Attention real estate developers and investors: this is a rare and highly sought-after opportunity you won’t want to miss! Located in the HEART OF THE POPULAR expanding Olde Richmond East neighborhood just steps from the Delaware river waterfront this property offers IMMENSE POTENTIAL for a complete rehab. With its prime location, this is an ideal project for those looking to make their mark in one of Philadelphia's most vibrant and burgeoning communities. If you're looking for your next major project this BLANK CANVAS PRESENTS ENDLESS POSSIBILITIES. Bring your creativity, vision, and expertise to transform this property into a stunning and unique corner masterpiece, just steps away from fantastic dining, local shops, and popular hotspots. This property is ready for a full renovation, offering the freedom to truly make it yours whether you’re looking to CREATE A LUXURIOUS HOME OR A LUCRATIVE INVESTMENT. Don't miss out on this rare opportunity to acquire a property with significant upside potential in one of Philadelphia's most desirable and popular neighborhoods. This is your chance to invest in a thriving area that is still growing. This is a single detached home which has been gutted with architectural plans completed for 3 bed 3 bath. Ready for contractors to begin. 18 foot wide and 3 stories with plans for a roof deck, and addition to the 3rd floor. Potential to complete underpinning to make basement ceiling 8' Plus potential for curb cut and off street parking in the back yard. Perfect for the contractor looking for the next project or the new homeowner who wants the dirty work already done! Properties on the area are being valued in the mid $500's range, new construction is going in the upper 500's low 600's... This property is a RARE corner single family DETACHED home in a popular neighborhood!!
For sale
Price cut: $10K (7/25)
$229,000
2612 E Thompson St, Philadelphia, PA 19125
3beds
2,442sqft
Est.:
Single Family Residence
Built in 1875
894 Square Feet Lot
$221,600 Zestimate®
$94/sqft
$-- HOA
What's special
- 28 days
- on Zillow |
- 1,760 |
- 74 |
Zillow last checked: 7 hours ago
Listing updated: August 09, 2025 at 03:18am
Listed by:
Melissa Purnell 267-273-3440,
RE/MAX Access 2154002600
Source: Bright MLS,MLS#: PAPH2517050

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
- Main level bathrooms: 1
Rooms
- Room types: Living Room, Dining Room, Kitchen, Family Room, Laundry
Dining room
- Level: Main
Family room
- Level: Lower
Kitchen
- Level: Main
Laundry
- Level: Lower
Living room
- Level: Main
Heating
- None, Natural Gas
Cooling
- None
Appliances
- Included: Gas Water Heater
- Laundry: In Basement, Laundry Room
Features
- Open Floorplan, Other
- Basement: Other,Partial,Full,Exterior Entry
- Has fireplace: No
Interior area
- Total structure area: 2,442
- Total interior livable area: 2,442 sqft
- Finished area above ground: 2,021
- Finished area below ground: 421
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Levels: Three
- Stories: 3
- Pool features: None
- Has view: Yes
- View description: City
Lot
- Size: 894 Square Feet
- Dimensions: 18 x 48
- Features: Corner Lot, Corner Lot/Unit
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 312125200
- Zoning: RSA5
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Other
- Property subtype: Single Family Residence
Materials
- Masonry, Brick
- Foundation: Slab
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1875
Utilities & green energy
- Electric: 100 Amp Service
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Available, Natural Gas Available, Sewer Available, Water Available
Community & HOA
Community
- Subdivision: Port Richmond
HOA
- Has HOA: No
Location
- Region: Philadelphia
- Municipality: PHILADELPHIA
Financial & listing details
- Price per square foot: $94/sqft
- Tax assessed value: $222,500
- Annual tax amount: $3,115
- Date on market: 7/15/2025
- Listing agreement: Exclusive Agency
- Listing terms: Cash
- Ownership: Fee Simple
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