Rare Development Package – 5117 Warren St + 5 Adjacent Lots! Builders and investors—don’t miss this rare opportunity! 5117 Warren St is a large, cleared corner lot zoned RM-1, ready for a 4-unit multifamily build. Even better, this is one of six consecutive lots available—buy one and build a quad, or secure all six and build six 4-unit buildings or even a 25-unit apartment complex. The numbers work and the upside is real. This location is central and convenient—just one block from the Lancaster Ave commercial corridor and less than a mile from Parkwest Town Center, Lowe’s, the Mann Music Center, Parkside Ave, Bala Golf Club, Fairmount Park, and more. Quick access to Center City or City Ave, St. Joe’s, and the Main Line. TURNKEY POTENTIAL: We have a reputable builder who is already familiar with the project and ready to build at a GREAT price...Or bring your own builder. A brand-new 4-unit building a block away is currently listed for $1,075,000, which provides potential equity. New construction is booming in the area—get in now and ride the wave. Bonus: This property qualifies for QOZ (Qualified Opportunity Zone) incentives and accelerated depreciation benefits—making it even more attractive for savvy investors. (Always consult your tax professional to understand how these benefits may apply to you.) *owner is a licensed PA & NJ Realtor
Lot/land
$100,000
5117 Warren St, Philadelphia, PA 19131
--beds
--baths
1,503Square Feet
Unimproved Land
Built in ----
1,503 Square Feet Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 343 days |
- 30 |
- 1 |
Zillow last checked:
Listing updated:
Listed by:
William Spinner 856-418-7852,
Real Broker, LLC 8562401072,
Co-Listing Agent: Richard M Lauletta 856-278-5509,
Real of Pennsylvania
Source: Bright MLS,MLS#: PAPH2521476
Facts & features
Property
Features
- Fencing: Full
- Has view: Yes
- View description: City
Lot
- Size: 1,503 Square Feet
- Dimensions: 14.00 x 92.00
- Features: Corner Lot, Urban
Details
- Additional parcels included: Buildable 4 units by right
- Parcel number: 442182000
- Zoning: RM1
- Zoning description: residential multi-family 1-4 units, based on lot sq/ft
- Special conditions: Standard
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: West Philadelphia
HOA
- Has HOA: No
Location
- Region: Philadelphia
- Municipality: PHILADELPHIA
Financial & listing details
- Tax assessed value: $25,700
- Annual tax amount: $359
- Date on market: 7/28/2025
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional,Joint Venture,Negotiable,Private Financing Available,Other
- Ownership: Fee Simple
Estimated market value
Not available
Estimated sales range
Not available
$1,458/mo
Price history
| Date | Event | Price |
|---|---|---|
| 1/2/2026 | Price change | $900,000+800% |
Source: | ||
| 1/2/2026 | Price change | $100,000-88.9% |
Source: | ||
| 7/28/2025 | Price change | $900,000+800% |
Source: | ||
| 7/28/2025 | Listed for sale | $100,000+566.7% |
Source: | ||
| 3/1/2023 | Sold | $15,000+219.1% |
Source: Public Record Report a problem | ||
| 6/23/2006 | Sold | $4,700 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $360 +33.9% | $25,700 +33.9% |
| 2024 | $269 | $19,200 |
| 2023 | $269 +120.7% | $19,200 |
| 2022 | $122 | -- |
| 2021 | $122 | -- |
| 2018 | $122 | -- |
| 2017 | $122 | -- |
| 2016 | $122 | -- |
| 2015 | $122 | -- |
| 2014 | $122 +37.7% | $6,600 +725% |
| 2012 | $88 | $800 |
| 2011 | -- | $800 |
| 2010 | -- | $800 |
| 2009 | -- | $800 |
| 2008 | -- | $800 |
| 2007 | -- | $800 |
| 2006 | -- | $800 |
| 2005 | -- | $800 |
| 2004 | -- | $800 |
| 2003 | -- | $800 |
| 2002 | -- | $800 |
| 2000 | -- | $800 |
| 1999 | -- | $800 |
Find assessor info on the county website
Monthly payment
Estimated monthly payment$1,822
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: Carroll Park
Nearby schools
GreatSchools rating
- 4/10Heston Edward SchoolGrades: PK-8Distance: 0.3 mi
- 2/10Overbrook High SchoolGrades: 9-12Distance: 0.8 mi
Schools provided by the listing agent
- District: Philadelphia City
Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.




