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Becky Shaible

[email protected] +1(570) 971-7833

Listed by Maria Maria Quattrone Quattrone • RE/MAX @ HOME

$ 395,000

Est. payment -/mo

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Under Contract

5331 WAYNE AVE Philadelphia, PA 19144

5,000 SqFt

UPDATED:

Key Details

Property Type Townhouse

Sub Type Twin/Semi-Detached

Listing Status Under Contract

Purchase Type For Sale

Square Footage 5,000 sqft

Price per Sqft $79

Subdivision Germantown

MLS Listing ID PAPH2547552

Style Dwelling w/Separate Living Area,Unit/Flat

Abv Grd Liv Area 5,000

Year Built 1890

Available Date 2025-10-23

Annual Tax Amount $5,249

Tax Year 2025

Lot Size 2,400 Sqft

Acres 0.06

Lot Dimensions 25.00 x 96.00

Property Sub-Type Twin/Semi-Detached

Source BRIGHT

Property Description

Discover a rare investment gem in the rapidly developing Germantown neighborhood of Philadelphia. This five-unit multi-family property spanning over 5,000 Sq/Ft presents a unique chance to acquire a fantastic asset with minimal work remaining and can start cash flowing within a couple of months. With zoning approval for an on-site accessory parking space, the property offers added convenience and long-term value to both investors and tenants. Recently renovated with approximately 80% of the work completed, this property requires some additional work to be fully rent-ready—ideal for investors seeking a light rehab project in a high-growth area. Once completed and leased, this property has the potential to become a strong performer in any rental portfolio. The property currently has (4) 1 bed 1 bath units and (1) 2 bed 1 bath unit. Each unit has been updated with laminate floors throughout, brand new kitchens and baths, washers and dryers in each unit, and mini-split systems for heating and cooling. The front and back units on the second floor have decks which provide a great outdoor space really enhancing the marketability for each of those units. All units are powered by electric and have all separate meters making tenant billing and utility management straightforward and cost-effective. The projected monthly income you can expect for the 1 bed 1 bath apartments is about $1,200/month while the 2 bed 1 bath unit can be rented for $1,300/month. Rented under those conditions the property would gross $6,100/month and $73,200/year. This is a fantastic opportunity that can yield a great return on investment with huge upside potential. The property is being sold "As-Is", the seller will not be making any repairs. The buyer is responsible for obtaining the U&O. Conveniently located with a Walk Score of 86, this address offers exceptional accessibility — most errands can be accomplished without a car. The Chelten Avenue Station (Chestnut Hill West Line) is just 11 minutes away, providing an easy commute to Center City Philadelphia. Outdoor enthusiasts will appreciate nearby Kelly Playground, Happy Hollow Recreation Center, and Cloverly Park for recreation and leisure. Whether you're an investor seeking a high-performing multi-unit property, a contractor ready to complete the final touches, or a buyer looking to live in one unit and rent the rest, this Germantown multi-family opportunity delivers space, income, and location all in one package. Schedule your showing today!

Location

State PA

County Philadelphia

Area 19144 (19144)

Zoning RSA3

Rooms

Basement Full

Interior

Interior Features Bathroom - Tub Shower, Combination Kitchen/Living, Combination Dining/Living

Hot Water Electric

Heating Wall Unit

Cooling Ductless/Mini-Split

Inclusions Refrigerator, Oven Range-Electric, Dishwasher, Built-In Microwave, Washer-Front Loading & Dryer-Front Loading

Equipment Refrigerator, Built-In Microwave, Oven/Range - Electric, Washer - Front Loading, Dryer - Front Loading

Fireplace N

Appliance Refrigerator, Built-In Microwave, Oven/Range - Electric, Washer - Front Loading, Dryer - Front Loading

Heat Source Electric

Exterior

Exterior Feature Porch(es), Deck(s)

Garage Spaces 1.0

Water Access N

View Street

Accessibility 2+ Access Exits

Porch Porch(es), Deck(s)

Total Parking Spaces 1

Garage N

Building

Lot Description Corner

Foundation Other

Above Ground Finished SqFt 5000

Sewer Public Sewer

Water Public

Architectural Style Dwelling w/Separate Living Area, Unit/Flat

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 124112500

Ownership Fee Simple

SqFt Source 5000

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

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Becky Shaible

Marketing Real Estate at the Highest Level in PA | UnknownRS343194

+1(570) 971-7833

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Becky Shaible

5331 WAYNE AVE Philadelphia, PA 19144

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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5331 WAYNE AVE