Philadelphia Homes under $200,000

Welcome to Philadelphia, the City of Brotherly Love, where rich history meets vibrant urban living! Nestled in the heart of Pennsylvania, Philadelphia is a city that boasts a diverse culture, iconic landmarks, and a thriving arts scene. From the historic Liberty Bell to the stunning Philadelphia Museum of Art, there’s something for everyone in this bustling metropolis.

For those seeking affordable housing options, Philadelphia offers a remarkable selection of homes under $200,000, making it an ideal choice for first-time homebuyers, investors, or anyone looking to settle in a city that’s brimming with potential. Whether you’re drawn to charming row homes in neighborhoods like Fishtown or cozy condos in South Philly, you’ll find a variety of properties that cater to different tastes and lifestyles.

Living in Philadelphia means you’ll enjoy access to top-notch dining, vibrant nightlife, and a plethora of parks and recreational areas. The city’s public transportation system makes commuting a breeze, allowing you to explore everything from the historic cobblestone streets of Old City to the lively markets of Reading Terminal.

In addition to its cultural richness, Philadelphia is also home to a number of prestigious universities and hospitals, ensuring a strong job market and a vibrant community. With homes under $200,000, you can invest in a city that is not only steeped in history but is also continuously evolving and growing. Embrace the opportunity to call Philadelphia home, where every street tells a story and every neighborhood invites you to be a part of its vibrant tapestry!

Newest Philadelphia Homes under $200,000

$120,000

3 Beds ⋅ 2 Baths ⋅ PAPH2678552 MLS

Awesome opportunity for cash flow or profit in rapidly appreciating Germantown. This home has been substantially completed with with nearly $40,000 in improvements including new roof, new framing, exposed brick, new wiring, plumbing and HVAC systems. The buyer will get almost all of the materials needed to finish the job included with the sale price. Materials include siding, windows, cabinets, bath fixtures, and high end kitchen appliances. Upon completion, you will have a home that will command the highest rents and sale prices in the immediate area for its size and location. The property conveniently located right off Germantown Avenue for easy access to tons of shopping, dining and recreation (Wissahickon Park) options, as well as Lasalle College, and Septa routes. Make your appointment today. You will not be disappointed.

48 E Price St, Philadelphia

$174,999

3 Beds ⋅ 1 Baths ⋅ PAPH2678520 MLS

Charming three-bedroom brick row home in Port Richmond. Enjoy the front porch, then step inside to a living room, dining room, and a nice big updated kitchen with room for a kitchen table. Up on the third floor are three nice-sized bedrooms with an updated bathroom. The basement is great for storage and laundry, and there’s even a shower down there — a perfect bonus space, or a pet shower if you have a furry friend. Another perk is the very nice-sized backyard. A solid starter home or investment property in one of Philly’s most up-and-coming neighborhoods.

3109 Memphis St, Philadelphia

$159,999

3 Beds ⋅ 1 Baths ⋅ PAPH2678506 MLS

3 bedroom and 1 full bathroom home now available! Upon arrival, you'll notice a well kept block and ample street parking on the exterior. From there, a traditional floor plan boasting all natural light, modern kitchen, dining and living room combination on the main level. Next, 3 bedrooms, full bathroom and tons of closet space upstairs. And finally, a clean unfinished basement and large rear patio perfect for entertaining friends and family. Could it get any better? It does! It's near all the public transportation and major transit you need to make the commute a breeze so make your appointment today before it's too late!

1861 E Westmoreland St, Philadelphia

$109,900

3 Beds ⋅ 1 Baths ⋅ PAPH2678464 MLS

Enter through the enclosed front porch. Next the Living Room and Dining are open to the kitchen. There are recessed lights and Luxury plank vinyl floors. Upstairs there are 3 bedrooms and a full bathroom. There is a basement and rear yard. This property is eligible under the Freddie Mac First look until 11/6/2026.

4840 N Franklin St, Philadelphia

$169,900

3 Beds ⋅ 1 Baths ⋅ PAPH2678358 MLS

Unlock the potential of this 3-bedroom, 1-full bath rowhome located in Philadelphia's 19153 zip code. This is an excellent opportunity for investors, rehabbers or buyers looking to add value through renovation. Schedule your showing today!

7339 Garman St, Philadelphia

$45,000

3 Beds ⋅ 1 Baths ⋅ PAPH2677364 MLS

Calling all cash buyers and investors! This property presents an excellent opportunity for a full renovation and is being offered at a price designed to attract serious investors. The property is in need of a complete renovation and is being sold strictly as-is. Bring your vision, run your numbers, and bring all offers. Don’t miss the opportunity to transform this property into your next investment project.

