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506 W Master Street

Philadelphia, PA 19122

– beds
– baths
1,955 sqft
918 sqft lot
$294 per sqft
2015 build

Welcome to 506 Master Street, a modern duplex in the Ludlow section of Kensington, directly across from Cruz Playground and just a short walk to the shops and restaurants along Girard Avenue. Built in 2015, this turnkey property offers a perfect opportunity for an owner-occupant to offset their mortgage with rental income while enjoying the benefits of a booming neighborhood with significant nearby development. The lower unit (905 sq ft) features 2 bedrooms, 1 full bath, and a private rear yard perfect for outdoor entertaining or gardening. The upper unit (1,050 sq ft) also offers 2 bedrooms and 1 full bath, with large windows flooding the space with natural light. Both units feature hardwood floors, spacious layouts, separate laundry, and updated finishes that make moving in or leasing seamless. Additional highlights include: solar panels on the roof for energy savings, separate utilities for each unit, delivered fully vacant for immediate rental or occupancy flexibility. Previously rented at $1,650/month for the upper unit with potential for $2,000/month+ in today's market and $1,450/month for the lower unit with potential for $1,800/month+. Whether you’re looking to build wealth or expand your investment portfolio with a low-maintenance property, 506 Master Street offers the ideal blend of location, modern construction, and long-term upside in a rapidly developing area. Don’t miss your chance to own a move-in-ready duplex across from a beautiful park in the heart of Kensington.

Listing courtesy of BRIGHT / Kurfiss Sotheby's International Realty

Last checked: Checking… • Last updated Jul 10, 2025 •

MLS# PAPH2514750 —

The Building

Year Built:

2015
Year Built Source:

Estimated
New Construction:

No
Construction Materials:

Brick, Metal Siding
Building Units Total:

2
Structure Type:

Interior Row/Townhouse
Architectural Style:

Traditional
Accessibility Features:

None
Foundation Details:

Concrete Perimeter
Total SqFt Source:

Estimated
Total Below Grade SqFt Source:

Assessor

Interior

Fireplace:

No
Living Area SqFt Source:

Estimated

Room Dimensions

Total SqFt:

1955
Living Area SqFt:

1,955 Sqft

Financial & Terms

Sale Type:

Standard
Possession:

Settlement

Location

Directions:

On Master between Randolph and 5th
Latitude:

39.97253800
Longitude:

-75.14491300

The Property

Property Type:

Multi-Family
Property Subtype:

Duplex
Lot Size Units:

Square Feet
Lot Size Acres:

0.02
Lot Size Source:

Assessor
Lot Size Dimensions:

16.00 x 59.00
Lot Dimensions Source:

Assessor
Lot SqFt:

918 Sqft
Inclusions:

All appliances in as-is condition
Zoning:

RSA5
Other Structures:

Above Grade, Below Grade
Waterview:

No
Waterfront:

No
Water Oriented:

No
Water Access:

No
Navigable Water:

No
Tidal Water:

No
Green Energy Generation:

PV Solar Array(s) Leased
Land Use Code:

RA
Riparian Rights:

No

Listing Agent

Contact info:

Taxes

Tax ID Number:

885177120
Tax Year:

2024
Tax Annual Amount:

$1,080
Tax Assessed Value:

$77,200
Year Assessed:

2025
School Tax:

605.0
City/Town Tax:

475.00
Total Taxes Payment Frequency:

Annually

Heating & Cooling

Cooling Type:

Central A/C
Central Air:

Yes
Cooling Fuel:

Electric
Heating:

Yes
Heating Type:

90% Forced Air
Heating Fuel:

Natural Gas

Utilities

Sewer/Septic:

Public Sewer
Hot Water:

Natural Gas
Water Source:

Public

Schools

School District Name:

Philadelphia City
School District Source:

Listing Agent

The Community

Subdivision Name:

Kensington
Pool:

No Pool

Parking

Garage:

No
Type of Parking:

On Street

Extra Units

Vacation Rental:

No
Two Bedroom Units:

2

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Sale history

Date	Event	Source	Price	% Change
7/10/25 Jul 10, 2025	Listed / Active	BRIGHT	$575,000

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This multifamily located in Lower North, Philadelphia, PA 19122 is currently for sale for $575,000. 506 W Master Street is a 1,955 square foot multifamily with – beds and – baths. 506 W Master Street is in the Lower North neighborhood of Philadelphia and has a WalkScore® of 87, making it very walkable. This multifamily is in the attendance area of Penn Treaty School and James R. Ludlow School.

Listing Courtesy of: BRIGHT and Kurfiss Sotheby's International Realty.

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.