University City Homes under $500,000

University City Homes under $500,000

Welcome to University City, a vibrant neighborhood nestled in the heart of Philadelphia, Pennsylvania. Known for its rich academic heritage and diverse community, University City is a dynamic hub that attracts students, professionals, and families alike. With its proximity to renowned institutions such as the University of Pennsylvania and Drexel University, the area pulses with energy and innovation, making it a prime location for anyone seeking a lively urban lifestyle.

One of the most appealing aspects of University City is its accessibility to homes priced under $500,000. This makes it an attractive option for first-time homebuyers, young professionals, and investors looking to tap into Philadelphia’s thriving real estate market. The neighborhood boasts a mix of charming historic homes, modern condos, and townhouses, catering to a variety of tastes and lifestyles.

Living in University City means you’ll have access to a plethora of amenities, including eclectic dining options, boutique shopping, and cultural attractions. The picturesque parks and green spaces, such as Clark Park and Penn Park, provide perfect spots for relaxation and recreation. Plus, with excellent public transportation links, commuting to Center City or beyond is a breeze.

Whether you’re looking for a cozy apartment or a spacious family home, University City offers an exciting blend of affordability and urban living. Explore the neighborhoods and discover why so many are choosing to call this remarkable area home. Your dream home awaits in University City!

Newest University City Homes under $500,000

4428 Parrish St, Philadelphia
$230,000
DUPLEX READY FOR HOUSE HACKING- More in and start building generating wealth. This is a duplex with a 13% CAP RATE and located In a Qualified Opportunity Zone (QOF). The building was completely rehabbed in 2019 with new electrical, mechanicals, kitchens, baths and central air. The owner's unit is on the 1st floor is occupied and will be delivered vacant. It features 2 bedrooms, a modern bathroom, basement storage and a yard. The second unit is occupied paying $1354. Conveniently located near public transportation, major universities, hospitals, and the expanding West Philadelphia corridor, this is an excellent opportunity for investors looking to expand their portfolio in the high-demand Philadelphia market. Property qualifies for PENN's Closing Cost Reduction Program.

4428 Parrish St, Philadelphia

Listing courtesy of Legal Real Estate LLC. Contact:

512 N Holly St, Philadelphia
$360,000
3 Beds ⋅ 2 Baths
Welcome to 512 N Holly Street, a stylish 3-bedroom, 2-bath end-of-row home situated on a charming tree- lined street in West Powelton. Offering a functional layout with modern finishes, this home combines comfortable living with convenient access to University City and Center City. The main level features an open-concept living and dining area with hardwood floors, recessed lighting and plenty of natural light. The kitchen offers Shaker-style cabinetry, stainless steel appliances, quartz countertops and ample workspace, with direct access to the rear deck—perfect for outdoor dining, entertaining or relaxing. Upstairs, you'll find three bedrooms, including a primary bedroom with a private full bathroom, along with an additional full hall bath. The partially finished basement provides flexible bonus space that can be used as a home office, workout area, recreation space or additional storage, along with a dedicated laundry area. Conveniently located near Drexel University, the University of Pennsylvania, Lancaster Avenue, public transportation and major routes, 512 N Holly Street offers an excellent opportunity to enjoy everything West Philadelphia and University City have to offer.

512 N Holly St, Philadelphia

Listing courtesy of Real of Pennsylvania. Contact:

3843 Baring St, Philadelphia
$459,900
6 Beds ⋅ 4 Baths
Recently remolded 3 story duplex building in Historical Powelton village, walk distance to Drexel University , Penn university and Septa Bus Station Route, Unit A ( First Floor): 2 bedroom 2 full bathroom, Unit B; 4 bedroom 2 full bathroom which on each floor, brand new central air. Brand new stoves, refrigerator, washer and dryer, 2 brand new kitchen which are nice white cabinets with granite countertop , many windows which bring sunshine in, high ceiling, brand new laminate floor throughout, partial drywall are new, fresh painting,. This is a great investment opportunity in University City market, easy to rent out . also can live in one unit and rent out second floor , let some else to pay your mortgage

3843 Baring St, Philadelphia

Listing courtesy of Triamond Realty. Contact:

