506 W Master St

Philadelphia, PA 19122
  • $549,000

    Price
  • 4

    Bed
  • Bath
  • 1,955

    SqFt

About the Listing KURFISS1 - 3265207

Welcome to 506 Master Street, a modern duplex in the Ludlow section of Kensington, directly across from Cruz Playground and just a short walk to the shops and restaurants along Girard Avenue. Built in 2015, this turnkey property offers a perfect opportunity for an owner-occupant to offset their mortgage with rental income while enjoying the benefits of a booming neighborhood with significant nearby development. The lower unit (905 sq ft) features 2 bedrooms, 1 full bath, and a private rear yard perfect for outdoor entertaining or gardening. The upper unit (1,050 sq ft) also offers 2 bedrooms and 1 full bath, with large windows flooding the space with natural light. Both units feature hardwood floors, spacious layouts, separate laundry, and updated finishes that make moving in or leasing seamless. Additional highlights include: solar panels on the roof for energy savings, separate utilities for each unit, delivered fully vacant for immediate rental or occupancy flexibility. Previously rented at $1,650/month for the upper unit with potential for $2,000/month+ in today's market and $1,450/month for the lower unit with potential for $1,800/month+. Whether you’re looking to build wealth or expand your investment portfolio with a low-maintenance property, 506 Master Street offers the ideal blend of location, modern construction, and long-term upside in a rapidly developing area. Don’t miss your chance to own a move-in-ready duplex across from a beautiful park in the heart of Kensington.

Listing Highlights for 506 W Master St

Status Active
Days on Site 61
Property Type Multi-Family
MLS ® PAPH2514750
Year Built 2015
Total Square Footage 1,955
Lot/Acreage 0.02
County Philadelphia
Neighborhood Kensington
School District Philadelphia City

Interior Details

  • Bedrooms: 4
  • Bathrooms: Full
  • Appliances:
  • Air Cond: Central A/C
  • Heating: 90% Forced Air
  • Fireplaces:
  • Floor:
  • Above Ground Sq Ft: 1955
  • Below Ground Sq Ft: 0
  • Basement:
  • Other:
  • Water: Public

Exterior Details

  • Lot Description: Not New Construction,Horse Property: No
  • Garage Capacity: N/A
  • Lot Dimensions: 16.00 x 59.00
  • Zoning: RSA5
  • Roof:
  • Others:
  • Sewer: Public Sewer
  • Parking Features: On Street

Financial Details

  • Tax Amount: $1,080
  • Taxes w/Assessments: N/A
  • Tax/Property ID: N/A
  • Tax Year: 2024

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506 W Master St Philadelphia, PA 19122

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Originating MLS: BRIGHT_MAIN

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