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Yuri Naumets

Thomas Kennedy Group

homesweethomepa4u@gmail.com +1(267) 577-5300

Listed by Devorah Selber • BHHS Fox & Roach-Haverford

$ 289,900

Est. payment -/mo

Save

Price Dropped by $9K

4714 GRISCOM ST Philadelphia, PA 19124

3,750 SqFt

OPEN HOUSE

Sun May 11, 2:00pm - 3:30pm

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 3,750 sqft

Price per Sqft $77

Subdivision Frankford

MLS Listing ID PAPH2452610

Style AirLite

Abv Grd Liv Area 3,750

Originating Board BRIGHT

Year Built 1940

Annual Tax Amount $3,838

Tax Year 2025

Lot Size 2,290 Sqft

Acres 0.05

Lot Dimensions 19.00 x 118.00

Property Sub-Type Detached

Property Description

Remodeling is currently underway, and the owner is looking to sell at any stage of the rehab. 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 an assisted living or group-housing of 12 bedrooms.
Historically, this building was always multi-unit. The owner temporarily converted it to single-family to expedite permits, the new layout reflects its multi-unit potential.

ARV $850k++ (income-based valuation)

Property Overview:
• Size: 3,750 SF
• Zoning: RSA-5, previously multi-unit – strong case for grandfathering variance approval
• Current Status: Remodeling underway, available for sale at any rehab stage.
• Completed Work: Architectural plans, framing, new windows, rough plumbing, rough electrical, insulation (in progress).
• Remaining Work: HVAC, drywall, painting, flooring, kitchens, and bathrooms (Estimated Cost: $120K–$160K).

Flexible Investment Options:
• 5 Apartments (Variance Required):
o Units of 2BR/1BA, potential rents up to $1,500/month.
o Total projected rent: $7,300/month.
• Group Housing/Assisted Living (10-12 Bedrooms):
o Ideal for sober living, transitional housing, veteran programs, or assisted living.
o Projected rents: $7,000–$8,400/month.

Location

State PA

County Philadelphia

Area 19124 (19124)

Zoning RESID

Rooms

Basement Full, Rear Entrance, Side Entrance, Space For Rooms, Unfinished

Interior

Hot Water None

Heating None

Cooling None

Fireplace N

Heat Source None

Exterior

Water Access N

Roof Type Asphalt

Accessibility None

Garage N

Building

Foundation Brick/Mortar

Sewer Public Sewer

Water Public

Architectural Style AirLite

Additional Building Above Grade, Below Grade

Structure Type Unfinished Walls

New Construction N

Schools

School District Philadelphia City

Others

Tax ID 232434100

Ownership Fee Simple

SqFt Source Assessor

Acceptable Financing Cash, Variable

Listing Terms Cash, Variable

Financing Cash,Variable

Special Listing Condition Standard