5331 Wayne Ave, Philadelphia, PA 19144
Local realty services provided by:Better Homes and Gardens Real Estate Reserve
Listed by: maria maria quattrone quattrone
Office: lpt realty, llc.
MLS#:PAPH2636694
Source:BRIGHTMLS
Price summary
- Price:$325,000
- Price per sq. ft.:$65
About this home
Cash Sale Only.
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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Home facts
- Year built:1890
- Listing ID #:PAPH2636694
- Added:43 day(s) ago
- Updated:July 29, 2026 at 01:56 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 (2026)
Parking
- Parking description:Off Street
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