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Attention investors and developers! This spacious 2,453 sq ft, 3-story twin home in Olney offers incredible potential under Philadelphia's "RTA-1 zoning" "” a residential zoning classification that permits multi-family conversions (by right or with variance, please do your due diligence) in certain cases, making this an ideal opportunity for creating income-generating rental units or a multi-family investment. The property features 4 large bedrooms and 2 full baths, two private balconies, an eat-in kitchen with balcony access, and an open living/dining area that lends itself to flexible reconfiguration. The basement spans the full length of the house and offers high ceilings, providing excellent space for added storage, a recreation area, or potential expansion. Plus, a new HVAC system has already been installed, giving peace of mind on major mechanicals. Located near La Salle University, Girls' High, and Central High, this property is ideally positioned to attract student renters, faculty, or local professionals. With a rear driveway and garage, plus easy access to public transportation and area highways, you have all the ingredients for a high-demand rental or long-term investment. Don't miss this prime opportunity to unlock value and maximize returns in one of Philadelphia's growing neighborhoods!
Property Type(s):
Multi Family
| Last Updated | 5/5/2025 | Tract | OLNEY |
|---|---|---|---|
| Year Built | 1945 | Community | 19141 (19141) |
| County | PHILADELPHIA |
SCHOOLS
| School District | PHILADELPHIA CITY |
|---|
Additional Details
| AIR | Central Air, Electric |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Gas Oven, Gas Range, Gas Water Heater |
| AREA | 19141 (19141) |
| BASEMENT | Exterior Entry, Interior Entry, Unfinished, Yes |
| HEAT | Hot Water, Natural Gas |
| INTERIOR | Eat-in Kitchen |
| LOT | 3920 sq ft |
| LOT DIMENSIONS | 25.00 x 153.00 |
| PARKING | Off Street, On Street, Driveway |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 3+ |
| STYLE | AirLite |
| SUBDIVISION | OLNEY |
| TAXES | 4746 |
| UTILITIES | Sewer Available, Water Available, Natural Gas Available, Electricity Available |
| WATER | Public |
Location
Listing provided by Realty One Group Restore - Collegeville
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2025 BRIGHT, All Rights Reserved. Information Deemed Reliable But Not Guaranteed. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale.
Data last updated: 5/5/25 9:44 PM PDT
This IDX solution is (c) Diverse Solutions 2025.
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