Welcome to an exceptional investment opportunity at 1946 N 5th Street. This meticulously renovated multi-family duplex is perfect for an owner-occupant looking to house hack or an investor looking to add to their portfolio. The property features THREE sources for cash flow. There is a 1-bed/1-bath unit on the first floor, a 3-bed/2-bath unit on the second floor, and last but not least, the rear yard is leased for storage. The total combined rental income is $3,950 per month. Additionally, the basement is currently being used by the Landlord/Owner; continue to use it this way or possibly rent it out as storage to create additional income. The property benefits from the modern comforts of central air, all new stainless appliances, sleek design, and other modern amenities. Don't let this opportunity slip away; take advantage of this investment opportunity located in the South Kensington neighborhood. Whether you're an experienced investor or just entering the market, grasp this chance to acquire a profitable asset and schedule your showing today! Soon to be available 2055 N Franklin St is a similar duplex that can also be packaged with this property for a total of five (5) units.
Property Details
Property Features
Property Information:
Architectural Style: Bi-level
Year Built: 2023
Living Area: 1,942 SqFt
Listing Office:
Office Name: Keller Williams Main Line
Office Phone: (610) 520-0100
Listing Agent: Lucas O Pfaff
Interior Features
Interior Information:
Basement: Yes
Exterior Features
Parking Information:
Parking: On Street
Lot Features
Lot Information:
Lot Size: 0.03 Acres
Utilities
Utilities Information:
Heating: Forced Air
Cooling: Central Air
School Info
Assigned Schools Information:
Benjamin Franklin High School, Public District Grades 9-12
William McKinley School, Public District Grades KG-8
Other
Directions Information:
Directions: Google maps
Municipality:
Philadelphia
Price Information
Listing Price Info
Price Summary:
List Price: $549,500
Price Per SqFt: $283/SqFt
Tax Information:
Annual Amount: $1,114
Tax Year: 2020
What can I afford?
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Housing Market Comparison
See how this home compares to others in Philadelphia, PA.
This property is $290.6K more than the Median Sold Price and $87/SqFt more than other homes in Philadelphia, PA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: BRIGHT
MLS Number: #PAPH2342552
Listing Office:
Office Name: Keller Williams Main Line
Office Phone: (610) 520-0100
Listing Agent: Lucas O Pfaff
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.
The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
3
/10
William McKinley School
2101 N Orkney St
Distance between this listing and this school0.13 miles
Public District Grades KG-8
High School
2
/10
Benjamin Franklin High School
550 N Broad St
Distance between this listing and this school1.59 miles
Public District Grades 9-12
Assigned Schools
3
/10
William McKinley School
2101 N Orkney St
Distance between this listing and this school0.13 miles
Public District Grades KG-8
Nearby Schools
2
/10
John Welsh Elementary School
2331 N 4th St
Distance between this listing and this school0.42 miles
Public District Grades KG-8
5
/10
John Moffet Elementary School
127 West Oxford St
Distance between this listing and this school0.57 miles
Public District Grades KG-5
Nearby Schools
4
/10
Pan American Academy Charter School
2830 N American St
Distance between this listing and this school0.96 miles
Public Charter Grades KG-8
4
/10
Young Scholars Charter School
900 N Marshall St
Distance between this listing and this school0.97 miles
Public Charter Grades 5-8
4
/10
Laboratory Charter School
800 N Orianna St
Distance between this listing and this school1.19 miles
Public Charter Grades KG-8
Assigned Schools
2
/10
Benjamin Franklin High School
550 N Broad St
Distance between this listing and this school1.59 miles
Public District Grades 9-12
Nearby Schools
2
/10
Kensington Creative & Performing Arts High School
1901 N Front St
Distance between this listing and this school0.55 miles
Public District Grades 9-12
2
/10
Philadelphia Military Academy At Elverson
21182160 North 13th St
Distance between this listing and this school0.69 miles
The neighbors living near this home have an average income of $26,563. The most common annual income of people living in Philadelphia, PA is less than $35k. Typical family type is single, no kids. The majority of residents in this area have high school diploma education.
This home is located at 1946 N 5th St in Philadelphia, PA and zip code 19122 in the Hartranft neighborhood. This 1,942 square foot home, which was built in 2023, sits on a 0.03 acre lot. It has been listed on Rocket Homes since April 18, 2024 and is currently priced at $549,500.
In April 2024 more than 242 listings in Philadelphia, PA were sold above the asking price. During the same period more than 216 listings were sold at asking price, while more than 502 were sold below. The number of listings in Philadelphia, PA increased by 9.8% between March 2024 and April 2024. While the average time on the market in April 2024 was 50 days, the median list price was $258,806.
From Rocket Homes Real Estate and based on county public records data.