$ 175,000
-
$175,000
Price -
6
Bed - Bath
-
1,688
SqFt
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About the Listing EL-W-PH - 3147307
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.
Listing Highlights for 5230 N 2nd St
Status
Active
Days on Site
91
Property Type
Multi-Family
MLS ®
PAPH2492912
Year Built
1930
Total Square Footage
1,688
Lot/Acreage
0.06
Interior Details
- Bedrooms: 6
- Bathrooms: Full
- Appliances:
- Air Cond:
- Heating: Radiator
- Fireplaces:
- Floor: Hardwood,Solid Hardwood,Wood
- Above Ground Sq Ft: 1688
- Below Ground Sq Ft: 0
- Basement:
- Other: Attic
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Lot Dimensions: 20.00 x 130.00
- Zoning: RSA5
- Roof: Flat,Pitched
- Others: Good
- Sewer: Public Sewer
- Parking Features: On Street
Financial Details
- Tax Amount: $2,940
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2024
Payment Calculator
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Listing Location
Questions About..
5230 N 2nd St Philadelphia, PA 19120
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