Philadelphia, PA 19144 5331 Wayne Avenue

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Presented By: RE/MAX @ HOME
  • MLS# PAPH2547552
  • 10/20/2025
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  • Beds • 6

Home Details

Discover a rare investment gem in the rapidly developing Germantown neighborhood of Philadelphia. This five-unit multi-family property spanning over 5,000 Sq/Ft presents a unique chance to acquire a fantastic asset with minimal work remaining and can start cash flowing within a couple of months. With zoning approval for an on-site accessory parking space, the property offers added convenience and long-term value to both investors and tenants. Recently renovated with approximately 80% of the work completed, this property requires some additional work to be fully rent-readyideal 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. No city certificate will be provided to the buyer. 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 youre 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!
Presented By: RE/MAX @ HOME

Interior Features for 5331 Wayne Avenue

Bedrooms

Three Bedroom Units Count

Other Interior Features

LivingAreaSourceEstimated
BasementFull
Basement (Y/N)Yes
Central Air Y/NNo
Fireplace Y/NNo
Heating FuelElectric
Heating Y/NYes
Hot WaterElectric
Interior AmenitiesBathroom - Tub Shower, Combination Kitchen/Living, Combination Dining/Living
Total Stories3

General for 5331 Wayne Avenue

Acceptable FinancingCash, Conventional
Accessibility2+ Access Exits
AppliancesRefrigerator, Built-In Microwave, Oven/Range - Electric, Washer - Front Loading, Dryer - Front Loading
Architectural StyleDwelling w/Separate Living Area, Unit/Flat
Association Recreation FeeN
CityPHILADELPHIA
Construction MaterialsMasonry
Cool FuelElectric
CoolingDuctless/Mini-Split
CountyPHILADELPHIA
DirectionsComing from the east side of Knox St, continue straight and turn right onto W Penn St. The property is the corner home located at the intersection of W Penn St and Wayne Ave.
Garage Y/NNo
HeatingWall Unit
Historic Y/NNo
Home Warranty Y/NYes
Living Area5000
Location TypeUrban
Lot Size Square Feet2400.00
Lot Size UnitsSquare Feet
MLS Area19144 (19144)
MunicipalityPHILADELPHIA
New ConstructionNo
Number Of Units Total4
NumberOfUnitsVacant4
One Bedroom Units Count4
Other StructuresAbove Grade, Below Grade
Other UnitsUnit 1, Unit 2, Unit 4, Unit 3
OwnerPaysCommon Area Maintenance
OwnershipFee Simple
Patio/Porch FeaturesPorch(es), Deck(s)
PossessionImmediate
Price Per Sq Ft Total AG79.0
Property SubtypeQuadruplex
Property TypeMulti-Family
School DistrictTHE SCHOOL DISTRICT OF PHILADELPHIA
SewerPublic Sewer
Single Room Units Count0
Standard StatusActive
StatusACTIVE
Structure TypeTwin/Semi-Detached
Subdivision NameGERMANTOWN
Tax Annual Amount5249.0
Tax Assessed Value375000.0
Tax Lot108
Tax Year2025
Total Actual Rent0.00
Total SQFT5000
TransportationAirport less than 10 miles, Bus Stop less than 1 mile, Commuter Rail Station less than 1 mile
Two Bedroom1
Vacation Rental Y/NNo
ViewStreet
Virtual TourClick here
Water Access Y/NNo
Year Built1890
Year Built SourceAssessor
ZoningRSA3

Exterior for 5331 Wayne Avenue

Exterior AmenitiesSidewalks, Street Lights
Foundation DetailsOther
InclusionsRefrigerator, Oven Range-Electric, Dishwasher, Built-In Microwave, Washer-Front Loading & Dryer-Front Loading
Land Assessed Value75000.00
Land Use CodeN50
Lot Dimensions25.00 x 96.00
Lot FeaturesCorner
Lot Size Acres0.06
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Navigable Water Y/NNo
Off Street - # of Spaces1
PoolNo Pool
SpaNo
Total Parking Spaces1
Type of ParkingOff Street
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo
Waterfront Y/NNo

Additional Details

Price History

Rachel Shepherd

Price $395,000
MLS#PAPH2547552
List Date 10/20/2025
Property Type Multi-Family
Phone 703.929.4729
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