2720 N Hicks St, Philadelphia

$170,000

3 Beds ⋅ 1 Baths ⋅ PAPH2678408 MLS

Discover a prime investment opportunity in the heart of Wissinoming! This charming twin/semi-detached home, built in 1945, boasts 1,368 sq. ft. of potential, featuring 3 spacious bedrooms and a full bath. With a solid masonry construction, this property offers a blank canvas for renovations that can significantly increase its value. The unfinished basement provides ample space for additional living areas or storage, enhancing rental appeal. Situated on a low-maintenance 0.03-acre lot, this home is perfect for investors seeking to capitalize on the growing demand for rental properties in the area. With on-street parking and a strategic location, this property is poised for strong rental returns. Whether you're looking to flip or hold, the possibilities are endless. Don't miss out on this chance to invest in a property with great potential in a vibrant community! Act now and secure your future in real estate!

4308 Comly St, Philadelphia

$124,900

3 Beds ⋅ 1 Baths ⋅ PAPH2676664 MLS

Great investment property , long time tenant ( 3 yrs ) would love to stay , currently rented for $1050.00 a month plus tenant pays all utilities . standard interior townhome Bridge /Pratt area , close to Pratt bus terminal and train to center city . Frankford ave shops 2 blocks away . Betsy Ross or Tacony bridge to NJ . Airport and center city . Closed front foyer , formal living room , dining room , kitchen with gas cooking range . Rear cement yard . Unfinished basement with laundry area . 2nd floor offers 3 nice size bedrooms with hall bathroom . 24 hr notice required for all showings . Great rental to add to any portfolio . rental license and lead paint cert all current .

5204 Duffield St, Philadelphia

$199,900

2 Beds ⋅ 1 Baths ⋅ PAPH2677862 MLS

This charming 2-bedroom, 1-bathroom townhouse in the heart of Bridesburg offers a perfect blend of comfort and convenience. This home features a classic brick front and a straight-thru design that maximizes space and functionality. Step inside to find cozy carpeted floors and a ceiling fan that adds a touch of comfort to the living areas. The full basement provides ample storage and laundry hookups, making everyday tasks a breeze. The exterior is equally inviting, with sidewalks and streetlights that enhance the neighborhood's charm. Enjoy the ease of on-street parking and the friendly atmosphere that Bridesburg is known for. Located in a vibrant community, this home is just a stone's throw away from local parks, perfect for leisurely strolls. The neighborhood boasts a variety of amenities. Franklin Towne Charter Elementary School is just around the corner. Bridesburg is a community that values connection and convenience, making it an ideal place to call home. Experience the warmth and comfort of this delightful townhouse, where every corner invites you to create lasting memories. Make your appointment today!!!

2855 Hedley St, Philadelphia

$160,000

1 Baths ⋅ PAPH2677368 MLS ⋅ The Lenox BLDG.

Welcome to 250 S. 13th Street #3G, a beautifully renovated studio in The Lenox, ideally located in the heart of Washington Square West. This approximately 406-square-foot residence has been freshly painted and features refinished hardwood floors, creating a clean and inviting city home. The condo has been refreshed with a new refrigerator, AC and microwave, while the open layout offers an efficient and comfortable space for living, dining, and entertaining. The Lenox offers classic historic character with convenient amenities including a 24-hour doorman/concierge, secure entry, elevator service, package assistance, and common laundry facilities. Enjoy an exceptional Center City location just steps from some of Philadelphia's best dining, shopping, nightlife, and entertainment. Favorites including SanPan, Pearl & Mary, and the restaurants and cafés throughout Midtown Village and Washington Square West are all within easy walking distance. Jefferson University and Hospital, Pennsylvania Hospital, Washington Square, Walnut Street, and the Avenue of the Arts are also nearby. With an exceptionally walkable location and easy access to SEPTA and PATCO, this renovated studio is an excellent opportunity for a city residence or investment. Move-in ready and perfectly positioned for everything Center City has to offer.

250 S 13th St Unit 3G, Philadelphia

$199,900

PAPH2678322 MLS

3141 Richmond St, Philadelphia

$199,900

5 Beds ⋅ 4 Baths ⋅ PAPH2678314 MLS

CALLING ALL INVESTORS! This property is the one you have been waiting for! This one will not last! This Property is being sold As-Is condition. Property is zoned RM-1, potential multi family zoning! Buyer is responsible for all certifications. Seller never occupied. Neither the seller or listing agent make any representation as to the accuracy of any information contained herein. Buyer must conduct their own due diligence, verification, research and inspections and are relying solely on the results thereof. Buyer to pay all closing costs and transfer tax.

3141 Richmond St, Philadelphia

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INFORMATION DEEMED RELIABLE, BUT NOT GUARANTEED. Listings courtesy of WEST PENN MULTILIST, INC.

Listings courtesy of Pike Wayne Association of Realtors as distributed by MLS GRID. Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.