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Photo of 421 W Olney Avenue, Philadelphia PA
421 W Olney Avenue
Olney
Philadelphia, PA 19120
# of Units
2
2 Bdrm Units
1
Acres
0.07
Interior SqFt
1,460
Age
101
Heating
Natural Gas
Cooling
Central A/C
Water
Public
Sewer
Public
Garages
4
Taxes (2025)
2,921
Additional Details Below

Description

Have you been expanding your business and you are looking for a permanent spot for your business? This affordable Mixed-use investment opportunity located along a major commercial corridor in the Olney/Oak Lane section of North Philadelphia. This 3-unit property consists of a vacant first-floor commercial space, a fully occupied second-floor residential apartment, and a separately located 4-car garage, offering multiple income streams The first-floor commercial unit features direct access to the basement and a separate side entrance, providing flexibility for a variety of business uses. The second-floor residential unit has its own private side entrance and is currently occupied by a tenant, which theres an option to have the tenant out by 60 days after going under contract. The detached 4-car garage, located directly behind the building, provides additional rental income potential. Situated at 421 W Olney Ave, the property is surrounded by residential housing and is just one block from 5th Street. The location offers easy access to Roosevelt Boulevard, Broad Street, and Cheltenham Avenue, making it convenient for tenants and customers alike. This property presents an excellent opportunity for an owner-occupant or investor to add value by leasing the commercial space while collecting existing rental income from the residential unit and garage. Property is being sold As-Is.

Location

Driving Directions

From Cheltenham Ave, turn onto 5th Street. Drive down 1.3 miles and make a left onto W Olney Ave. The property is at the corner of W Olney Ave and N Lawrence Street

Listing Details

Summary
Architectural Type

Traditional

Garage(s)

Garage - Rear Entry, Oversized

Parking

Private, Detached Garage

Exterior Features
Exterior Features

Masonry

Utilities
Cooling

Central A/C, Electric

Heating

Forced Air, Natural Gas

Hot Water

Natural Gas

Sewer

Public Sewer

Water

Public

Property History

Date
Change
Price

Miscellaneous

Assessment : 0
Zoning: Cmx2
Lattitude : 40.036568
Longitude : -75.129585
MLS# : PAPH2631084
Views : 6
Listing Courtesy: Benjamin Wong of BHHS Fox & Roach-Blue Bell

Notes

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Presentation: © 2026 EveryHome, Realtors, All Rights Reserved. EveryHome is licensed by the Pennsylvania Real Estate Commission - License RB066839

Real estate listings held by brokerage firms other than EveryHome are marked with the IDX icon and detailed information about each listing includes the name of the listing broker.

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