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Kiemeisha Williams

kiemeisha@kw.com +1(386) 268-0506

Listed by Katherine Vail • Elfant Wissahickon-Rittenhouse Square

$ 199,000

Est. payment -/mo

Save

Price Dropped by $26K

5230 N 2ND ST Philadelphia, PA 19120

1,688 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Twin/Semi-Detached

Listing Status Active

Purchase Type For Sale

Square Footage 1,688 sqft

Price per Sqft $117

Subdivision Oak Lane

MLS Listing ID PAPH2492912

Style AirLite

Abv Grd Liv Area 1,688

Year Built 1930

Annual Tax Amount $2,940

Tax Year 2024

Lot Size 2,591 Sqft

Acres 0.06

Lot Dimensions 20.00 x 130.00

Property Sub-Type Twin/Semi-Detached

Source BRIGHT

Property Description

Newly Repriced! This multi family property is packed with potential and primed for your vision. Once renovated, the property has the potential to generate over $41,650 in annual rental income. Even after factoring in acquisition and renovation costs, the investment offers an impressive return—delivering immediate cash flow with significant room for future appreciation. Located on a leafy, residential block in desirable Oak Lane, this spacious home offers solid bones, original charm, and multiple value-add opportunities. Interior highlights include high ceilings, large windows, and original trim work that lend character and natural light throughout. While the property requires cosmetic updates—such as new flooring, fresh paint, and general cleanup—the existing layout offers an ideal foundation for a profitable renovation. Whether you're looking for a flip or a long-term rental, this is a versatile investment. With the right improvements, it can be repositioned for higher rents or increased market value, making it a strong candidate for the BRRRR strategy or Section 8 placement post-rehab. Don't miss the chance to turn this classic triplex into a high-performing asset in a growing neighborhood.

Location

State PA

County Philadelphia

Area 19120 (19120)

Zoning RSA5

Interior

Interior Features Attic

Hot Water Natural Gas

Heating Radiator

Cooling None

Flooring Hardwood, Solid Hardwood, Wood

Fireplace N

Heat Source Natural Gas

Exterior

Water Access N

Roof Type Flat,Pitched

Accessibility None

Garage N

Building

Foundation Permanent

Sewer Public Sewer

Water Public

Architectural Style AirLite

Additional Building Above Grade, Below Grade

Structure Type Dry Wall

New Construction N

Schools

School District Philadelphia City

Others

Tax ID 422410700

Ownership Fee Simple

SqFt Source Assessor

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard