On the market: Three underdogs in the Philadelphia housing market
These properties have been on the market for well over a year in a city where the median days on the market before sale hovers around 80.
With new construction on nearly every corner and near-constant rental rate growth, it's hard to imagine any properties in Philadelphia as underdogs. Yet these three properties have been for sale for well over a year in a city where the median days on the market hovers around 80. At a time where we're all rooting for the underdogs, we thought we'd take a look at some dark-horse properties.
401 Gilham St.
$275,000
Monthly taxes: $270
Tell me about it: This six-bedroom Lawndale home has been on the market more than 900 days. The property features a two-car garage and a large deck. Inside, there's an in-law suite with its own kitchenette. The four-season enclosed porch is a great feature, too.
130 Ripka St.
$299,000
Monthly taxes: $248
Tell me all about it: This five-bedroom Manayunk home offers nearly 1,700 square feet of living space stretched over three floors, plus a finished basement. It's been on the market for more than 630 days despite a darling deck out back and its location just a block off Main Street.
6643 Torresdale Ave.
$294,950
Monthly taxes: $142
Tell me all about it: OK, let's get this out of the way first. This home was once a funeral parlor. But upstairs it includes two one-bedroom apartments. And out back is a separate parking lot with room for 14 cars. If you're turned off by the property's former life (which may explain why the property has been on the market for 500-plus days), there are plenty of storefront options for the 1,600-square-foot property (we'll say it again: with parking).