Prime development parcel in Germantown, one of the fastest-growing submarkets in Philadelphia, Pennsylvania. This site is fully entitled (all plans and permits included) to build 46 market-rate apartments atop 750 SF of ground floor commercial space and 10 parking spaces with a panoramic rooftop terrace showcasing views of the Wissahickon Woods. 6 studios, 32 1bd and 8 2bd units create a diverse unit mixture. The total building size is 43,245 SF throughout 5-storeys. There are multiple new developments progressing along the Avenue and local favorites Weavers Way Grocery and Ultimo Coffee are just a short stroll away, as is the Chelten Avenue Septa regional rail line (Chestnut Hill West) which connects directly into Center City and University City. Jefferson University, Germantown Friends School and William Penn Charter (3 highly- esteemed local schools) are each less than 5 minutes away. The area is exploding with positive growth driven by surging rental, retail and investment demand. Enquire within for PPP (plans, pro forma, permits). FULL 10 YEAR TAX ABATEMENT.
Property Details
Property Features
Listing Office:
Office Name: Compass Pennsylvania, LLC
Office Phone: (267) 448-3744
Listing Agent: Ryan J McManus
Exterior Features
Exterior Information:
View: City
Lot Features
Lot Information:
Lot Size: 0.29 Acres
School Info
Assigned Schools Information:
Samuel Fels High School, Public District Grades 9-12
Grover Washington, Jr. Middle School, Public District Grades 5-8
James R. Lowell Elementary School, Public District Grades PK-4
Other
Directions Information:
Directions: FROM LINCOLN DRIVE TURN ONTO WISSAHICKON AVENUE THEN TURN ONTO CHELTEN AVENUE. PROPERTY IS ON RIGHT HAND SIDE APPROX. 2.5 BLOCKS NORTH.
Municipality:
Philadelphia
Price Information
Listing Price Info
Price Summary:
List Price: $1,675,000
Tax Information:
Annual Amount: $1,669
Tax Year: 2020
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Philadelphia, PA.
This property is $1.4M more than the Median Sold Price in Philadelphia, PA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: BRIGHT
MLS Number: #PAPH2162638
Listing Office:
Office Name: Compass Pennsylvania, LLC
Office Phone: (267) 448-3744
Listing Agent: Ryan J McManus
Information Deemed Reliable But Not Guaranteed. 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 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. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
4
/10
James R. Lowell Elementary School
450 W Nedro Ave
Distance between this listing and this school0.49 miles
Public District Grades PK-4
Middle School
6
/10
Grover Washington, Jr. Middle School
201 E Olney Ave
Distance between this listing and this school0.82 miles
Public District Grades 5-8
High School
4
/10
Samuel Fels High School
5500 Langdon St
Distance between this listing and this school1.81 miles
Public District Grades 9-12
Assigned Schools
4
/10
James R. Lowell Elementary School
450 W Nedro Ave
Distance between this listing and this school0.49 miles
Public District Grades PK-4
Nearby Schools
4
/10
Thomas K. Finletter Academics Plus School
6100 N Front St
Distance between this listing and this school0.34 miles
Public District Grades KG-8
2
/10
Ellwood Elementary School
6701 N 13th St
Distance between this listing and this school0.97 miles
Public District Grades PK-5
Assigned Schools
6
/10
Grover Washington, Jr. Middle School
201 E Olney Ave
Distance between this listing and this school0.82 miles
Public District Grades 5-8
Nearby Schools
5
/10
Eugenio Maria De Hostos Charter School
6310 N 2nd St
Distance between this listing and this school0.05 miles
Public Charter Grades KG-8
4
/10
General Louis Wagner Middle School
1701 W Chelten Ave
Distance between this listing and this school1.29 miles
Public District Grades 6-8
Assigned Schools
4
/10
Samuel Fels High School
5500 Langdon St
Distance between this listing and this school1.81 miles
Public District Grades 9-12
Nearby Schools
4
/10
Aspira Olney Charter High School
100 W Duncannon Ave
Distance between this listing and this school1.20 miles
Public Charter Grades 9-12
6
/10
Girls High School
1400 W Olney Ave
Distance between this listing and this school1.28 miles
The neighbors living near this home have an average income of $38,929. The majority of Philadelphia, PA residents have income between $35k-100k annually. The majority of families are single, no kids. Most residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Living In East Oak Lane, Philadelphia
What type of housing is available in East Oak Lane, Philadelphia?
In East Oak Lane, about one third of dwellings are townhouses, but large apartment buildings, small apartment buildings, and single detached homes are also present in the housing stock. This part of Philadelphia offers mainly two bedroom and three bedroom homes. Around two thirds of the population of this neighborhood own their home while the remainder are renters. Most of the housing growth in this part of Philadelphia happened pre-1960.
Is East Oak Lane, Philadelphia a good place to live?
The character of East Oak Lane is exemplified by its calm environment. This part of Philadelphia is quiet, as there are usually low levels of noise from traffic. Finally, it is easy to reach green spaces from most locations within the neighborhood since there are a few of them nearby for residents to relax in.
Are things conveniently located in East Oak Lane, Philadelphia?
In this neighborhood, locals will usually be able to access both primary and secondary schools by walking. At the elementary level, both public and private schools can be found. When it comes to food, it is usually feasible for house buyers in this part of the city to purchase their groceries on foot. Likewise, there are a fair number of choices in close proximity for those who care about restaurants and cafes.
What does the transportation in East Oak Lane, Philadelphia look like?
East Oak Lane provides house buyers with several alternative methods of transportation. This part of the city features a very good public transit infrastructure due to a few nearby bus lines. Commuting by car is also easy in this area because finding a place to park isn't generally too bothersome. East Oak Lane is especially conducive to walking; most common errands can be run without the use of a car, and many businesses are reasonably nearby.
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Frequently Asked Questions About 226 W Chelten Ave
What is the listing price of this property?
The listing price of 226 W Chelten Ave property is $1,675,000.
What type of property is this?
The property 226 W Chelten Ave is land located in Philadelphia, Pennsylvania, 19144.
Is this property for sale now?
Active Listing: 226 W Chelten Ave is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 226 W Chelten Ave are: James R. Lowell Elementary School: GreatSchools Rating 4/10Grover Washington, Jr. Middle School: GreatSchools Rating 6/10Samuel Fels High School: GreatSchools Rating 4/10
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $1,669 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on August 26, 2021 for $69,000. (source: MLS/tax record).
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This home is located at 226 W Chelten Ave in Philadelphia, PA and zip code 19144 in the East Oak Lane neighborhood. This home sits on a 0.29 acre lot. It has been listed on Rocket Homes since September 22, 2022 and is currently priced at $1,675,000.
In February 2024 more than 152 listings in Philadelphia, PA were sold above the asking price. During the same period more than 151 listings were sold at asking price, while more than 450 were sold below. The number of homes for sale in Philadelphia, PA increased by 4.3% between January 2024 and February 2024. While the average time on the market in February 2024 was 55 days, the median list price was $257,378.
From Rocket Homes Real Estate and based on county public records data.