Philadelphia (South) Homes under $200,000

**Discover Philadelphia (South): Your Gateway to Affordable Living**

Nestled in the vibrant heart of Philadelphia, the South Philadelphia subdivision is a charming blend of rich history, diverse culture, and modern conveniences. Known for its welcoming neighborhoods and strong sense of community, South Philadelphia offers a unique urban living experience that's both accessible and affordable.

For homebuyers seeking value without sacrificing quality, South Philadelphia is an excellent choice. With a variety of homes available for under $200,000, this area provides an enticing opportunity for first-time buyers, young families, and investors alike. From cozy row homes to quaint duplexes, each property exudes character and potential, making it easy to find a place that feels like home.

Living in South Philadelphia means immersing yourself in a vibrant community filled with local eateries, bustling markets, and lively parks. Enjoy the famous cheesesteaks, explore the eclectic shops along Passyunk Avenue, or take a leisurely stroll through the picturesque streets adorned with beautiful murals. The area boasts excellent public transportation options, making it convenient to access downtown Philadelphia and beyond.

In addition to its affordability, South Philadelphia is rich in cultural heritage, with annual festivals and events that celebrate its diverse neighborhoods. Whether you're a lifelong resident or new to the city, you'll find a welcoming atmosphere that invites you to be a part of its story.

Explore the possibilities in South Philadelphia today, where your dream home awaits at an unbeatable price!

Newest Philadelphia (South) Homes under $200,000

$175,000

2 Beds ⋅ 2 Baths ⋅ PAPH2677510 MLS

This property qualifies for CRA financing with 3% down, no PMI, and an interest rate lower than FHA. HWA home warranty through HWA will be included in the sale of the property. Welcome to this South Philadelphia East home offering 2 bedrooms and 1 full bathroom on the second floor. The main level features a living room with a convenient half bathroom and a kitchen providing access to both the basement with laundry and the enclosed rear yard with a fenced-in area. Located in the desirable South Philadelphia East neighborhood, this property offers convenient access to local amenities, shopping, dining, and major roadways. Nearby parks include Weinberg Park, Mifflin Square and Mifflin Square. Schedule your showing today!

529 Tree St, Philadelphia

$159,900

2 Beds ⋅ 1 Baths ⋅ PAPH2677660 MLS

Excellent value for this desired Southbrook section of South Philly highlighted by its accessibility to Center City & University City via I-76. Come take a look at this Air-lite style home with front patio, 2 spacious Bedrooms, 1 full bathroom and recently replaced roof &skylight.

1714 S Newkirk St, Philadelphia

$194,900

3 Beds ⋅ 1 Baths ⋅ PAPH2669568 MLS

Welcome to this well-maintained 3-bedroom, 1-bath home in South Philadelphia. The home features hardwood floors and has been freshly painted throughout. Conveniently located near supermarkets, public transportation, and everyday amenities. The property is in good condition and offers a great opportunity for both owner-occupants and investors. Schedule your showing today!

2316 S Franklin, Philadelphia

$139,900

2 Beds ⋅ 2 Baths ⋅ PAPH2663272 MLS

Two story row home located in the heart of South Philadelphia, offering living/dining room combination with hardwood floors, Kitchen leading to rear patio, ideal for that first cup of morning coffee or family and friends get togethers. Second floor offers two bedrooms with hardwood floors and tiled bath. Basement is partially finished with plenty of storage. Close to public transportation, shopping, area restaurants, cafes and major highways. witin minutes to Center city and the sport complexes. Proof of funds are needed with all cash offers and mortgage pre-approval is required for financed offers. Buyer is responsible for obtaining the property certification from the City of Philadelphia. The seller is the "The Secretary of Veterans Affairs". Buyer is responsible for both sides of the transfer tax. "Due to the condition, the property may have health/safety risk(s). Prioer to entry/access, all parties must sign a hold harmless agreement.

2232 S Bouvier St, Philadelphia

$199,000

3 Beds ⋅ 1 Baths ⋅ PAPH2660958 MLS

Investor Opportunity or Owner-Occupant Purchase in South Philadelphia! Don’t miss this opportunity to own a property in the Lower Moyamensing section of South Philadelphia. Conveniently located near shopping, restaurants, parks, public transportation, and major roadways, this property offers a desirable location for both homeowners and investors. The property offers the potential for an investor to renovate and add value, or for an owner-occupant to create a home tailored to their own needs. Property is being sold AS-IS. Seller will make no repairs or provide repair credits. Buyer is responsible for all inspections, certifications, due diligence, and any improvements desired after settlement. Great location + value-add potential + flexible use = an opportunity worth seeing. Schedule your showing today!

