Olney Homes under $500,000

Olney Homes under $500,000

Welcome to Olney, a vibrant and diverse neighborhood nestled in the heart of Philadelphia, Pennsylvania. Known for its rich cultural tapestry and strong sense of community, Olney offers a unique blend of urban convenience and suburban charm, making it an ideal place to call home.

One of the standout features of Olney is its affordability, particularly for first-time homebuyers and families looking for value. With a selection of homes available for under $500,000, you can find a variety of options that cater to different lifestyles and preferences. From cozy single-family homes with inviting front porches to modern townhouses with updated amenities, Olney provides a range of choices that fit your budget without compromising on quality or comfort.

The neighborhood boasts a host of local amenities, including parks, schools, and shopping centers, all within easy reach. Residents enjoy the convenience of public transportation, making commutes to downtown Philadelphia a breeze. Olney is also known for its rich history and vibrant community events, ensuring there’s always something happening just around the corner.

For families, Olney is home to several well-regarded schools and recreational facilities, fostering a nurturing environment for children to grow and thrive. With its friendly neighbors and active community organizations, you’ll quickly feel at home in this welcoming enclave.

Explore the possibilities that await you in Olney, where affordable living meets the warmth of community spirit. Discover your dream home today and become a part of this dynamic Philadelphia neighborhood!

Newest Olney Homes under $500,000

210 W Albanus St, Philadelphia
$90,000
3 Beds ⋅ 1 Baths
An excellent investment opportunity awaits at 210 W Albanus Street in Philadelphia's Olney neighborhood! This tenant-occupied, 3-bedroom, 1-bathroom rowhome offers investors the opportunity to acquire an existing rental property in an established residential community. Conveniently situated near local shopping, schools, public transportation, and major roadways, the property provides accessibility to everyday essentials and surrounding Philadelphia neighborhoods. Whether you're expanding your real estate portfolio or seeking your next rental investment, this property is worth exploring. Currently rented and tenant-occupied. Contact us today for additional information and showing arrangements! *Some photos may have been virtually enhanced or digitally edited for marketing purposes.

210 W Albanus St, Philadelphia

Listing courtesy of TCS Management, LLC. Contact:

4856 N 8th St, Philadelphia
$115,000
3 Beds ⋅ 2 Baths
3-bedroom, 2-bathroom property in the Olney neighborhood of Philadelphia. The property being sold strictly as-is. Cash or hard money financing only. Schedule your showing today. Seller is a licensed Pennsylvania real estate agent and has an ownership interest in the property

4856 N 8th St, Philadelphia

Listing courtesy of Realty Mark Associates. Contact:

132 W Spencer Ave, Philadelphia
$234,900
3 Beds ⋅ 1 Baths
This 3-bedroom, 1-bathroom home offers comfortable living with recent interior updates. Enjoy updated flooring, refreshed kitchen cabinets, and countertops that bring a modern touch to the home. One of the standout features is the attached garage, providing the convenience of your own dedicated parking space—no more searching for street parking! With a functional layout, inviting living spaces, and the added convenience of private garage parking, this property is a great opportunity for first-time homebuyers or investors looking to expand their portfolio. Schedule your showing today and discover all this home has to offer!

132 W Spencer Ave, Philadelphia

Listing courtesy of Realty Mark Cityscape. Contact:

1427 W Fisher Ave, Philadelphia
$369,900
6 Beds ⋅ 4 Baths
Get ready! This beauty is hitting the market soon! This home was renovated in 2021 and has been lovingly cared for by the current owner. If you're in the market for a twin home boasting over 3,000 sq ft of living space with six bedrooms, 3.5 baths, finished basement, enclosed porch, and one car garage, this one is a must see! Home qualifies for a rate reduction with select lenders as well as the Philly First Grant. Additional photos and more information to come!

