Olney Homes under $500,000

Olney Homes under $500,000

Welcome to Olney, a vibrant neighborhood nestled in the heart of Philadelphia, PA, where charm meets affordability! This dynamic subdivision is known for its rich cultural diversity, strong community spirit, and an array of amenities that make it an ideal place to call home.

Olney boasts a variety of homes under $500,000, making it a fantastic option for first-time buyers, families, and investors alike. Here, you’ll find well-maintained single-family homes, cozy townhouses, and spacious duplexes, each offering unique character and potential. With a range of styles and sizes, there’s something to suit every taste and budget.

The neighborhood is not just about affordability; it’s also about convenience. Residents enjoy easy access to public transportation, making commuting to downtown Philadelphia a breeze. Additionally, Olney is home to several parks, recreational facilities, and shopping centers, ensuring that everything you need is just a stone’s throw away.

Families will appreciate the proximity to quality schools and educational institutions, while local restaurants and cafes offer a taste of the diverse culinary scene that Philadelphia is renowned for.

Whether you’re looking to settle down or invest in a growing community, Olney stands out as a welcoming and affordable option in the bustling city of Philadelphia. Explore the possibilities today and discover your perfect home in Olney, where comfort and community come together beautifully!

Newest Olney Homes under $500,000

114 W Chew Ave, Philadelphia
$130,000
3 Beds ⋅ 1 Baths
Investor Opportunity in Olney! Calling all investors and handy homebuyers! Located in Philadelphia’s Olney neighborhood, 114 W Chew Ave offers an opportunity to bring your vision to life and build equity. Whether you’re looking for your next investment property or a first home with potential, this property is ready for someone to roll up their sleeves and make it their own. With the right updates and a little TLC, this 3 bedroom, 1 bath home offers the chance to customize the space to your taste or unlock its investment potential. Comes with a large driveway and attached garage for parking ease. Don’t miss the opportunity to turn this diamond in the rough into something special! Bring your vision, explore the possibilities, and make this Olney property your next project.

114 W Chew Ave, Philadelphia

Listing courtesy of Keller Williams Realty. Contact:

5952 Ella St, Philadelphia
$195,000
3 Beds ⋅ 2 Baths
Welcome to 5952 Ella Street in Philadelphia. Step inside and you're greeted by a bright, sun-filled living room that gets great natural light, plus a separate dining room and kitchen. Upstairs you'll find three comfortable bedrooms and a full bathroom. The basement provides extra living space and a half bathroom. The home goes out back to the garage and driveway.

5952 Ella St, Philadelphia

Listing courtesy of KW Empower. 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. Electric is currently off please bring flashlight. 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:

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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