1609 N PHILIP ST, Philadelphia, PA 19122

• 4 beds |
• 2 baths |
• 1,620 sqft

Property Description

Located in the desirable Olde Kensington section of Philadelphia, this 4-bedroom, 2-bath home presents a strong value-add opportunity for investors and is being SOLD IN AS-IS CONDITION with ARV potential estimated at $475K+ based on nearby renovated comps. Positioned between Olde Kensington and Fishtown, the property is surrounded by new construction and redevelopment projects, with additional developments just down the road, making it an ideal investment location. The home features a tiled main floor with a living and dining area that leads into a large eat-in kitchen with access to the rear yard, while the second and third floors offer hardwood flooring throughout with two bedrooms and a full bathroom on each level, plus balconies on the upper floors. Additional highlights include a full basement with washer and dryer and a private alleyway providing access to the backyard from the front of the home. Conveniently located near Hancock Park and Cruz Playground, as well as restaurants, nightlife, shopping, and public transportation, this property offers strong upside potential for investors looking to renovate and resell or hold as a rental in one of Philadelphia’s rapidly developing neighborhoods. At this price point, this opportunity will not last long—schedule your showing today.

Listing Status:

Active

Data Last Updated:

March 26, 2026 at 8:18PM

Listing Office:

Real of Pennsylvania : 2153675238

Listing Agent:

Matthew Marino : 2158962171

MLS ID:

PAPH2599276

Interior

• Basement: FullUnfinished
• A/C: None
• Heating: 90% Forced AirNatural Gas
• Disability Feature: None

Exterior

• General: Above GradeBelow Grade
• Style: Straight Thru

Construction

• General: Masonry3Brick/Mortar

Location

• Originating MLS: BRIGHT_MAIN
• School District: THE SCHOOL DISTRICT OF PHILADELPHIA
• County: PHILADELPHIA-PA

Lot

• Zoning: RSA5183113500

Utilities

• Water: Public
• Sewer: Public Sewer

Financial

• Source: BRIGHT_MAIN