Built Source: Assessor

Unit Information

  • # Tenants: Multiple

Lot Features

  • Lot Size (Acres): 0.07
  • Lot Size (Sq. Ft.): 2,900
  • Lot Size Source: Assessor
  • Lot Dimensions: 25.00 x 116.00
  • Zoning: CMX2

Financial Considerations

  • Price Per Sq. Ft.: $188.36
  • Assessment Year: 2025
  • School Tax: $1,635
  • City/TownTax: $1,285
  • City/TownTax Freq: Annually
  • County Tax Freq: Annually
  • Tax w/Assessment: $208,700
  • Tax Amount: $2,921
  • Tax Year: 2025

Disclosures and Reports

  • Ownership: Fee Simple
  • Exclusions: Tenants' personal property
  • Inclusions: Items in the basement (no monetary value)
  • Lot Number: 179

Listed by BHHS Fox & Roach-Blue Bell, Benjamin Wong

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Listing agent

— 421 W Olney Ave —

  • Benjamin Wong

    BHHS Fox & Roach-Blue Bell

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 421 W Olney Ave

School District:Philadelphia City School District
NameGradesDistance
Lowell James R School
450 West Nedro Avenue, Philadelphia, PA 19120
K-40.3 mi
Washington Grover Jr School
201 East Olney Avenue, Philadelphia, PA 19120
5-80.6 mi
Fels Samuel High School
5500 Langdon Street, Philadelphia, PA 19111
9-122 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 421 W Olney Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/16/2026
Listed
$275,000
139.13%
MLS
12/09/2020
Sold
$115,000
—
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 421 W Olney Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,921
—
$208,700
—
2024
$2,921
117%
$208,700
100%
2021
$1,344
-49%
-100%
2023
$2,657
98%
$189,800
98%
2020
$1,344
8%
$96,000
8%
2019
$1,249
-18%
$89,200
-18%
2018
$1,529
—
$109,200
—
2017
$1,529
—
$109,200
—
2016
$1,529
5%
$109,200
—
2015
$1,463
—
$109,200
—
2014
$1,463
9%
$109,200
694%
2013
$1,344
—
$13,760
—
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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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Listed by BHHS Fox & Roach-Blue Bell, Benjamin Wong

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421 W Olney Avenue, Philadelphia, PA 19120 (MLS# PAPH2575760) is a Warehouse property. 421 W Olney Avenue is currently listed for $275,000 and was received on January 16, 2026. Want to learn more about 421 W Olney Avenue? Do you have questions about finding other Warehouse 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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