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    2127-33 Penrose Ave Philadelphia, PA 19145

    Sponsored
    For Sale
    $2,149,000

    LAND - PHILADELPHIA, PA

    Lot size:
    0.33 Acres
    Days on Market:
    27
    Last Refresh:
    Jan 5 at 4:06 pm

    Property Features for 2127-33 Penrose Ave

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    0.33 Acres

    Target Realty LLC (215) 218-0939 [email protected]

    Listing agent Dat Duong (215) 218-0939

    Listing date Dec 10, 2025

    MLS# PAPH2525622 Listing URL

    Copyright © 2025 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Philadelphia Land Development Opportunity

    This property offers a chance to invest and build in a desirable area of Philadelphia. The site boasts approximately 14,398 square feet of land and includes a previously remodeled two-story, single-detached house with 2 bedrooms and 1.5 bathrooms, as well as approved parking for 4 cars and a shed. The property is zoned to allow the construction of a 3-story building with 20+ units and parking. The lot faces three streets: Penrose Avenue, facing Packer Park and the Westrum development; 22nd Street, facing Sienna Place; and Hartranft Street, facing Penrose Plaza and Dunkin Donuts. The location is steps away from FDR Park and minutes from the Navy Yard, the Sports Complex (including Welfargo and Lincoln Financial Field), the Bellwether District, and Live Hotel Casinos. Highway 95, 76, and the Walt Whitman Bridge are also nearby. The property is located in Philadelphia, PA 19145.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Delaware
    State
    Pennsylvania
    Longitude
    -75.18543
    Latitude
    39.91115

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    FAQs

    What type of property is this?
    Commercial land - Large lot near Packer Park for multifamily development.
    Where is this commercial land located?
    The property is located at 2127-33 Penrose Ave Philadelphia, PA.
    What is the asking price?
    The asking price for this property is $2,149,000.
    What are key features of this property?
    This property features: - Large 14,398 sq ft lot suitable for development.; - Zoning allows for building a 3-story structure with 20+ units and parking.; - Existing 2-story detached house with 2 bedrooms, 1.5 baths, and 4-car parking.
    (215) 218-0939
    Request Owner's contact information
    2127-33 Penrose Ave Philadelphia, PA 19145
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2127-33 Penrose Ave Philadelphia, PA 19145
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