University City Homes under $250,000

University City Homes under $250,000

Welcome to University City, a vibrant and dynamic neighborhood nestled in the heart of Philadelphia, Pennsylvania. Renowned for its rich academic atmosphere, University City is home to prestigious institutions such as the University of Pennsylvania and Drexel University, making it a hub of innovation and cultural diversity. This lively district is not just about education; it boasts an array of parks, shops, and eateries that cater to every palate and preference.

For those seeking affordable housing options, University City offers an impressive selection of homes priced under $250,000. This is a rare gem in a city where real estate prices can often soar. These homes present an excellent opportunity for first-time buyers, young professionals, and investors alike. Imagine living just steps away from world-class universities, art galleries, and bustling farmer's markets—all while enjoying the convenience of public transportation that connects you to the rest of Philadelphia.

The homes in this price range often feature charming architectural details, cozy living spaces, and the potential for personalization. Whether you’re looking for a quaint studio or a multi-bedroom residence, University City has something to fit your lifestyle and budget.

Living in University City means embracing a lifestyle filled with energy and opportunity. With its unique blend of academic brilliance and community spirit, this neighborhood is not just a place to live; it’s a place to thrive. Don’t miss your chance to be part of this incredible community—explore the affordable homes available today!

Newest University City Homes under $250,000

3824 Melon St, Philadelphia
$210,000
3 Beds ⋅ 1 Baths
Welcome home to one of the hottest neighborhoods in Philadelphia. This house is a 3-bedroom, 1-bathroom house that was completely renovated about 5 years ago and has constantly made great rental income with low vacancy rates. You can keep it as an investment or live in the home yourself and take advantage of the growing neighborhood and equity. All three bedrooms are great sizes. It is on a quiet block close to universities in University City, close to Lancaster Avenue, and close to public transportation. Parking is available on the street. There is a long-term tenant in place paying $1950 a month, and they would like to stay. The home is located within a 30-minute drive to the airport and a 10-minute drive to Center City.

3824 Melon St, Philadelphia

Listing courtesy of Legal Real Estate LLC. Contact:

3808 Olive St, Philadelphia
$212,000
3 Beds ⋅ 1 Baths
Welcome home to one of the hottest neighborhoods in Philadelphia. This house is a 3-bedroom, 1-bathroom house that was completely renovated from the studs and built up. It features central air. Bathroom and backyard, and all three bedrooms are great sizes. It is on a quiet block close to universities in University City, close to Lancaster Avenue, and close to public transportation. Parking is available on the street. There is a long-term tenant in place paying $2,000 a month, and they would like to stay. The home is located within a 30-minute drive to the airport and a 10-minute drive to Center City.

3808 Olive St, Philadelphia

Listing courtesy of Legal Real Estate LLC. Contact:

4944 Aspen St, Philadelphia
$215,000
A LEGAL DUPLEX IN A PRIME LOCATION. This is a great duplex for a first-time homebuyer that wants to house-hack or an investor that wants to keep for the long term. The units are currently rented to tenants who pay all utilities. The unit was renovated about 6 years ago, and both units are 2-bedroom, 1-bath units and feature a nice-sized backyard. The property is current. Shopping, groceries stores are within walking distance and the property is less than a 10-minute drive to Center City and close to Lancaster Ave. Tenants pay all utilities .

4944 Aspen St, Philadelphia

Listing courtesy of Legal Real Estate LLC. Contact:

4428 Parrish St, Philadelphia
$230,000
Welcome to 4428 Parrish Street in University City. 12% CAP RATE and located In an Qualified Opportunity Zone (QOF), this is a duplex that was completely renovated from studs in 2019 features new electrical, mechanicals, kitchens, baths and central air. Great for an investor. Units are 2 bedrooms 1 bath units currently bringing in about $2600 a month. This is a great value-add for someone who wants to hold long term or for an owner-occupant who wants to house-hack. New construction is located nearby. The building also has a nice-sized fenced in backyard. The building currently generates about $2,590 a month in rent. The first-floor unit was once used as a success short-term rental. Conveniently located near public transportation, major universities, hospitals, and the expanding West Philadelphia corridor, this is an excellent opportunity for investors looking to expand their portfolio in the high-demand Philadelphia market. Property qualifies for PENN's Closing Cost Reduction Program.

