1511 N 54TH ST N Philadelphia, PA 19131
1,900 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Twin/Semi-Detached
Listing Status Active
Purchase Type For Sale
Square Footage 1,900 sqft
Price per Sqft $207
Subdivision Philadelphia (West)
MLS Listing ID PAPH2681514
Style Dwelling with Rental
Abv Grd Liv Area 1,900
Year Built 1925
Annual Tax Amount $3,916
Tax Year 2025
Lot Size 1,543 Sqft
Acres 0.04
Lot Dimensions 16.00 x 96.00
Property Sub-Type Twin/Semi-Detached
Source BRIGHT
Property Description
Your next real estate investment could be more than a property. It could be the foundation of your next chapter in wealth building.
Welcome to 1511 N. 5th Street, Philadelphia, Pennsylvaniaa compelling opportunity for the visionary investor who understands that successful real estate investing is about more than acquiring a building. It is about recognizing potential, creating lasting value, and positioning yourself to benefit from the enduring need for quality rental housing.
This 3 unit residential investment presents an opportunity to establish or expand a rental portfolio in Philadelphia's dynamic urban real estate market. Featuring 2 - 1 bedroom units and 1 - 2 bedroom unit, the property offers a diversified residential configuration that can appeal to a range of prospective renters, subject to market demand, property condition, and applicable rental requirements.
For investors navigating today's higher borrowing costs, opportunities deserve to be evaluated through a disciplined lens: income potential, operating expenses, tenant demand, long-term appreciation prospects, and the ability to create value. This property offers an opportunity to explore all of those considerations in one investment.
3 units. Multiple income opportunities. One strategic acquisition.
The property's three-unit configuration is central to its investment appeal. An investor has the opportunity to generate income from 3 separate residential units.
The proposed rental-income analysis uses the Philadelphia Housing Authority payment standards previously discussed as a preliminary benchmark:
- Two one-bedroom units: $1,960 per month each.
- One two-bedroom unit: $2,330 per month.
Based on those assumptions, the property has a projected gross rental income of $6,250 per month, or $75,000 annually, before vacancy, operating expenses, and any adjustments required by the applicable rental program.
For an investor, this creates a starting point for evaluating the property's earning potential and developing a thoughtful acquisition strategy.
The final achievable rents must be independently verified. Housing Choice Voucher payment standards are not guaranteed rents, and the applicable ZIP code, voucher requirements, utilities, rent-reasonableness review, and property eligibility must all be confirmed.
An investment strategy for today's interest-rate environment
Higher interest rates have changed the way investors evaluate real estate. Borrowing costs can reduce cash flow, increase monthly debt service, and make careful underwriting more important than ever.
But higher rates do not automatically eliminate opportunity. They make the quality of the acquisition, the accuracy of the numbers, and the investor's strategy even more important.
At an asking price of $395,000, buyers can evaluate this property based on its potential rental income, anticipated operating expenses, financing structure, and long-term objectives.
(Note: Select photos have been virtually staged for visualization purposes only.)
Location
State PA
County Philadelphia
Area 19131 (19131)
Zoning RM1
Rooms
Basement Full, Walkout Level, Fully Finished
Interior
Interior Features Kitchen - Eat-In, Floor Plan - Open, Efficiency, Dining Area, Combination Kitchen/Living
Hot Water Electric
Heating Forced Air
Cooling Central A/C
Flooring Laminated
Equipment Dryer, Water Heater, Washer/Dryer Stacked, Washer, Stove, Stainless Steel Appliances
Fireplace N
Appliance Dryer, Water Heater, Washer/Dryer Stacked, Washer, Stove, Stainless Steel Appliances
Heat Source Electric
Laundry Has Laundry
Exterior
Utilities Available Electric Available, Water Available
Water Access N
Roof Type Asphalt
Accessibility Level Entry - Main
Garage N
Private Pool No
Building
Foundation Stone
Above Ground Finished SqFt 1900
Sewer Public Sewer
Water Public
Architectural Style Dwelling with Rental
Additional Building Above Grade, Below Grade
Structure Type 2 Story Ceilings
New Construction Y
Schools
High Schools West Philadelphia
School District Philadelphia City
Others
Tax ID 442361100
Ownership Fee Simple
SqFt Source 1900
Acceptable Financing Cash, Conventional, FHA, Private, VA, USDA, Negotiable
Listing Terms Cash, Conventional, FHA, Private, VA, USDA, Negotiable
Financing Cash,Conventional,FHA,Private,VA,USDA,Negotiable
Special Listing Condition Standard
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