Philadelphia — Top 5 Renovation Picks (Aug 11, 2025)

3117 N Croskey St — $35,000

  • Beds/Baths/Sqft: 2 bd / 1 ba / 896 sqft
  • Price per SqFt: $39
  • Lot size: 658 sqft
  • Year Built / Type: 1925 / Townhouse
  • Status / Last Sale: Listed (Active) / $35,000 Aug 11, 2025
  • Summary: This property is a complete shell requiring a full gut and rehab, presenting a prime opportunity for a fix-and-flip or buy-and-hold investment.
  • Renovation rationale:
    • Low price per sqft at $39, offering significant renovation potential.
    • Older property built in 1925, allowing for modernization and potential value increase.
  • Why these metrics matter for renovation:
    • The low purchase price allows for a larger renovation budget, while the older structure can be updated to meet modern standards, increasing the ARV significantly.
  • Recommended renovation ideas: Full interior renovation, including updating plumbing and electrical systems, adding modern finishes, and enhancing curb appeal.
  • View on Redfin

6253 N 5th St — $225,000

  • Beds/Baths/Sqft: 2 bd / 2 ba / 1400 sqft (estimated)
  • Price per SqFt: $161
  • Lot size: 2000 sqft
  • Year Built / Type: 1980 / Multi-Family (5+ Unit)
  • Status / Last Sale: Listed (Active) / $225,000 Aug 11, 2025
  • Summary: A value-add duplex in East Oak Lane, this property has strong upside potential with minor turnover work needed.
  • Renovation rationale:
    • Low price per sqft at $161, providing a great entry point for investors.
    • Potential to raise rents significantly, with current rents well below market.
  • Why these metrics matter for renovation:
    • The reasonable price allows for renovations without overextending the budget, while the potential for increased rental income enhances cash flow post-renovation.
  • Recommended renovation ideas: Update the vacant unit for quick leasing, enhance curb appeal, and consider modernizing the garages for additional income.
  • View on Redfin

4908 Parkside Ave — $209,000

  • Beds/Baths/Sqft: 3 bd / 1 ba / 1362 sqft
  • Price per SqFt: $153
  • Lot size: 1776 sqft
  • Year Built / Type: 1925 / Townhouse
  • Status / Last Sale: Listed (Active) / $209,000 Aug 11, 2025
  • Summary: This well-maintained rowhome features original hardwood floors and a thoughtfully renovated kitchen, making it a great candidate for further updates.
  • Renovation rationale:
    • Affordable price per sqft at $153, allowing for renovations without significant financial strain.
    • Usable lot size of 1776 sqft, providing options for outdoor enhancements or expansions.
  • Why these metrics matter for renovation:
    • The combination of price and lot size offers flexibility in renovation plans, making it possible to create additional living space or outdoor features, increasing overall property value.
  • Recommended renovation ideas: Modernize the kitchen and bathroom, enhance outdoor spaces, and consider adding a deck or patio.
  • View on Redfin

2206 Memphis St — $189,000

  • Beds/Baths/Sqft: 3 bd / 1 ba / 1166 sqft
  • Price per SqFt: $162
  • Lot size: 931 sqft
  • Year Built / Type: 1875 / Townhouse
  • Status / Last Sale: Listed (Active) / $189,000 Aug 11, 2025
  • Summary: This property in prime Fishtown is configured for a full-scale rehab, ideal for investors looking to add value.
  • Renovation rationale:
    • Competitive price per sqft at $162, making it accessible for renovation.
    • Located in a desirable neighborhood, surrounded by new construction and high-end renovations.
  • Why these metrics matter for renovation:
    • The price point and neighborhood dynamics suggest potential for high returns post-renovation, especially with the ability to reconfigure the layout to maximize space and appeal.
  • Recommended renovation ideas: Open up the layout, modernize the kitchen and bath, and enhance the facade for curb appeal.
  • View on Redfin

5304 Grays Ave — $85,000

  • Beds/Baths/Sqft: 3 bd / 1 ba / 864 sqft
  • Price per SqFt: $98
  • Lot size: 694 sqft
  • Year Built / Type: 1925 / Townhouse
  • Status / Last Sale: Coming Soon / $85,000 Aug 11, 2025
  • Summary: This rowhome in Kingsessing is sold as-is, making it ideal for a fix-and-flip or buy-and-hold investment.
  • Renovation rationale:
    • Extremely low price per sqft at $98, providing a low entry cost for investors.
    • Older home with potential for significant updates and improvements.
  • Why these metrics matter for renovation:
    • The low acquisition cost allows for extensive renovations, increasing the potential ARV significantly while keeping initial investment low.
  • Recommended renovation ideas: Complete interior overhaul, update plumbing and electrical systems, and enhance exterior for better curb appeal.
  • View on Redfin

2 Likes

Wow the price of renovation is extremely low

My brothers over there needs to see this ASAP :grinning_face_with_smiling_eyes:

Sharing this with my sister there