$ 450,000
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$450,000
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Bed -
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SqFt
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About the Listing KELWLMML - 3178355,3139155
5214 Wayne Avenue | Philadelphia, PA 19144 Legal 5-Unit Multifamily | West Germantown | Priced to Sell | 1031 Exchange Opportunity Exceptional investment opportunity in one of Northwest Philadelphia’s most active growth corridors! 5214 Wayne Avenue is a fully leased, low-maintenance legal 5-unit multifamily property offering both immediate income and long-term development upside. Sitting on nearly 22,000 sq ft of land with a 5,100 sq ft building footprint, the property utilizes less than 25% of its lot—ideal for expansion, additional units, or creative value-add projects. Current monthly gross income $4,658 (average $856 per unit) leaves room to raise rents or reconfigure layouts to meet demand. Located just off Chelten & Wayne Avenues near the growing Mt. Airy and East Falls borders, residents enjoy walkable access to transit, shops, cafés, and Wissahickon Valley Park. Minutes to Wayne Junction Station and major routes. Highlights: Owner Retiring – Priced to Sell 1031 Exchange Ready – Immediate Tax Savings Fully Leased, Well Maintained for 20+ Year 2025 Lead Safety Certification for all unit No L & I Violations Massive 22,000 SF Lot / Development Potential High-Demand West Germantown Location Turnkey cash flow today, with significant upside for the next investor or developer.
Listing Highlights
Status
Active With Contingency
Days on Site
39
Property Type
Commercial Sale
MLS ®
PAPH2554390
Year Built
1900
Total Square Footage
0
Lot/Acreage
0.51
County
Philadelphia
Neighborhood
Germantown (West)
Area
19144 (19144)
School District
Philadelphia City
High School
Germantown
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond: Window Unit(s)
- Heating: Forced Air
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Rear Yard,SideYard(s),Front Yard,Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Parking Spaces: 3
- Lot Dimensions: 76.00 x 26.00
- Zoning: Residential Two-Family Attached district primarily for two-family, semi-detached houses on individual lots.
- Roof: Pitched
- Others:
- Sewer: Public Sewer
- Parking Features: Driveway,On Street,3+ Spaces,2+ Spaces,1+ Spaces
Financial Details
- Tax Amount: $8,244
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
Monthly Payment
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- in Taxes
Years
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Questions About..
5214 Wayne Ave Philadelphia, PA 19144
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