507 COBBS CREEK PARKWAY, PHILADELPHIA, PA 19143

$438,500

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… Read More 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! Read Less

Courtesy of Jim Roche, KW Empower [email protected]

Listing Snapshot

Days Online

Last Updated

Jul 16, 2025

Property Type

Townhouse

Square Ft.

2,791

Lot Size

0.04 Acres

Year Built

1925

MLS Number

PAPH2510282

30 Days Snapshot Of 19143

$266k

+6%

(avg) sold price

+21%

homes sold

-1%

(avg) days on market

Snapshot

Area Map

Additional Details

Appliances & Equipment

Refrigerator, Stove, Microwave

Basement

Fully Finished

Building

2,791 sqft living area, Built in 1925, Major renovation in 2025, Structure Type: End of Row/Townhouse, 2 units in building, 3 levels in building, Traditional, Brick, Concrete

Cooling

Central Air, Natural Gas, Central A/C

Floors

Luxury Vinyl Plank

Foundation

Brick/Mortar

Heating

Natural Gas, Forced Air

Interior Features

Dining Area, Floor Plan - Open, Kitchen - Gourmet, Walk-in Closet(s)

Lot

1,794 sqft, 0.04 acres

Property

Other Structures: Above Grade, Below Grade, Other Units: Unit 1, Unit 2, View: Creek/Stream, Park/Greenbelt, Trees/Woods, 1 three-bedroom unit, 1 two-bedroom unit

Roof

Flat

Sewer

Public Sewer

Taxes

City/Town Tax: $607, City/Town Tax Pymnt Freq: Annually, School Tax: $772, Tax Annual Amount: $1,380, Tax Year: 2024

Utilities

Hot Water: Electric, Electric Available, Natural Gas Available, Sewer Available, Water Available

Windows

Energy Efficient

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