1427 W Fisher Ave, Philadelphia

Listing courtesy of Keys & Deeds Realty. Contact:

5829 N Hope St, Philadelphia
$194,000
3 Beds ⋅ 1 Baths
Nestled in the charming Olney neighborhood, this updated interior row townhouse pairs classic 1945 character with modern comfort, plus two features buyers rarely find together at this price: a fully finished basement and an attached garage. Step inside to a warm, inviting layout with 1,260 square feet of finished living space and three well-sized bedrooms. The main living areas are filled with natural light, and the straight-thru floor plan keeps everything flowing, which makes hosting easy. Downstairs, the finished basement adds real flexibility. Use it as a family room, home office, gym, or creative studio, whatever fits your life. The attached garage gives you secure, off-street parking and extra storage, and there’s additional driveway and on-street parking for guests. The kitchen is ready for your personal touch, a great opportunity to customize to your taste. All of this sits in a well-established community close to local parks, dining, and everyday conveniences. Historic charm, practical upgrades, and space to grow: this one is worth a look. Schedule your showing today.

5829 N Hope St, Philadelphia

Listing courtesy of Compass Pennsylvania, LLC. Contact:

275 W Wellens St, Philadelphia
$234,500
3 Beds ⋅ 1 Baths
Fall in love with your new home this season! 🍂 This beautifully renovated 3 bedroom, 1 bathroom home has been completely transformed from top to bottom and is ready for its new owner! Step inside to discover a fresh, modern interior featuring a stunning updated kitchen with quartz countertops, classic subway tile backsplash, and brand new stainless steel appliances. Enjoy the comfort of central air conditioning, the convenience of a main-floor laundry nook with washer and dryer hookups, and a fully finished basement offering additional living or entertaining space. Additional features include brand new flooring, baseboard molding and recessed lighting throughout, and a fenced-in backyard perfect for relaxing or hosting gatherings. Thoughtfully updated, this cozy home offers modern finishes, comfort, and convenience all in one. Located close to major roadways, this home provides an easy commute to all areas of the city and suburbs. With the holidays right around the corner, now is the perfect time to make your move and celebrate the new year in a home of your own. Schedule your showing today!

275 W Wellens St, Philadelphia

Listing courtesy of Keller Williams Main Line. Contact:

4851 N Lawrence St, Philadelphia
$239,500
3 Beds ⋅ 2 Baths
Welcome to 4851 N Lawrence Street! This beautifully updated 3-bedroom, 1.5-bath row home is move-in ready and offers modern style with everyday comfort. Step inside to discover a refreshed interior featuring a brand-new kitchen with updated countertops and new stainless steel appliances. New windows add to the home's appeal, while thoughtful updates throughout create a fresh, inviting feel. With three bedrooms, one full bath, and a convenient half bath, this home offers a functional layout with room to make it your own. Whether you're a first-time homebuyer or looking for your next investment opportunity, this updated Philadelphia home is one you won't want to miss. Schedule your showing today!

4851 N Lawrence St, Philadelphia

Listing courtesy of Keller Williams Real Estate-Langhorne. Contact:

5600 N Sydenham St, Philadelphia
$270,000
**CORNER RENOVATED TRIPLEX FULLY RENTED NEAR LA SALLE**This property is part of a 10-piece multi family portfolio consisting of (7) Duplexes and (3) Triplexes. The 3-story, 3 unit building has a total monthly rent of $4,383. Landlord pays water, tenants pay electric and gas. The building consists of (1) Studio apartment, (1) 1 bed/1 bath and (1) 3 bed/1 bath all in great condition with each unit having their own entrance. This package is a nice long-term investment and will offer a good yield as Philadelphia continues to build momentum. All offers will be presented and proof of funds with financial strength is required. Seller is requesting to sell all 10 assets together but is open to singles and groups with the right offer. Any deposit checks or wires must be received within 48 hours of a signed agreement of sale. The full list of properties is available upon request.

5600 N Sydenham St, Philadelphia

Listing courtesy of KW Empower. Contact:

269 W Wellens Ave, Philadelphia
$150,000
3 Beds ⋅ 1 Baths
3 bedroom, 1 bathroom rowhome in the Olney section of Philadelphia. Near shops & transportation. Property will need updating and/or repairs.

