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$200,000
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Property Description
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!
Full Property Details
Full Property Details for 5020 Griscom St
General
- Sold For: $200,000
- Taxes: $4,199 (2025)
- Status: Closed
- Type: Single Family
- Source: BrightMLSPhilly
- MLS ID: PAPH2532816
- Added to Site: 135 day(s) ago
Interior
- Flooring: Wood
Parking
- Parking Type: On Street
Location
- Area: 19124 (19124)
- Municipality: PHILADELPHIA
- County: PHILADELPHIA
- Subdivision: FRANKFORD
- Cross Streets: Wakeling
- Driving Directions: Use GPS to 5020 Griscom Street
- Location Details: Urban
School Information
- School District: The School District Of Philadelphia
Heating & Cooling
- Cooling Type: None
- Heating Type: None
- Water Heater: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electric Available, Natural Gas Available, Sewer Available, Water Available
Structural Information
- Architectural Style: Other
- Structure Type: Twin/Semi-Detached
- Construction: Brick
- Basement: Yes
- Basement Desc.: Unfinished
- Foundation: Other
- Roof: Shingle
- Walls/Ceilings: Unfinished Walls
- Stories Description: Main
- Square Feet: 2,704
- Sq. Ft. Source: Estimated
- Living Area: 2,704 Sq. Ft.
- Finished Above Grnd: 2,704 Sq. Ft.
- Year Built: 1920
- Year Built Source: Estimated
- Property Condition: Major Rehab Needed
Unit Information
- Other Units: Unit 1, Unit 2
Lot Features
- Lot Size (Acres): 0.05
- Lot Size (Sq. Ft.): 2,178
- Lot Size Source: Estimated
- Zoning: RSA3
Financial Considerations
- Price Per Sq. Ft.: $77.63
- School Tax: $2,351
- County Tax Freq: Annually
- Tax w/Assessment: $300,000
- Tax Amount: $4,199
- Tax Year: 2025
- Terms: Standard Sale
Disclosures and Reports
- Ownership: Fee Simple
- Lot Number: 140
Listed by Luxe Real Estate LLC, Michelle Phillips
Sold by Realty ONE Group Focus, Alexis C Matos
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Schools
Schools serving 5020 Griscom St
School District:Philadelphia City School District
| Name | Grades | Distance |
|---|---|---|
Frankford High School 5000 Oxford Avenue, Philadelphia, PA 19124 | 9-12 | 0.2 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 5020 Griscom St
Date
Details
Price
Change
Source
12/16/2025
Sold
$200,000
-4.72%
MLS
10/13/2025
Price Reduced
$209,900
-6.67%
MLS
9/22/2025
Price Reduced
$224,900
-10.04%
MLS
9/04/2025
Listed
$250,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
5020 Griscom Street, Philadelphia, PA 19124 (MLS# PAPH2532816) is a Single Family property that was sold at $200,000 on December 16, 2025. Want to learn more about 5020 Griscom Street? Do you have questions about finding other Single Family real estate for sale in Philadelphia? You can browse all Philadelphia real estate or contact a Coldwell Banker agent to request more information.

