5331 WAYNE AVE Philadelphia, PA 19144
UPDATED:
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Subdivision Germantown
MLS Listing ID PAPH2547446
Year Built 1890
Available Date 2025-10-17
Annual Tax Amount $5,249
Tax Year 2025
Lot Size 2,400 Sqft
Acres 0.06
Lot Dimensions 25.00 x 96.00
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
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.
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!
Location
State PA
County Philadelphia
Area 19144 (19144)
Zoning RSA3
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Ductless/Mini-Split
Inclusions Refrigerator, Oven Range-Electric, Dishwasher, Built-In Microwave, Washer & Dryer
Heat Source Natural Gas
Exterior
Garage Spaces 1.0
Water Access N
View Street
Accessibility 2+ Access Exits
Total Parking Spaces 1
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 124112500
Ownership Fee Simple
Acceptable Financing Cash, Conventional, FHA, VA
Listing Terms Cash, Conventional, FHA, VA
Financing Cash,Conventional,FHA,VA
Special Listing Condition Standard
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