269 W Wellens Ave, Philadelphia

Listing courtesy of HomeSmart Realty Advisors. Contact:

210 Albanus St, Philadelphia
$268,000
2 Beds ⋅ 3 Baths
Investment Opportunity | Turnkey Duplex with Value-Add Potential ! Welcome to 210 E Albanus Street, a beautifully updated duplex offering immediate cash flow with significant upside. Whether you're an investor looking to expand your portfolio or a first-time homebuyer hoping to offset your mortgage, this property delivers the perfect combination of current income and future potential. The property features two updated 1-bedroom, 1-bathroom apartments, both currently occupied on month-to-month leases at $1,000 per month, providing an immediate rental income of $2,000/month. Each unit has been tastefully renovated with modern finishes, including updated kitchens with shaker cabinetry, stylish backsplash, updated flooring, fresh paint, and renovated bathrooms. Adding even more value is the huge semi-finished basement studio, already equipped with plumbing, electrical, and framing, making it an ideal opportunity to complete and create an additional income-producing unit (buyer to verify zoning and permitted use). Once finished, the basement has the potential to generate approximately $1,000/month, bringing the property's potential gross monthly income to $3,000. Major capital improvements have already been completed, including: Three updated electrical panels (one for each unit) New sewer stack pipe Semi-finished basement with utilities already in place Updated interior finishes throughout Located in the desirable Olney section of Philadelphia, this property offers convenient access to public transportation, shopping, schools, parks, and major roadways, making it attractive to both tenants and owner-occupants. Whether you're looking to house hack, add a strong cash-flowing asset to your investment portfolio, or finish the basement for even greater returns, 210 E Albanus Street is packed with opportunity. Schedule your private showing today and see the income potential for yourself!

210 Albanus St, Philadelphia

Listing courtesy of Honest Real Estate. Contact:

5218 9th St, Philadelphia
$424,900
4 Beds ⋅ 4 Baths
Wooow, The Seller will fully cover your Down Payment !!! Call today and get the Bonus- the seller is offering a 2/1 buy down on the mortgage, significantly reducing monthly payments. 📉 What is a “2/1 buydown”? A 2/1 buydown is a temporary interest rate discount paid for by the seller. It lowers your mortgage rate for the first 2 years, then returns to the normal rate. Example: Let’s say your actual mortgage rate is 6.5%: Year 1: You pay based on 4.5% (2% lower) Year 2: You pay based on 5.5% (1% lower) Year 3 and beyond: You pay the full 6.5% Additionally, the lender is providing a free appraisal to further enhance your home buying experience. This is a great chance to make your purchase more affordable. **8 Brand-New Constructions in Olney with 10-Year Tax Abatement!**Welcome to this beautiful new construction development featuring 8 thoughtfully designed homes in the Olney neighborhood of Philadelphia. Each home offers approximately 2,500 square feet of living space across three spacious levels , combining modern design, functionality, and comfortable living. This stunning 3-story home features 4 bedrooms and 3½ bathrooms, with an open and spacious layout perfect for both everyday living and entertaining. Enjoy modern finishes, generous living areas, and the peace of mind that comes with a brand-new home. **Property Highlights:** * 🏡 Brand-new construction * 📐 Approximately **2,500 sq. ft.** * 🛏️ **4 bedrooms** * 🛁 **3½ bathrooms** * 🏢 **3-story design** * 💰 **10-year tax abatement approved** * 📍 Convenient **Olney location** * ✨ Modern finishes and contemporary design * 🚗 Convenient access to transportation, shopping, restaurants, and neighborhood amenities Whether you're looking for your next home or a smart investment opportunity, this new construction offers **modern living, excellent space, and significant tax savings with an approved 10-year tax abatement**. Don't miss the opportunity to own one of 4 available left from 8 beautiful new construction homes in Olney!

5218 9th St, Philadelphia

Listing courtesy of Premier Real Estate Inc. Contact:

5248 N Marshall St, Philadelphia
$190,000
3 Beds ⋅ 1 Baths
5248 N Marshall St, renovated just a short 5 years ago is a modern finishing home with generous living space. This home features 3 spacious bedrooms and a beautifully updated bathroom with classic subway tile. The kitchen is equipped with white shaker cabinets, ample counter and cabinet space, and new stainless steel appliances. Each room is bright and airy, with large windows that fill the space with natural light. The bedrooms offer generous layouts, large closets, and plenty of room for storage. With a very large front porch which greets you right away, this one is not to be missed !

5248 N Marshall St, Philadelphia

Listing courtesy of KW Empower. Contact:

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