Property

Philadelphia, PA 19122 506 W Master Street

506 W Master Street Philadelphia, PA - Image 1506 W Master Street Philadelphia, PA - Image 2506 W Master Street Philadelphia, PA - Image 3
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506 W Master Street Philadelphia, PA - Image 4506 W Master Street Philadelphia, PA - Image 5506 W Master Street Philadelphia, PA - Image 6506 W Master Street Philadelphia, PA - Image 7506 W Master Street Philadelphia, PA - Image 8506 W Master Street Philadelphia, PA - Image 9506 W Master Street Philadelphia, PA - Image 10506 W Master Street Philadelphia, PA - Image 11506 W Master Street Philadelphia, PA - Image 12506 W Master Street Philadelphia, PA - Image 13506 W Master Street Philadelphia, PA - Image 14506 W Master Street Philadelphia, PA - Image 15506 W Master Street Philadelphia, PA - Image 16506 W Master Street Philadelphia, PA - Image 17
Presented By: Kurfiss Sotheby's International Realty
  • MLS# PAPH2514750
  • 07/10/2025
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  • Beds • 4

Home Details

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 youre 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. Dont miss your chance to own a move-in-ready duplex across from a beautiful park in the heart of Kensington.
Presented By: Kurfiss Sotheby's International Realty

Interior Features for 506 W Master Street

Bedrooms

Three Bedroom Units Count

Other Interior Features

LivingAreaSourceEstimated
Central Air Y/NYes
Fireplace Y/NNo
Heating FuelNatural Gas
Heating Y/NYes
Hot WaterNatural Gas

General for 506 W Master Street

AccessibilityNone
Architectural StyleTraditional
CityPHILADELPHIA
Construction MaterialsBrick, Metal Siding
Cool FuelElectric
CoolingCentral A/C
CountyPHILADELPHIA
DirectionsOn Master between Randolph and 5th
DisclosuresAgent has Financial Interest, Agent Related to Owner
Garage Y/NNo
Green Energy GenerationPV Solar Array(s) Leased
Heating90% Forced Air
Lot Size Square Feet918.00
Lot Size UnitsSquare Feet
MLS Area19122 (19122)
ModificationTimestamp2025-07-10T08:56:22
MunicipalityPHILADELPHIA
New ConstructionNo
Number Of Units Total2
NumberOfUnitsVacant2
One Bedroom Units Count
Other StructuresAbove Grade, Below Grade
OwnershipFee Simple
PossessionSettlement
Price Per Sq Ft Total AG294.12
Property SubtypeDuplex
Property TypeMulti-Family
School DistrictPHILADELPHIA CITY
SewerPublic Sewer
Single Room Units Count0
Standard StatusActive
StatusACTIVE
Structure TypeInterior Row/Townhouse
Subdivision NameKENSINGTON
Tax Annual Amount1080.0
Tax Assessed Value77200.0
Tax Year2024
Total SQFT1955
Two Bedroom2
Vacation Rental Y/NNo
Water Access Y/NNo
Year Built2015
Year Built SourceEstimated
ZoningRSA5

Exterior for 506 W Master Street

Foundation DetailsConcrete Perimeter
InclusionsAll appliances in as-is condition
Land Assessed Value77200.00
Land Use CodeRA
Lot Dimensions16.00 x 59.00
Lot Size Acres0.02
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 $575,000
MLS#PAPH2514750
List Date 07/10/2025
Property Type Multi-Family
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