$3,919 Closing Credit¹
#PAPH2344604, ARAFAT FARHAT, Listing Office: RE/MAX Preferred - Cherry Hill
$324,900 List price
4714 Griscom St Philadelphia, PA 19124
$3,858
Closing credit¹
2,528 sqft
0.05 acres
$129 / sqft
House
Property details
About 4714 Griscom St
Rare opportunity to finish a building with 13%++ cap rate!! Unlock the potential of this value-add property, where the heavy lifting of renovations has already been completed, all major structural work done- framing, windows, rough plumbing, and electrical. The current framing that has been completed enables various uses, from 5 apartments (zoning variance is required), to 4 apartments, triplex, duplex, down to extra-large single that can be used as a group-housing of 12 bedrooms. Currently zoned as RSA5, previously was zoned as multi-unit, up to 5 units. ARV $850k++ Development Options: ================= - 5-Unit Apartment Building: Requires zoning variance, previously configured as multi-unit. - 4 Units, Triplex, or Duplex: Choose the layout that suits your investment strategy. - Single-Family Group Housing: NO NEED FOR VARIANCE- Up to 12 bedrooms, perfect for high-rent group setups like transitional or veteran housing. Projected Rents: In any configuration, the total potential income (conservative estimate) $7,300/mo or $87,600 annually!: ================= - Multi-Family (5 Units): Around $1,450 to $1,500 per unit per month - Group Housing: organizations will pay over $8k a month for a 12BRs property. Remaining Work (Estimated Cost $120,000 to $160,000): ================= - Install HVAC. - Hang drywall. - Paint and lay down flooring. - Fit out kitchens and bathrooms. The building was zoned previously as multi-unit and is sold as-is, blueprints are attached
Highlights
Home typeOther
StatusActive
(ACTIVE)
(ACTIVE)
Size2,528 sqft
BasementYes
Lot size0.05 Acres
Year built1940
ParkingOff Street
MLS #PAPH2452610
Summary
- MLS Number: PAPH2452610
- MLS Name: BRIGHT
- Office Name: BHHS Fox & Roach-Haverford
- Office Phone: (610) 649-4500
- Listing Agent: Devorah Selber
- Agent Phone: (610) 212-2725
- Agent Email: devorah.selber@foxroach.com
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.
The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.
BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2025 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/15/2025, 12:20:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$324,900
4714 Griscom St
$3,858
closing credit¹
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Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| May 06, 2022 | Home Sold | $160,000 |
| May 05, 2022 | Home Sold | $80,000 |
| Jan 02, 2008 | Home Sold | $48,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $334,700 | $4,685 |
| 2022 | $334,700 | $1,800 |
| 2021 | $- | $18 |
| 2020 | $128,600 | $1,800 |
| 2019 | $123,400 | $1,727 |
| 2018 | $137,000 | $1,917 |
| 2017 | $137,000 | $1,917 |
History based on county public records data.
Nearby schools
1
John Marshall Elementary School
Public District KG-5
0.3 mi
•4500 Griscom St
4
Mastery Charter School at Smedley Elementary
Public Charter KG-6
0.6 mi
•1790 Bridge St
1
James J. Sullivan School
Public District KG-5
0.9 mi
•5300 Ditman St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $22,340. The majority of Philadelphia, PA residents have income less than $<35k annually. Residents typically live in single, no kids family. Typical level of education for residents in this area is high school diploma.
How much money do the neighbors make?
70%
<35k
26%
35k-100k
3%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
55%
Single, No Kids
28%
Single, with Kids
9%
Married, No Kids
8%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
21%
<11 yrs old
8%
12-17 yrs old
31%
18-34 yrs old
36%
35-64 yrs old
4%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Mexican League Soccer
Major League Soccer (MLS)
Where do the neighbors shop?
H&M
Burlington
Foot Locker
Where do the neighbors go to eat?
Boston Market
White Castle
Little Caesars
What do the neighbors drive?
Honda
Kia
Dodge
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Adult Contemporary
All data provided by Home Junction and Claritas
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Frequently asked questions
About 4714 Griscom St
This home is located at 4714 Griscom St in Philadelphia, PA and zip code 19124 in the Northwood neighborhood. This 2,528 square foot home, which was built in 1940, sits on a 0.05 acre lot. Features: 0 bathroom. It has been listed on Rocket Homes since March 5, 2025 and is currently priced at $324,900.
In February 2025 more than 154 listings in Philadelphia, PA were sold above the asking price. During the same period more than 166 listings were sold at asking price, while more than 396 were sold below. Between January and February 2025, Philadelphia, PA real estate market has seen increase in the number of listings by 10.7%. In February 2025, listings were on the market for 59 days. During the same period, the median list price in this real estate market was $268,469.
From Rocket Homes Real Estate and based on county public records data.