5331 WAYNE AVE Philadelphia, PA 19144
2,400 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Subdivision Germantown
MLS Listing ID PAPH2636172
Year Built 1890
Annual Tax Amount $5,249
Tax Year 2026
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
Located in Philadelphia's fast-growing Germantown neighborhood, this five-unit multifamily property offers more than 5,000 square feet of space and presents a rare value-add opportunity with only minimal work remaining before it can begin producing rental income. The property is currently set up as five units. Buyer is responsible for verifying zoning and obtaining any required zoning approvals or modifications. An accessory parking space on-site provides added convenience and long-term appeal for both investors and future tenants.
Extensive renovations have already been completed, with approximately 80% of the project finished. The remaining work is relatively minor, making this an ideal opportunity for investors seeking a light rehabilitation project in a neighborhood experiencing continued growth. Once the final improvements are completed and the units are occupied, the property has the potential to become a strong income-producing asset.
The building is configured with (1) studio apartment, (3) one-bedroom, one-bath units, and (1) two-bedroom, one-bath unit. Renovations include laminate flooring throughout, brand-new kitchens and bathrooms, in-unit washers and dryers, and energy-efficient mini-split heating and cooling systems. The front and rear second-floor units each feature private decks, adding valuable outdoor living space that enhances tenant appeal and rental desirability.
All units are fully electric and individually metered, simplifying utility management and billing. Projected monthly rents are approximately $1,200 for each one-bedroom, one-bath unit and $1,300 for the two-bedroom, one-bath unit. Based on these projections, the property has the potential to generate approximately $6,100 per month, or $73,200 annually, in gross rental income. This presents an attractive opportunity for investors seeking strong returns and future upside.
The property is being sold strictly AS-IS. The seller will make no repairs, and no city certification will be provided to the buyer.
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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
Listing Terms Cash
Financing Cash
Special Listing Condition Standard
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