5331 Wayne Ave, Philadelphia, PA 19144
Local realty services provided by:Better Homes and Gardens Real Estate Murphy & Co.
Listed by: maria maria quattrone quattrone
Office: lpt realty, llc.
MLS#:PAPH2594742
Source:BRIGHTMLS
Price summary
- Price:$325,000
- Price per sq. ft.:$65
About this home
Discover a rare investment opportunity in the rapidly developing Germantown neighborhood of Philadelphia. This five-unit multi-family property spans over 5,000 sq/ft and presents a unique chance to acquire a valuable asset with only minimal work remaining, allowing it to begin generating cash flow within just a couple of months. With zoning approval for an on-site accessory parking space, the property offers additional convenience and long-term value for both investors and tenants.
The property has been recently renovated with approximately 80% of the work completed, leaving only some additional work needed to make the units fully rent-ready. This makes it an excellent opportunity for investors looking for a light rehab project in a high-growth area. Once the remaining work is completed and the units are leased, the property has strong potential to become a solid performer in any rental portfolio.
The building currently consists of (1) studio unit, (3) one-bedroom one-bath units, and (1) two-bedroom one-bath unit. Each unit has been updated with laminate flooring throughout, brand-new kitchens and bathrooms, in-unit washers and dryers, and mini-split systems for heating and cooling. The front and rear units on the second floor feature private decks, providing desirable outdoor space that enhances the appeal and marketability of those apartments. All units are fully electric and individually metered, making tenant billing and utility management simple and cost-efficient.
The projected rental income for the one-bedroom one-bath units is approximately $1,200 per month, while the two-bedroom one-bath unit is projected at $1,300 per month. At those rental rates, the property could generate approximately $6,100 per month or $73,200 annually in gross income. This represents an excellent opportunity to achieve a strong return on investment with significant upside potential. The property is being sold “AS-IS.” The seller will not make any repairs, and no city certificate will be provided to the buyer.
Conveniently situated with a Walk Score of 86, the location offers excellent accessibility, allowing most daily errands to be completed without a car. Chelten Avenue Station on the Chestnut Hill West Line is just 11 minutes away, providing convenient access to Center City Philadelphia. Nearby recreational options include Kelly Playground, Happy Hollow Recreation Center, and Cloverly Park, offering great outdoor spaces for relaxation and activities.
Whether you are an investor seeking a high-performing multi-unit property, a contractor ready to complete the remaining work, or a buyer interested in living in one unit while renting the others, this Germantown multi-family property offers space, income potential, and a prime location in one compelling package. Schedule your showing today....
Contact an agent
Home facts
- Year built:1890
- Listing ID #:PAPH2594742
- Added:47 day(s) ago
- Updated:May 03, 2026 at 01:36 PM
Rooms and interior
- Bedrooms:5
- Kitchen Description:Built-In Microwave, Combination Kitchen/Living, Oven/Range - Electric, Refrigerator
- Basement:Yes
- Basement Description:Full
- Living area:5,000 sq. ft.
Heating and cooling
- Cooling:Ductless/Mini-Split
- Heating:Electric, Wall Unit
Structure and exterior
- Year built:1890
- Building area:5,000 sq. ft.
- Lot area:0.06 Acres
- Lot Features:Corner, Urban
- Architectural Style:Dwelling w/Separate Living Area
- Construction Materials:Masonry
- Exterior Features:Deck(s), Porch(es), Sidewalks, Street Lights
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$325,000
- Price per sq. ft.:$65
- Tax amount:$5,249 (2025)
Parking
- Parking description:Off Street
New listings near 5331 Wayne Ave
- Coming Soon
$575,000Coming Soon3 beds 4 baths606 E Durham St, PHILADELPHIA, PA 19119
MLS# PAPH2613816Listed by: ELFANT WISSAHICKON-CHESTNUT HILL - New
$267,000Active5 beds -- baths1,743 sq. ft.1730 N 25th St, PHILADELPHIA, PA 19121
MLS# PAPH2614992Listed by: FRANKLIN INVESTMENT REALTY - New
$695,000Active4 beds 4 baths3,450 sq. ft.2324 Reed St, PHILADELPHIA, PA 19146
MLS# PAPH2616286Listed by: PA REALTYWORKS LLC - Coming Soon
$248,000Coming Soon3 beds 2 baths3432 Shelmire Ave, PHILADELPHIA, PA 19136
MLS# PAPH2613434Listed by: REALTY MARK ASSOCIATES - New
$224,900Active3 beds 2 baths1,320 sq. ft.534 W Huntingdon St, PHILADELPHIA, PA 19133
MLS# PAPH2614806Listed by: KELLER WILLIAMS MAIN LINE - New
$145,500Active3 beds 2 baths1,330 sq. ft.5431 N 11th St, PHILADELPHIA, PA 19141
MLS# PAPH2614990Listed by: BHHS FOX & ROACH-HAVERFORD - New
$559,900Active3 beds 3 baths1,953 sq. ft.324 Queen St #b, PHILADELPHIA, PA 19147
MLS# PAPH2615522Listed by: RE/MAX CENTRAL - BLUE BELL - New
$450,000Active5 beds 3 baths2,386 sq. ft.1422 W Tioga St, PHILADELPHIA, PA 19140
MLS# PAPH2615770Listed by: REALTY ONE GROUP FOCUS - New
$119,900Active3 beds 4 baths1,290 sq. ft.314 N Robinson St, PHILADELPHIA, PA 19139
MLS# PAPH2615872Listed by: RE/MAX PRIME REAL ESTATE - New
$180,000Active3 beds 1 baths2,208 sq. ft.4931 N Uber St, PHILADELPHIA, PA 19141
MLS# PAPH2615924Listed by: REALTY ONE GROUP FOCUS