507 Cobbs Creek Parkway, Philadelphia, PA 19143-1018 $438,500

Interior Sq. Ft: 2,791
Acreage: 0.04
Age:100 years
Taxes: $1,380
Subdivision: Cobbs Creek
Design/Type:
End of Row/Townhouse
Description
Over 2700SqFt Fully Renovated Legal Duplex in Cobbs Creek – Ideal for Investors / Owner-Occupants! Welcome to 507 Cobbs Creek Parkway — a completely renovated, park facing duplex offering modern living, strong rental income potential, and the opportunity to live in one unit while renting the other. Perfectly suited for both savvy investors and first-time buyers, this turnkey property features a large 3 bedroom, 2.5 bath and a spacious 2-bedroom 1 bath unit. Each unit was thoughtfully updated with high-end finishes and contemporary comfort in mind. If you’re an investor, this handsome asset will be your best yet. All systems were updated with the renovation. All utilities are separately metered. Property values in the 19143 Zip code have increased by 15.5% year over year. The city has invested $15+ million into the improvement of the Cobbs Creek recreation center, and nearby parks and trails. The future is bright. Owner Occupants! Enjoy an expansive living room and kitchen for your use, with enough cabinet, counter and table space for your family and future hosting. The basement unit has a separate entrance. Can someone say house hack? Life is sweet. Property Highlights: Each unit boasts brand-new kitchens with quartz countertops, stainless steel appliances (refrigerator, microwave, oven), sleek, fully updated bathrooms, new roof, new plumbing, upgraded electric, and all renovations were fully permitted and approved by the City of Philadelphia — this is a legal duplex. Comfort & Efficiency: Brand-new HVAC systems and recessed lighting throughout, along with durable vinyl plank flooring and energy-efficient new windows. Convenience: Washer/dryer plug ins in each unit, open-concept layouts, and separate electrical systems with 125-amp service. Parking & Outdoor Space: Ample street parking along Cobbs Creek Parkway and nearby cross streets. Unit 1 enjoys access to rear parking and a private rear deck for outdoor enjoyment. Tax Abatement Approved: Take advantage of long-term tax savings. Strong Investment Potential for passive income: Estimated annual rental income of $40,800. Located in the desirable Cobbs Creek section of West Philadelphia, this duplex offers excellent access to public transportation (the El line is a 13 minute walk away, the 42, 46 and 21 buses are 2-5 blocks away. The house is across the street from the picturesque Cobbs Creek Parkway, local parks, and nearby shopping and dining. Whether you’re looking to invest or settle into a home that pays for itself, 507 Cobbs Creek Pkwy delivers quality, value, and flexibility. Schedule your tour today!
Home Assoc: No
Condo Assoc: No
Basement: Y
Pool: No Pool
Features
Utilities
Forced Air Heating, Natural Gas, Central A/C, Natural Gas, Hot Water - Electric, Public Water, Public Sewer, Electric Available, Natural Gas Available, Sewer Available, Water Available
Garage/Parking
On Street
Interior
Dining Area, Floor Plan - Open, Kitchen - Gourmet, Walk-in Closet(s), Fully Finished Basement, Luxury Vinyl Plank Flooring, Energy Efficient Windows
Exterior
Brick/Mortar Foundation, Flat Roof, Brick Exterior, Concrete Exterior
Lot
Creek/Stream View, Trees/Woods View, Park/Greenbelt
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Public Elementary (113 schools)
Public Middle (18 schools)
Public High (44 schools)
Private (122 schools)
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This report is a detailed community overview for Philadelphia (19143), Pennsylvania.
Community Quick Facts
- Average travel time to work for people in this community: 36
- Average salary of people in this community: $37,100
Community Summary
- Population Density (ppl / mile): 19,911
- Household Size (ppl): 2.55
- Households w/ Children: 61%
Housing Inventory
- Owned: 11,948 (39.1%)
- Rented: 13,154 (43.0%)
- Vacant: 5,482 (17.9%)
- Total: 30,584
Population Demographics
The population of the community broken down by age group. The numbers at the top of each bar indicate the number of people in the age bracket below.
Climate and Weather
The Temperature chart displays average high and low values for January and July, and is designed to provide an indication of both seasonal and daily temperature variability. The Weather Risk Index indicates the calculated risk of each type of weather event occurring in the future. This risk is based on historical localized storm events and weather patterns. The national average for each type of weather event equals a score of 100, so a score of 200 would represent twice the risk as the national average, and a score of 50 would represent half the risk of the national average.
Temperature
Education
Highest Level of Education Attained
- Less than 9th Grade: 4.0%
- Some High School: 9.8%
- High School Graduate: 35.2%
- Some College: 20.5%
- Associate Degree: 5.1%
- Bachelor's Degree: 14.2%
- Graduate Degree: 11.2%
Income by dollar range
Median Income: $34,579
Fair Market Rents
The Fair Market Rents show average gross rent estimates based on figures provided by the U.S. Department of Housing and Urban Development (HUD).
- Studio: $755
- One Bedroom: $873
- Two Bedroom: $976
- Three Bedroom: $1,000
- Four Bedroom: $1,015
© 2025 LiveBy. All Rights Reserved.
Contact Information
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Listing Courtesy of: KW Empower , vicki@kwempower.com
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Patterson-Schwartz Real Estate participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information Deemed Reliable But Not Guaranteed.
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Listing data as of 7/02/2025.
Broker Compensation
An offer of broker compensation or seller concession is not a guarantee. All compensation offers and concessions are negotiable and subject to written agreement between the parties. Please consult with your real estate agent for more information.