Property

Philadelphia, PA 19120 5230 N 2Nd Street

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Presented By: Elfant Wissahickon-Rittenhouse Square
  • MLS# PAPH2492912
  • 06/10/2025
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  • Beds • 6

Home Details

Newly Repriced! This duplex property is packed with potential and primed for your vision. Once renovated, the property has the potential to generate over $34,450 in annual rental income. Even after factoring in acquisition and renovation costs, the investment offers an impressive 11% returndelivering immediate cash flow with significant room for future appreciation. Located on a leafy, residential block in desirable Oak Lane, this spacious home offers solid bones, original charm, and multiple value-add opportunities. Interior highlights include high ceilings, large windows, and original trim work that lend character and natural light throughout. While the property requires cosmetic updatessuch as new flooring, fresh paint, and general cleanupthe existing layout offers an ideal foundation for a profitable renovation. Whether you're looking for a flip or a long-term rental, this is a versatile investment. With the right improvements, it can be repositioned for higher rents or increased market value, making it a strong candidate for the BRRRR strategy or Section 8 placement post-rehab. Dont miss the chance to turn this classic duplex into a high-performing asset in a growing neighborhood.
Presented By: Elfant Wissahickon-Rittenhouse Square

Interior Features for 5230 N 2Nd Street

Bedrooms

Three Bedroom Units Count1

Other Interior Features

LivingAreaSourceAssessor
Central Air Y/NNo
Fireplace Y/NNo
FlooringHardwood, Solid Hardwood, Wood
Heating FuelNatural Gas
Heating Y/NYes
Hot WaterNatural Gas
Interior AmenitiesAttic

General for 5230 N 2Nd Street

Acceptable FinancingCash, Conventional
AccessibilityNone
Architectural StyleAirLite
CityPHILADELPHIA
Construction MaterialsMasonry
Cool FuelNone
CoolingNone
CountyPHILADELPHIA
DirectionsPlease use GPS
Garage Y/NNo
Gross Income34450.00
HeatingRadiator
Lease TypeNone
Lot Size Square Feet2591.00
Lot Size UnitsSquare Feet
MLS Area19120 (19120)
ModificationTimestamp2025-07-12T11:45:23
MunicipalityPHILADELPHIA
New ConstructionNo
Number Of Units Total3
Number of Units Leased
One Bedroom Units Count1
Other StructuresAbove Grade, Below Grade
OwnershipFee Simple
PossessionImmediate
Price Per Sq Ft Total AG117.89
Property ConditionGood
Property SubtypeDuplex
Property TypeMulti-Family
Rent Control Y/NNo
RoofFlat, Pitched
School DistrictPHILADELPHIA CITY
SewerPublic Sewer
Single Room Units Count0
Standard StatusActive
StatusACTIVE
Structure TypeTwin/Semi-Detached
Subdivision NameOAK LANE
Tax Annual Amount2940.0
Tax Assessed Value210100.0
Tax Lot271
Tax Year2024
Total SQFT1688
Two Bedroom1
Vacation Rental Y/NNo
Water Access Y/NNo
Year Built1930
Year Built SourceAssessor
ZoningRSA5

Exterior for 5230 N 2Nd Street

Foundation DetailsPermanent
Land Assessed Value42020.00
Land Use CodeN50
Lot Dimensions20.00 x 130.00
Lot Size Acres0.06
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Navigable Water Y/NNo
PoolNo Pool
Type of ParkingOn Street
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo
Waterfront Y/NNo

Additional Details

Price History

William Hernandez

Associate
Price $199,000
MLS#PAPH2492912
List Date 06/10/2025
Property Type Multi-Family
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