4938 Chestnut St, Philadelphia
$360,000
6 Beds ⋅ 2 Baths
Six Bedrooms. Historic Character. Endless Potential. Offering 1% Interest Rate Buydown for the 1st year at ZERO cost to the homebuyer when using the homeowner's preferred lender! Ask for details and see how this incentive can make owning this exceptional University City property even more attractive. Welcome to 4938 Chestnut Street, a stately 16-foot-wide row home where timeless Philadelphia character meets thoughtful updates and incredible potential. Offering approximately 2,300 square feet, 6 bedrooms, and 2 full baths, this expansive home is available to rent or purchase. As you enter, you are greeted by a spacious, light-filled mudroom adorned with beautiful decorative stained-glass windows. Thoughtfully versatile, this charming space can serve as a sophisticated entryway, a welcoming plant room, or a cozy reading nook. Step through the original vestibule and into the main level, where charming architectural details and timeless character unfold throughout the home. The main level features an oversized living room centered around a striking fireplace framed by custom millwork, serving as the room’s undeniable centerpiece and showcasing the home’s timeless character. Original moldings, stained glass windows, distinctive staircases, and new wood-look vinyl flooring create an elegant blend of historic charm and modern comfort. A gracious, separate dining room offers the perfect setting for everything from intimate dinners to lively gatherings with family and friends. The kitchen flows toward the rear of the home, opening to a spacious backyard, a rare and valuable amenity in the city. Upstairs, the second floor offers 3 generously sized bedrooms, a full bath, and additional original character, including a beautiful fireplace in the spacious front primary bedroom. The third floor adds 3 additional bedrooms and another full bath, creating an exceptionally flexible layout for a large household, roommates, guests, home offices, or future rental and multifamily possibilities. And then there is the location. Situated in the heart of University City, this home is just two blocks from the train, providing convenient access toward Center City and 30th Street Station. With universities, hospitals, restaurants, neighborhood amenities, and transportation all nearby, the location offers both convenience and long term appeal. The property is also zoned RM-1, offering potential for a multifamily conversion for investors or owner-occupants, subject to applicable zoning requirements and approvals. Whether you’re looking for a spacious primary residence, a property with rental potential, or an opportunity to bring your vision to one of University City’s most character-filled homes, 4938 Chestnut Street offers space, flexibility, character, and possibility all at an exciting price point. Schedule your showing today!

4938 Chestnut St, Philadelphia

Listing courtesy of Elfant Wissahickon Realtors. Contact:

44 S 44th St, Philadelphia
$349,900
Bring your vision to 44 S 44th Street, a substantial renovation opportunity in Philadelphia’s desirable Spruce Hill/University City area. This multi-level property offers impressive scale, abundant natural light, projecting bays and a striking contemporary façade, with significant construction already underway and the interior opened to the framing, allowing the next owner to complete and customize the project. Located just blocks from the Market-Frankford Line and convenient to the University of Pennsylvania, Drexel University, major medical and employment centers, Clark Park, Baltimore Avenue, restaurants, cafés and neighborhood amenities, the property combines strong accessibility with the character of one of West Philadelphia’s most established neighborhoods. An exciting opportunity for an investor, developer or experienced owner to take an ambitious project across the finish line and realize its full potential. Property is offered in its current condition; buyer to independently verify zoning, permitted use, permits, approvals and requirements for completion and occupancy.

44 S 44th St, Philadelphia

Listing courtesy of Vylla Home. Contact:

3836 Lancaster Ave, Philadelphia
$390,000
Excellent investment opportunity available now! Sale price of $780,000 includes both 3834 and 3836 Lancaster Avenue. Both buildings must be sold together. Each building consists of a retail store on the first floor plus a bi-level, 3-bedroom, 2-bathroom apartment above. The first-floor retail space occupies the first floor of both buildings. All utilities are separate. All three units are fully leased. Total monthly rent roll is $5,550, or $66,600 per year. This mix-use property is exceptionally well located on bustling Lancaster Avenue in University City, just minutes from Drexel University, UPENN, Penn Presbyterian Medical Center, and more. Schedule your tour today!

