$ 654,000
-
$654,000
Price -
5
Bed -
3
Bath -
2,550
SqFt
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About the Listing KWEMPWR - 3139862,3158983
Currently a Triplex with RM-1 Zoning allowing you to change it back into your dream home single family or add an additional 2 units as multi-family. As a 1st time homeowner looking to house hack or a seasoned investor 5000 Florence Ave is ideal. Complete with a two-car garage that is perfectly suited for a future roof deck addition. With RM-1 zoning, the property allows for expansion of up to five units by right, offering a rare and valuable opportunity for both developers and investors. Currently the 3 units are rented with leases through March 2026, two 2bed/1bath and one 1bed/1bath bringing in $48,000 annually. The home features a walk-out basement with shared laundry facilities and side yard garden, fire pit, and seating—ideal for entertaining on cozy fall nights. The building was owner occupied for more than 15 years always with a history of strong rental performance. Current rents remain under market, creating immediate upside for increased returns. Offered in As-Is condition, the property provides a blank canvas for repositioning, expansion, and long-term growth. Easy walking distance to UPenn and Drexel Universities as well as the Baltimore Avenue favorites like Carbon Copy, Mariposa C0-Op Grocery and Clark Park. Whether your goal is to elevate rental income or expand the building to maximize its potential, this triplex presents a rare chance to secure an asset in a highly desirable location. Don’t miss the opportunity to transform this property into a premier investment with exceptional promise.
Listing Highlights for 5000 Florence Ave
Status
Active
Days on Site
35
Property Type
Townhome
MLS ®
PAPH2541744
Year Built
1925
Total Square Footage
2,550
Lot/Acreage
0.05
Interior Details
- Bedrooms: 5
- Bathrooms: 3 Full
- Appliances:
- Air Cond:
- Heating: Baseboard - Hot Water
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 2550
- Below Ground Sq Ft: 0
- Basement: Side Entrance
- Other: Main Floor Bedrooms: 5
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No
- Garage Capacity: 2 car
- Parking Spaces: 2
- Lot Dimensions: 22.00 x 105.00
- Zoning: RM1
- Roof:
- Others:
- Sewer: Public Sewer
- Parking Features: Additional Storage Area,Detached Garage,2+ Spaces,1+ Spaces
Financial Details
- Tax Amount: $5,916
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
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Listing Location
Questions About..
5000 Florence Ave Philadelphia, PA 19143
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