725 W Ritner St, Philadelphia

$175,000

2 Beds ⋅ 2 Baths ⋅ PAPH2659204 MLS

529 Tree St, Philadelphia

$189,900

3 Beds ⋅ 2 Baths ⋅ PAPH2656040 MLS

Recently updated, two story, 3 bedroom, 1.5 bath row located just off of 22nd and Mifflin St. in South Philadelphia. First floor features hardwood floors, powder room and newer kitchen with granite counter-tops and stainless steel appliances. Three bedroom plus full modern bath on the 2nd floor. Full clean basement plus rear patio. Great starter home for first time buyers. Special financing offered through New Rez Home Loans? Contact Listing Agent for details.

2135 Sigel St, Philadelphia

$199,000

3 Beds ⋅ 1 Baths ⋅ PAPH2647826 MLS

Welcome Home to 2553 S Reese St – South Philadelphia Move right into this charming 3 bedroom, 1.5 bath home in the heart of South Philadelphia! This well-maintained property offers the perfect blend of modern updates and classic Philly rowhome charm. Key Features: Brand new roof (2025) – peace of mind for years to come New flooring throughout the upstairs (2024) – fresh, clean, and move-in ready Remodeled upstairs bathroom (2022) – updated fixtures and finishes 3 spacious bedrooms 1.5 baths for everyday convenience Full basement – ideal for storage, laundry, or additional living space Located in a vibrant South Philly neighborhood close to local shops, restaurants, and public transit, this home is a fantastic opportunity for first-time buyers or anyone looking to plant roots in one of Philadelphia's most beloved communities. Don't miss your chance to own a home where the big-ticket updates are already done. Schedule your showing today!

2553 S Reese St, Philadelphia

$168,900

2 Beds ⋅ 1 Baths ⋅ PAPH2642036 MLS

The subject property is a traditional two-story brick rowhome located in the desirable West Passyunk neighborhood of South Philadelphia. According to public records, the home was constructed circa 1920 and contains approximately 1,018 square feet of gross living area, offering spacious living room, dining room kitchen with walk out access to rear yard. Upper level shows two bedrooms and one full bathroom. The property benefits from a convenient urban location with easy access to public transportation, major highways, Center City Philadelphia, and a wide variety of restaurants, shopping, and entertainment venues. With accessibility and proximity to neighborhood amenities as well.

2226 Sigel St, Philadelphia

$40,000

PAPH2637342 MLS

2409 N 24th St, Philadelphia

$200,000

2 Beds ⋅ 1 Baths ⋅ PAPH2627998 MLS

***PRICE IMPROVEMENT*** Motivated Seller!! Discover the charm of this beautifully maintained 2-bedroom, 1-bathroom townhouse nestled in the heart of Philadelphia's vibrant South neighborhood. Built in 1919, this residence seamlessly blends classic architectural elegance with modern comforts, offering a warm and inviting atmosphere that feels like home. Step inside to find a spacious eat-in kitchen, perfect for culinary enthusiasts and intimate gatherings. The luxury vinyl plank flooring throughout the home adds a touch of sophistication while ensuring durability and ease of maintenance. The full basement provides ample storage space or the potential for a personalized retreat, catering to your lifestyle needs. Natural light pours through the windows, enhancing the home's cozy ambiance. The thoughtful layout maximizes space, creating a seamless flow from room to room. Enjoy the convenience of on-street parking, making city living a breeze. With a lot size of just 0.02 acres, this property offers a low-maintenance lifestyle, allowing you to spend more time enjoying the vibrant community and less time on upkeep. Experience the best of urban living in a home that embodies comfort, style, and a sense of belonging. This townhouse is not just a place to live; it's a lifestyle waiting to be embraced.

2536 S Fairhill St, Philadelphia

$169,900

3 Beds ⋅ 1 Baths ⋅ PAPH2602872 MLS

New listing price! Opportunity awaits in the heart of South Philadelphia! Located just blocks from shopping, restaurants, and the vibrant Oregon Avenue corridor, this 3-bedroom, 1-bath townhouse is full of potential. Whether you're an investor searching for your next renovation project or rental property, or a homeowner looking to build equity by adding your own personal touches, this home is a fantastic opportunity. With some TLC and vision, you can transform this property into a great investment or your dream home. Enjoy unbeatable convenience with easy access to public transportation, I-95, Live! Casino, Lincoln Financial Field, Citizens Bank Park, Xfinity Live!, Philadelphia International Airport, and Center City Philadelphia. Surrounded by neighborhood amenities and major attractions, this property offers location, value, and endless possibilities. Don't miss your chance to make it your own! Buyers may also qualify for grants or local down payment assistance programs to help with purchase costs. Income limits, credit score, and program eligibility requirements apply. Schedule your private tour today!

2442 S Sheridan 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.