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1946 N 5th Street

Philadelphia, PA 19122

– beds
– baths
1,942 sqft
1,200 sqft lot
$282 per sqft
2023 build

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.

Listing courtesy of BRIGHT / Keller Williams Main Line

Last checked: Checking… • Last updated Apr 18, 2024 •

MLS# PAPH2342552 —

The Building

Year Built:

2023
Year Built Source:

Estimated
New Construction:

Yes
Construction Completed:

Yes
Construction Materials:

Masonry
Structure Type:

End of Row/Townhouse
Architectural Style:

Bi-level
Building Units Total:

3
Accessibility Features:

None
Foundation Details:

Brick/Mortar
Basement:

Yes
Basement Type:

Full
Total SqFt Source:

Assessor
Total Below Grade SqFt Source:

Assessor
Tax Total Finished SqFt:

1942

Interior

Fireplace:

No
Living Area SqFt Source:

Assessor

Room Dimensions

Total SqFt:

1942
Living Area SqFt:

1,942 Sqft

Financial & Terms

Sale Type:

Standard
Possession:

Settlement

Location

Directions:

Google maps
Latitude:

39.98113000
Longitude:

-75.14285000

The Property

Property Type:

Multi-Family
Property Sub Type:

Duplex
Property Condition:

Excellent
Lot Size Units:

Square Feet
Lot Size Acres:

0.03
Lot Size Source:

Assessor
Lot Size Dimensions:

16.00 x 79.00
Lot Dimensions Source:

Assessor
Lot SqFt:

1,200 Sqft
Inclusions:

All appliances
Zoning:

RSA5
Other Structures:

Above Grade, Below Grade
Water View:

No
Waterfront:

No
Water Oriented:

No
Water Access:

No
Navigable Water:

No
Tidal Water:

No
Land Use Code:

C51
Riparian Rights:

No

Listing Agent

Contact info:

Taxes

Tax ID Number:

183419100
Tax Year:

2022
Tax Lot:

65
Tax Annual Amount:

$3,451
Tax Assessed Value:

$246,600
Year Assessed:

2023
School Tax:

1894.0
City/Town Tax:

1557.00
Total Taxes Pymnt Freq:

Annually

The Listing

Buyer's Brokerage Compensation:

2.5%
Buyer Agency Comp Type:

% Of Gross
Buyer Agency Comp Selection:

Percent

Heating & Cooling

Cooling Type:

Central A/C
Central Air:

Yes
Cooling Fuel:

Electric
Heating:

Yes
Heating Type:

Forced Air
Heating Fuel:

Natural Gas

Utilities

Sewer Septic:

Public Sewer
Hot Water:

Natural Gas
Water Source:

Public

Schools

School District Name:

The School District Of Philadelphia
School District Source:

Listing Agent

The Community

Subdivision Name:

South Kensington
Pool:

No Pool
Association Recreation Fee:

No
Cap Rate:

8.50

Parking

Garage:

No
Type of Parking:

On Street

Extra Units

Vacation Rental:

No
One Bedroom Units:

1
Three Bedroom Units:

1

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
4/17/24 Apr 17, 2024	Listed / Active	BRIGHT	$549,500

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This multifamily located in Lower North, Philadelphia, PA 19122 is currently for sale for $549,500. 1946 N 5th Street is a 1,942 square foot multifamily with – beds and – baths. 1946 N 5th Street is in the Lower North neighborhood of Philadelphia and has a WalkScore® of 77, making it very walkable. This multifamily is in the attendance area of William Mckinley School, Ferguson Academics Plus School, Kensington Health Sciences Academy, Kensington Creative And Performing Arts High School, Kensington Urban Education Academy, and Kensington International Business High School.

Listing Courtesy of: BRIGHT and Keller Williams Main Line.

The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. BRIGHT MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. 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.
The offer of compensation listed above is made to, and can only be accepted by, participants of the multiple listing service in which this listing is filed.