Attention Investors, rock solid investment, maintenance free opportunity. Income producing (GRI $51,600) 100% occupied 4 unit all 2 bedroom apartment building located in the heart of Springfield. Units newly remodeled in 2016 including: New heaters, new wall air conditioners, new wiring, carpeting, new roof, new kitchens and modern baths. Building also features 4x 1car garages, private storage space in the basement and onsite laundry. Perfectly situated in a private cul-de-sac, close to Springfield Schools, parks, shopping, major roads and walk to public transportation. Convenient to I476, Center City & King of Prussia.
Multi-familyProperty Type
1965Year Built
7,187 sq ftLot Size
$199Est. Price/Sq.Ft.
4 car garageParking
Listed by Evans Zografakis• RE/MAX Preferred - Newtown Square
•610-325-4100 (broker)
•mdadamo@remax.net (broker)
Bought with Evans Zografakis• RE/MAX Preferred - Newtown Square
•610-325-4100 (broker)
•mdadamo@remax.net (broker)
Bought with Michael Dolente• RE/MAX Preferred - Newtown Square
Investor Alert! Beautiful 4 units! 2 bdrm, 1 bath unit each plus 4 garages, separate heating system & utilities, coin operated washer and dryer. Minutes to transportation and school.
BRIGHT MLS #PADE167090
Sep 25, 2005
Listing Removed
—
Sep 18, 2005
Listed
$455,000
$119/sq ft
BRIGHT MLS #PADE216886
Jun 20, 2001
Sold
$245,500
$64/sq ft
Jan 23, 2001
Listed
$245,500
$64/sq ft
BRIGHT MLS #PADE351256
Oct 1, 2000
Listing Removed
—
Oct 14, 1999
Listed
$259,500
$68/sq ft
BRIGHT MLS #PADE341332
Sep 27, 1999
Listing Removed
—
Jun 15, 1998
Listed
$264,000
$69/sq ft
BRIGHT MLS #PADE404862
Jun 7, 1996
Listed
$279,000
$73/sq ft
Jun 7, 1996
Listing Removed
—
Year
Property tax
Land + Additions
Assessment*
2026
$15,597 (+5.8%)
$94,710 + $407,820
$502,530
2025
$14,742 (+4.4%)
$94,710 + $407,820
$502,530
2024
$14,125 (+3.9%)
$94,710 + $407,820
$502,530
2023
$13,601 (+2.2%)
$94,710 + $407,820
$502,530
2022
$13,306 (−35.4%)
$94,710 + $407,820
$502,530
2021
$20,607
$94,710 + $407,820
$502,530
Tax history for 508 Philmar Ct
Year
Property tax
Land + Additions
Assessment*
2026
$15,597 (+5.8%)
$94,710 + $407,820
$502,530
2025
$14,742 (+4.4%)
$94,710 + $407,820
$502,530
2024
$14,125 (+3.9%)
$94,710 + $407,820
$502,530
2023
$13,601 (+2.2%)
$94,710 + $407,820
$502,530
2022
$13,306 (−35.4%)
$94,710 + $407,820
$502,530
2021
$20,607
$94,710 + $407,820
$502,530
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
8
Baths
4
Stories
2
Lot width
45 ft.
Lot depth
31 ft.
Lot size
7,187 Sq. Ft.
Year renovated
—
Sq. Ft.
3,832
Year built
1965
Style
Single Family Residential
County
Delaware County
APN
42000467311
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 19, 2026.
D
TND-3
Residential Apartment District
The D Residential Apartment District is designed to make special provisions for apartment development. The district is also designed to permit other uses related to apartments and to establish regulations to maintain or improve the character of the district.
Zone overlays
Traditional Neighborhood Development Overlay District
Permitted uses
Include but are not limited to:
Housing-Single unit
Housing-Multiple units
Public service
Park & open space
Property details
Parking
Parking Information
# of Attached Garage Spaces: 4
Garage Features: Basement Garage, Built In, Inside Access
# of Total Garage and Parking Spaces: 4
Has Garage
# of Garage Spaces: 4
Paved Driveway, Private
Attached Garage
Interior
Interior Information
Living Area Sq.Ft. Source: Assessor
Basement Information
Basement: Yes
Full, Garage Access
Exterior
Property Information
Total Below Grade Sq. Ft.: 0
Improvement Assessed Value: $189,020
Ownership Interest: Fee Simple
Year Built Source: Assessor
Building Information
# of Units (Total): 4
Construction Materials: Brick
Other Structures: Above Grade, Below Grade
Roof: Pitched, Shingle
Structure Type: Detached
Lot Information
Lot Size Dimensions: 44.58 x 30.81
Tidal Water: No
Land Information
Land Assessed Value: $45,530
Above Grade Information
Finished Sq.Ft.: 3,832
Finished Sq.Ft. Source: Assessor
Below Grade Information
Unfinished Sq.Ft. Source: Assessor
Finished Sq.Ft. Source: Assessor
Financial
Tax Information
City/Town Tax: $1,363
County Tax: $1,314
School Tax: $7,735
Tax Assessed Value: $234,550
Tax Year: 2018
Tax Annual Amount: $10,413
Assessments Information
Year Assessed: 2018
Lease Information
Existing Lease Type: Gross
Rental Information
Rent Control: No
Total Actual Rent: $51,600
Utilities
Utilities Information
Cooling Type: Wall Unit
Cooling Fuel: Electric
Circuit Breakers
Baseboard - Hot Water
Heating Fuel: Natural Gas
Hot Water: Natural Gas
Sewer Septic: Public Sewer
Water Source: Public
Location
Multi Unit Information
# of Two Bedroom Units: 4
# of Units Leased: 4
Units Furnished: None
Other Units: Unit 1,Unit 2,Unit 4,Unit 3
Gross Income: $51,600
School Information
Middle Or Junior School: RICHARDSON
High School: SPRINGFIELD
School District Name: SPRINGFIELD
Middle School Source: Listing Agent
High School Source: Listing Agent
School District Source: Listing Agent
Location Information
Directions: .
Municipality: SPRINGFIELD TWP
Public facts
Beds: 8
Baths: 4.0
Sq. Ft.: 3,832
Stories: 2.0
Lot Size: 7,187 square feet
Style: Single Family Residential
Year Built: 1965
Year Renovated: —
County: Delaware County
APN: 42000467311
Home facts updated by county records on Aug 19, 2026
Around this home
Schools
Sabold El School
Public 2-5 • Assigned • 0.5mi
10/10
Richardson Middle School
Public 6-8 • Assigned • 0.6mi
8/10
Springfield High School
Public 9-12 • Assigned • 0.7mi
10/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
7/10 Heat Factor
7 days above 103° expected this year, 16 days in 30 years
6/10 Wind Factor
27% chance of strong winds in next 30 years
4/10 Air Factor
3 unhealthy days expected this year, 6 days in 30 years
Provided by First Street
Historical weather
Springfield, PA • 19064
Average low and high temperatures (°F)
35
22
41
26
58
37
67
46
73
55
83
65
88
71
81
63
78
62
68
49
56
40
42
28
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9 hours in
June and 4.3 hours in December, placing it below the
U.S. average for solar exposure.
9 hrs
4.3 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$725,000 – $878,000
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