526 N Vodges St – Philadelphia, PA 19131

Hey Investors,

This West Philadelphia townhouse at 526 N Vodges St is a solid Buy & Hold opportunity in a dense urban rental corridor where demand for affordable 3BR units remains steady. With a moderate $37,800 repair cost (Medium condition) and strong comparable rental activity in the 19131 zip, this property can generate consistent monthly cash flow upon stabilization. The flip margin is too thin (~$20–25K net) to justify a flip exit, but a well-rehabbed rental here pencils out nicely.

Strategy: Buy & Hold | Specs: 3 BR / 1 BA | 1,080 sqft | Year Built: 1925 | Zoning: N/A

The Money & ARV:
* Target Rent: $1,400 – $1,600/mo
* Est. Rehab: $37,800 (1,080 sqft × $35 Medium — Medium rehab tier)
* Realistic ARV: $155,000 (Anchored by 5215 Master St, 601 N Wilton St comps)
* Aggressive ARV: $165,000 (Top-tier renovation potential)

Why this deal?
West Philadelphia’s 19131 rental market has shown consistent absorption of rehabbed 3BR townhouses in the $1,400–$1,600/month range, supporting strong yields on a $129K as-is basis. At a purchase price around $129K and ~$38K in rehab, your all-in cost lands near $167K — right at ARV, which means the numbers favor a buy-and-hold hold with built-in equity rather than a flip. The neighborhood has multiple multi-family and single-family comparables transacting between $120K–$165K, confirming a stable price floor. This is a straightforward value-add rental with a clear exit if you ever choose to sell into a renovated market.

PROPERTY COMPARABLES (SOLD LAST 6 MONTHS) — City | Strategy: Buy & Hold | Radius: 0.5 mi

Renovated / High-End Closed Sales
– 5215 Master St, Philadelphia, PA 19131 (0.20 mi) — Sold $155,000 | 3BD/1BA | 1,260 sqft | $123 PPSF | 02/18/26
– 601 N Wilton St, Philadelphia, PA 19131 (0.23 mi) — Sold $125,000 | 3BD/1BA | 980 sqft | $128 PPSF | 03/09/26

Mid-Tier & Value-Add Closed Sales
– 5534 Poplar St, Philadelphia, PA 19131 (0.18 mi) — Sold $100,000 | 3BD/1BA | 1,134 sqft | $88 PPSF | Recent
– 508 N 55th St, Philadelphia, PA 19131 (0.40 mi) — Sold $97,000 | 3BD/1BA | 1,254 sqft | $77 PPSF | Recent
– 5512 Poplar St, Philadelphia, PA 19131 (0.17 mi) — Sold $90,000 | 3BD/1BA | 1,134 sqft | $79 PPSF | 03/31/26
– 5112 Wyalusing Ave, Philadelphia, PA 19131 (0.24 mi) — Sold $89,000 | 3BD/1BA | 1,110 sqft | $80 PPSF | 04/14/26
– 651 N 56th St, Philadelphia, PA 19131 (0.21 mi) — Sold $78,500 | 3BD/1BA | 1,676 sqft | $47 PPSF | 04/10/26

Fixer / Shell Closed Sales (Low-Tier)
– 5723 Wyalusing Ave, Philadelphia, PA 19131 (0.30 mi) — Sold $50,000 | 3BD/1BA | 1,494 sqft | $33 PPSF | 04/13/26
– 510 N Allison St, Philadelphia, PA 19131 (0.10 mi) — Sold $35,000 | 3BD/1BA | 1,073 sqft | $33 PPSF | 04/23/26