Prime Development Opportunity at 167 W Cumberland St! This RM1 zoned lot is perfectly positioned for development, allowing for the construction of a 3-story structure with 2 units by right. Currently raw land, this lot provides a blank canvas for your vision with no existing plans, offering endless possibilities for customization. Key features include the potential to build an egressed basement, maximizing space and functionality. Each unit has the potential to rent for $1700 per month, providing a strong rental income stream. With an average ARV of $535k+, this is a lucrative investment opportunity. Adjacent to an empty lot, this property ensures ample space for development. A reputable builder is available to provide a rough estimate on construction costs and is ready to engage in the build, ensuring a smooth and efficient process from start to finish. Don't miss out on this exceptional opportunity to invest in a rapidly developing area and capitalize on the strong rental market. Contact us today to learn more!
Property Details
Property Features
Listing Office:
Office Name: KW Empower
Office Phone: (215) 627-3500
Listing Agent: Richard K Cassell
Lot Features
Lot Information:
Lot Size: 0.02 Acres
Other
Directions Information:
Directions: On W Cumberland St.
Municipality:
Philadelphia
Price Information
Listing Price Info
Price Summary:
List Price: $70,000
Tax Information:
Annual Amount: $164
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 $195.3K less 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: #PAPH2379786
Listing Office:
Office Name: KW Empower
Office Phone: (215) 627-3500
Listing Agent: Richard K Cassell
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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
1
/10
Isaac A. Sheppard Elementary School
120 W Cambria St
Distance between this listing and this school0.42 miles
Public District Grades KG-4
7
/10
Horatio B. Hackett School
2161 E York St
Distance between this listing and this school0.62 miles
Public District Grades KG-5
6
/10
John Moffet Elementary School
127 W Oxford St
Distance between this listing and this school0.91 miles
Public District Grades KG-5
Nearby Schools
4
/10
William H. Hunter School
2400 N Front St
Distance between this listing and this school0.13 miles
Public District Grades KG-8
2
/10
John Welsh Elementary School
2331 N 4th St
Distance between this listing and this school0.28 miles
Public District Grades KG-8
5
/10
Henry A. Brown Elementary School
1946 E Sergeant St
Distance between this listing and this school0.37 miles
Public District Grades KG-8
Nearby Schools
5
/10
Sankofa Freedom Academy Charter School
2501 Kensington Ave # 2533
Distance between this listing and this school0.31 miles
Public Charter Grades KG-12
2
/10
Kensington Health Sciences Academy
2463 Emerald St
Distance between this listing and this school0.40 miles
Public District Grades 9-12
3
/10
Kensington High School
2501 Coral St
Distance between this listing and this school0.49 miles
The neighbors living near this home have an average income of $14,181. Most Philadelphia, PA residents have annual incomes less than $35k. The majority of families are single, no kids. The majority of residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 167 W Cumberland St
What is the listing price of this property?
The listing price of 167 W Cumberland St property is $70,000.
What type of property is this?
The property 167 W Cumberland St is land located in Philadelphia, Pennsylvania, 19133.
Is this property for sale now?
Active Listing: 167 W Cumberland St is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $164 (source: MLS/based on county public records data).
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This home is located at 167 W Cumberland St in Philadelphia, PA and zip code 19133 in the Fairhill neighborhood. This home sits on a 0.02 acre lot. It has been listed on Rocket Homes since August 19, 2024 and is currently priced at $70,000.
In November 2024, from all listings sold in Philadelphia, PA there were more than 219 sold above asking price, over 523 sold below and more than 204 were sold right at the asked price. The inventory of homes for sale in Philadelphia, PA between October 2024 and November 2024 increased by 1.8%. The median list price of listings available in November 2024 was $265,372, while the average time on the real estate market was 45 days.
From Rocket Homes Real Estate and based on county public records data.
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. 
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