506 W Master St, PHILADELPHIA, PA 19122
Local realty services provided by:Better Homes and Gardens Real Estate Premier



506 W Master St,PHILADELPHIA, PA 19122
$575,000
- 4 Beds
- - Baths
- 1,955 sq. ft.
- Multi-family
- Active
Listed by:lindsey toconita
Office:kurfiss sotheby's international realty
MLS#:PAPH2514750
Source:BRIGHTMLS
Price summary
- Price:$575,000
- Price per sq. ft.:$294.12
About this home
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.
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Home facts
- Year built:2015
- Listing Id #:PAPH2514750
- Added:36 day(s) ago
- Updated:August 15, 2025 at 01:31 PM
Rooms and interior
- Bedrooms:4
- Living area:1,955 sq. ft.
Heating and cooling
- Cooling:Central A/C
- Heating:90% Forced Air, Natural Gas
Structure and exterior
- Year built:2015
- Building area:1,955 sq. ft.
- Lot area:0.02 Acres
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$575,000
- Price per sq. ft.:$294.12
- Tax amount:$1,080 (2024)
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