3836 Lancaster Ave, Philadelphia

Listing courtesy of New Age Realty Group Inc. Contact:

3834 Lancaster Ave, Philadelphia
$390,000
Excellent investment opportunity available now! Sale price of $780,000 includes both 3834 and 3836 Lancaster Avenue. Both buildings must be sold together. Each building consists of a retail store on the first floor plus a bi-level, 3-bedroom, 2-bathroom apartment above. The first-floor retail space occupies the first floor of both buildings. All utilities are separate. All three units are fully leased. Total monthly rent roll is $5,550, or $66,600 per year. This mix-use property is exceptionally well located on bustling Lancaster Avenue in University City, just minutes from Drexel University, UPENN, Penn Presbyterian Medical Center, and more. Schedule your tour today!

3834 Lancaster Ave, Philadelphia

Listing courtesy of New Age Realty Group Inc. Contact:

4913 Pentridge St, Philadelphia
$450,000
9 Beds ⋅ 5 Baths
Come get two connected parcels at 4913 and 4915 Pentridge. The framing is pretty much complete and the HVAC, plumbing, and electric roughs are started. It is fitted out to have 9 total bedrooms and 5 bathrooms. Bring your ideas and make this part of your portfolio. Parcel's can be purchased separately for 225,000 each. Total annual tax for both parcels is 10,128.

4913 Pentridge St, Philadelphia

Listing courtesy of Tesla Realty Group, LLC. Contact:

3824 Melon St, Philadelphia
$210,000
3 Beds ⋅ 1 Baths
Welcome home to one of the hottest neighborhoods in Philadelphia. This house is a 3-bedroom, 1-bathroom house that was completely renovated about 5 years ago and has constantly made great rental income with low vacancy rates. You can keep it as an investment or live in the home yourself and take advantage of the growing neighborhood and equity. All three bedrooms are great sizes. It is on a quiet block close to universities in University City, close to Lancaster Avenue, and close to public transportation. Parking is available on the street. There is a long-term tenant in place paying $1950 a month, and they would like to stay. The home is located within a 30-minute drive to the airport and a 10-minute drive to Center City.

3824 Melon St, Philadelphia

Listing courtesy of Legal Real Estate LLC. Contact:

3808 Olive St, Philadelphia
$212,000
3 Beds ⋅ 1 Baths
Welcome home to one of the hottest neighborhoods in Philadelphia. This house is a 3-bedroom, 1-bathroom house that was completely renovated from the studs and built up. It features central air. Bathroom and backyard, and all three bedrooms are great sizes. It is on a quiet block close to universities in University City, close to Lancaster Avenue, and close to public transportation. Parking is available on the street. There is a long-term tenant in place paying $2,000 a month, and they would like to stay. The home is located within a 30-minute drive to the airport and a 10-minute drive to Center City.

3808 Olive St, Philadelphia

Listing courtesy of Legal Real Estate LLC. Contact:

4944 Aspen St, Philadelphia
$195,000
A LEGAL DUPLEX IN A PRIME LOCATION. This is a great duplex for a first-time homebuyer that wants to house-hack or an investor that wants to keep for the long term. The units are currently rented to tenants who pay all utilities. The unit was renovated about 6 years ago, and both units are 2-bedroom, 1-bath units and feature a nice-sized backyard. The property is current. Shopping, groceries stores are within walking distance and the property is less than a 10-minute drive to Center City and close to Lancaster Ave. Tenants pay all utilities .

4944 Aspen St, Philadelphia

Listing courtesy of Legal Real Estate LLC. Contact:

606 N 43rd St, Philadelphia
$384,900
5 Beds ⋅ 4 Baths
Spacious 5-bedroom, 3.5-bath home offering approximately 2,540 square feet of living space in a convenient Philadelphia location. The generous floor plan provides multiple levels of living space, well-proportioned rooms, and flexibility for a variety of uses. With ample bedroom and bathroom space, this property offers an excellent opportunity for an owner-occupant, investor, or buyer looking to personalize a substantial city home. Convenient to neighborhood amenities, public transportation, major roadways, shopping, and dining. Property is vacant and easy to show. Sold AS-IS. Buyer is encouraged to perform all desired inspections and due diligence.

606 N 43rd St, Philadelphia

Listing courtesy of Vylla Home. Contact:

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