506 W Master St, Philadelphia, PA 19122
Local realty services provided by:Better Homes and Gardens Real Estate Community Realty
506 W Master St,Philadelphia, PA 19122
$475,000
- 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:$475,000
- Price per sq. ft.:$242.97
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.
Contact an agent
Home facts
- Year built:2015
- Listing ID #:PAPH2514750
- Added:173 day(s) ago
- Updated:December 30, 2025 at 02:30 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:$475,000
- Price per sq. ft.:$242.97
- Tax amount:$1,080 (2024)
New listings near 506 W Master St
- Coming Soon
$359,000Coming Soon4 beds 2 baths4004 Mitchell St, PHILADELPHIA, PA 19128
MLS# PAPH2568816Listed by: KW EMPOWER - Coming Soon
$99,990Coming Soon2 beds 1 baths2051 Dennie St, PHILADELPHIA, PA 19140
MLS# PAPH2569726Listed by: CENTURY 21 ADVANTAGE GOLD-SOUTH PHILADELPHIA - New
$389,950Active3 beds 3 baths1,750 sq. ft.1715 Rhawn St, PHILADELPHIA, PA 19111
MLS# PAPH2569336Listed by: MARKET FORCE REALTY - Open Sun, 1 to 3pmNew
$400,000Active4 beds 4 baths1,476 sq. ft.2421 Vista St, PHILADELPHIA, PA 19152
MLS# PAPH2569498Listed by: RE/MAX AFFILIATES - Coming Soon
$399,000Coming Soon3 beds 3 baths9957 Sandy Rd, PHILADELPHIA, PA 19115
MLS# PAPH2569968Listed by: HIGH LITE REALTY LLC - New
$250,000Active3 beds 2 baths1,408 sq. ft.5743 N 12th St, PHILADELPHIA, PA 19141
MLS# PAPH2569980Listed by: ELFANT WISSAHICKON-CHESTNUT HILL - Coming Soon
$299,900Coming Soon3 beds 4 baths5908 Christian St, PHILADELPHIA, PA 19143
MLS# PAPH2569990Listed by: DJCRE INC. - Open Sat, 12 to 2pmNew
$335,000Active5 beds 3 baths1,700 sq. ft.43 E Narragansett St, PHILADELPHIA, PA 19144
MLS# PAPH2569516Listed by: REAL OF PENNSYLVANIA - Coming Soon
$90,000Coming Soon3 beds 1 baths5152 Funston St, PHILADELPHIA, PA 19139
MLS# PAPH2565918Listed by: RE/MAX @ HOME - Coming Soon
$220,000Coming Soon3 beds 3 baths154 N 60th St, PHILADELPHIA, PA 19139
MLS# PAPH2565300Listed by: RE/MAX @ HOME