BEDS0
BATHS
SQUARE FEET2,550
MLS#PAPH2540486
STATUSACTIVE
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONSQUIRREL HILL
SCHOOLPHILADELPHIA CITY
Property Description
TriPlex. As a 1st time homeowner looking to house hack or a seasoned investor 5000 Florence Ave is ideal. Complete with a two-car garage that is perfectly suited for a future roof deck addition. With RM-1 zoning, the property allows for expansion of up to five units by right, offering a rare and valuable opportunity for both developers and investors. Currently the 3 units are rented under market value with leases through March 2026, two -2bed/1bath and one 1bed/1bath bringing in $48,000 annually. The home features a walk-out basement with shared laundry facilities and side yard garden, fire pit, and seating—ideal for entertaining on cozy fall nights. The building was owner occupied for more than 15 years always with a history of strong rental performance. Current rents remain under market, creating immediate upside for increased returns. Offered in As-Is condition, the property provides a blank canvas for repositioning, expansion, and long-term growth. Easy walking distance to UPenn and Drexel Universities as well as the Baltimore Avenue favorites like Carbon Copy, Mariposa C0-Op Grocery and Clark Park. Whether your goal is to elevate rental income or expand the building to maximize its potential, this triplex presents a rare chance to secure an asset in a highly desirable location. Don’t miss the opportunity to transform this property into a premier investment with exceptional promise.
Property Features
Property Type: Multi Unit - Multiple
Basement: Side Entrance
Basement: Yes
Cooling: None
Fuel Type: Natural Gas
Garage: 2
Heating: Baseboard - Hot Water
Home Style: Traditional
Lot Size: 0.05 Acres
Taxes: $5,916
Year Built: 1925
Feature Descriptions
Additional Structures: Above Grade, Below Grade
Days on Site: 158
Exterior: Masonry
Lot Dimensions: 0.05 Acre(S)
Municipality: PHILADELPHIA
One Bedroom Units: 1
Sewer: Public Sewer
Structure Type: Interior Row/Townhouse
Total Garage/Parking Spaces: 2
Two Bedroom Units: 2
Units: 3
Water: Public
Local Schools
School District: PHILADELPHIA CITY
Listed By / Shown By
Listed By
Agency Name: KW Empower
Agency Phone: 2156273500
Shown By
Agency Title: RealtyMark
Agency Phone: 888-260-0040
Estimate Your Payment
Estimated Payment
$ 2,000.82 per month $1,333.11 Principal & Interest $493.00 Property Tax $174.71 Homeowner's InsuranceChange Payment Information
5000 Florence Avenue | MLS# PAPH2540486
This multi-family property located at 5000 Florence Avenue, Philadelphia, PA 19143 is currently listed for sale with an asking price of $599,000. Florence Avenue is located within the PHILADELPHIA CITY school district. Search Philadelphia real estate on www.realtymark.net today.