4428 Parrish St, Philadelphia

Listing courtesy of Legal Real Estate LLC. Contact:

3921 Brandywine St, Philadelphia
$189,000
2 Beds ⋅ 1 Baths
Welcome to Brandywine Street, a quiet little street inches away from what's happening. Trolley lines on Lancaster Avenue whisk you to the campus of Penn or Drexel, five minutes away, or into Center City in ten minutes. This is the convenient, close, affordable alternative living option you've been looking for. Come take a look...

3921 Brandywine St, Philadelphia

Listing courtesy of Common Ground Realtors. Contact:

1337 S May St, Philadelphia
$219,900
3 Beds ⋅ 1 Baths
Beautifully renovated 3-bedroom home tucked away on a quiet residential block in University City, just steps from Saint Joseph's University (University City campus), Clark Park and the SEPTA Green Line trolley. **Qualifying buyers may be eligible for a PHFA grant of up to 5% of the purchase price toward down payment and closing costs — potentially $12,495 at the current asking price. Buyer eligibility and program requirements apply; contact listing agent for lender/program details.** Inside, the home features a renovated kitchen and bathroom, new flooring, fresh paint and window air conditioning units, creating a bright, move-in-ready living space. The home's major systems have also been well maintained, including a roof replaced within the last 10 years. A full, dry unfinished basement provides abundant storage and utility space, while the covered front porch and private rear yard offer additional space to relax or entertain. The location offers convenient access to Center City, University City's hospitals and universities, I-76, public transportation, neighborhood dining, shopping and parks. For investors, the property also offers an established rental history. Previously operated as a furnished rental for traveling medical professionals, it has generated $3,000+ per month when occupied, demonstrating its potential as a furnished or traditional rental.

1337 S May St, Philadelphia

Listing courtesy of KW Empower. Contact:

4637 Pine St Unit D511, Philadelphia
$209,000
1 Beds ⋅ 1 Baths
In the heart of West Philly's University City, this capacious 5th floor, one bedroom condominium has room for everything: a wide entry hall, an efficient kitchen with a gas range (the preferred cooking method which isn’t available in many of the complex’s other units) and an adjacent large dining space; a big, bright living room with a 5-window bay, a roomy bedroom with a combo washer/dryer closet, and a classic bath. Did you think you’d need a 2 BR because you work from home? Not really - this condo is spacious enough for multiple work stations. • The owners have painted the rooms in appealing colors and preserved all of the well-loved 1920s details that Garden Court is known for. In addition to the two leaded glass windows in this unit, eight of its standard windows have been replaced in the historic style appropriate for the building. The D building is entered from the west courtyard, where your “front yard” is beautifully landscaped with multiple spots for you to sit in the shade and enjoy summer days.• The Garden Court complex was designed by West Philadelphia developer Clarence Siegel in the 1920s in the gracious “pre-war” style which includes oversized windows, classic woodwork and hardwood flooring. Its timeless bathrooms feature leaded glass windows, ceramic tile floors and Vitrolite glass walls. The Preservation Alliance now holds a façade easement on its historic exterior. When it was built, the complex was offered as a 6-story luxury apartment development for residents who didn’t want the hassle of taking care of a house. Converted to condos in 1994, it still fills that hassle-free housing spot today. Condo amenities include a glamorous indoor year-round swimming pool, exercise room, library, meeting room, indoor bike storage, and outdoor space with gardens, fountains and koi ponds in two gated courtyards. The location is just six blocks west of the University of Pennsylvania and close to public transportation, nearby restaurants and coffee shops.

4637 Pine St Unit D511, Philadelphia

Listing courtesy of Compass Pennsylvania, LLC. Contact:

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