Homes for sale - 1831 S 5TH ST, Philadelphia, PA 19148

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Simone Velvel

simone@thevelvelgroup.com +1(703) 507-7614

$475,000

Est. payment - /mo

2,475 SqFt

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UPDATED:

Key Details

Property Type Multi-Family, Townhouse

Sub Type Interior Row/Townhouse

Listing Status Active

Purchase Type For Sale

Square Footage 2,475 sqft

Price per Sqft $191

MLS Listing ID PAPH2434530

Style Straight Thru,Traditional

Abv Grd Liv Area 2,475

Originating Board BRIGHT

Year Built 1915

Annual Tax Amount $5,233

Tax Year 2025

Lot Size 1,060 Sqft

Acres 0.02

Lot Dimensions 16.00 x 66.00

Property Sub-Type Interior Row/Townhouse

Property Description

This property is legally zoned three unit building with active rental licenses located in Dickinson Narrows, South Philadelphia, close to the neighborhoods of East Passyunk, Moyamensing & Pennsport. This property is adjacent to a transformative intersection, anchored by a Commercial Mixed Use Corridors and surrounded by residential & multi-unit development and major infrastructure projects. This triplex is three large 2 bedroom/1 bathroom units through the 3 story structure, with a backyard and common easement. Enter into the vestibule and find a hallway with a door that leads to the first floor unit with access to the backyard. The second floor unit is not self-contained providing a value-add upside play to convert into two studios bringing the total unit count to 4 or more units. There are 4 gas meters (1 house), brand new 240 electrical service and heads, 3 water heaters, and 1 heating furnace. Common heat is currently configured for the building but switching to in-unit baseboard electric would be wise and economical. Cosmetic upgrades throughout building, with in-unit washer/dryer on third floor unit. If you are looking to house hack, an apartment unit can be made available to you. All units are currently occupied grossly below market rates 1) $950, 2) $1,050, 3) $1,200 (prior lease $1,400). Within short distance from this property lies East Passyunk Ave, which holds over 160 independent businesses and retail locations, ranging from multicutltural cuisines, entertainment, bars, shopping, retail, the arts, and many other amenities. East Passyunk is home to James Beard International food award recipients and is one of Food & Wine Magazine's Top 10 Foodie Destinations in the country. Dickinson Narrows also is adjacent to the Riverwards along the Delaware River, with many amenities and festivities for families and residents of all ages. Owner is a licensed PA agent/reatlor.

Location

State PA

County Philadelphia

Area 19148 (19148)

Zoning RM1

Interior

Hot Water Natural Gas

Heating Forced Air

Cooling Window Unit(s)

Fireplace N

Heat Source Natural Gas

Exterior

Water Access N

Accessibility None

Garage N

Building

Foundation Brick/Mortar, Slab

Sewer Public Sewer

Water Public

Architectural Style Straight Thru, Traditional

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District Philadelphia City

Others

Tax ID 011453000

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Standard

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Listed by Ben Finelli • RE/MAX Ready

"Simone's passion for real estate and her love for "The DMV" are a perfect match. She has made it her mission to help local residents sell their homes quickly and at the best possible prices. Equally, she takes immense pride in assisting homebuyers in finding their perfect piece of paradise in DC, Maryland and Virginia. "

+1(703) 507-7614

simone@thevelvelgroup.com

11003 Glueck Lane, Kensington, Maryland, 20895, USA

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1831 S 5TH ST Philadelphia, PA 19148