$ 395,000
-
$395,000
Price -
6
Bed - Bath
-
5,000
SqFt
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About the Listing RM-ATHMP - 3151733
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. No city certificate will be provided to the buyer. 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!
Listing Highlights for 5331 Wayne Ave
Status
Active With Contingency
Days on Site
12
Property Type
Multi-Family
MLS ®
PAPH2547552
Year Built
1890
Total Square Footage
5,000
Lot/Acreage
0.06
County
Philadelphia
Neighborhood
Germantown
Area
19144 (19144)
School District
The School District Of Philadelphia
Interior Details
- Bedrooms: 6
- Bathrooms: Full
- Appliances: Refrigerator, Built-In Microwave, Oven/Range - Electric, Washer - Front Loading, Dryer - Front Loading
- Air Cond: Ductless/Mini-Split
- Heating: Wall Unit
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 5000
- Below Ground Sq Ft: 0
- Basement: Full
- Other: Bathroom - Tub Shower,Combination Kitchen/Living,Combination Dining/Living
- Water: Public
Exterior Details
- Lot Description: Corner,Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Parking Spaces: 1
- Lot Dimensions: 25.00 x 96.00
- Zoning: RSA3
- Roof:
- Others: Sidewalks,Street Lights
- Sewer: Public Sewer
- Parking Features: Off Street,1+ Spaces
Financial Details
- Tax Amount: $5,249
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
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Listing Location
Questions About..
5331 Wayne Ave Philadelphia, PA 19144
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