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sales rep | Brivity IDX

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5117 Warren St , Philadelphia, PA 19131
$600,000
Est. Payment: $3,241.30/mo
27620 Sqft
0.21 Acres
Status: active | Days on site: 460
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RBRKR27 - 3197649,3138028
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House Description

5117–5127 Warren Street – 6-Lot Development Package | Up to 24 Units Rare opportunity to acquire six consecutive, RM-1 zoned lots in a surging area of West Philadelphia—shovel-ready and fully cleared. Located just one block off the bustling Lancaster Avenue commercial corridor, this stretch of Warren Street is surrounded by new construction, strong rental demand, and major development momentum. This site comes with professional site planning and preliminary architectural renderings that support a 24-unit multifamily building. The proposed mix includes studios, 2-bedroom, and 3-bedroom units—perfectly suited for the neighborhood’s growing demand for workforce housing and student housing. Positioned within a Qualified Opportunity Zone (QOZ) and eligible for accelerated depreciation, this is an ideal project for long-term investors looking to build equity and generate significant tax benefits. (Buyers should consult their tax professional.) Highlights: 6 contiguous lots (5117–5127 Warren St) zoned RM-1 Preliminary site plan and renderings available for a 24-unit apartment building Fully cleared and shovel-ready In a QOZ – major tax incentives + bonus depreciation potential Surrounded by new construction, including multi-family and mixed-use projects Easy access to Center City, City Ave, and University City Unbeatable Location: 1 block to Lancaster Ave commercial corridor 0.7 mi to ParkWest Town Center (ShopRite, Lowes, Planet Fitness) Minutes to Fairmount Park, the Mann Music Center, Please Touch Museum, and Bala Golf Club Close to St. Joseph’s University, University of Pennsylvania, Drexel University, and Philadelphia College of Osteopathic Medicine (PCOM) Convenient access to Route 1, I-76, and SEPTA regional rail & trolley lines This is your chance to control a full development site in a high-growth corridor with proven rental demand and long-term upside. Build a new apartment building in a well-connected, transit-friendly, and amenity-rich neighborhood that continues to see significant public and private investment.

Highlights

Listed by William B Spinner , 8564187852 and Richard M Lauletta , 8562785509 Real Broker, LLC , 8554500442. Bright MLS

Property Type

Commercial Sale

Lot/Acreage
0.21

County

Philadelphia

Area

19131 (19131)

Neighborhood

West Philadelphia

School District

Philadelphia City

Listing ID

PAPH2521528

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Interior Features

Water:Public

Exterior Features

Lot:Corner,Horse Property: No
Zoning:residential multi-family 1-4 units, based on lot sq/ft
Others:
  • ▪ Additional:Excellent
Sewer:Public Sewer
Parking Features:On Street
Principal Interest
$3,241
Taxes
$30

Home Price

$600,000

Loan Details

30 yrs
7.148%

Down Payment

20%
$120,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$3,241.30

Principal

Taxes

Principal Taxes HOA Total
Monthly $3,241.30 $29.92 $0.00 $3,271.22
Yearly $38,895.65 $359.00 $0.00 $39,254.65
Total $1,166,869.39 $10,770.00 $0.00 $1,177,639.39
Lender profile image
Chico Gordy
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Market insight data is pulled from the same city as the listing being viewed (Philadelphia, PA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Bright MLS, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-11-14T11:13:36.000Z

© 2026 Bright MLS