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Pumsu Lim

stagesite-2.test@chime.me +1(506) 970-3459

$ 589,000

Est. payment | -/mo

5 Beds

3 Baths

2,550 SqFt

Save

$ 589,000

Est. payment | -/mo

Save

5 Beds

3 Baths

2,550 SqFt

Key Details

Property Type Townhouse

Sub Type Interior Row/Townhouse

Listing Status Active

Purchase Type For Sale

Square Footage 2,550 sqft

Price per Sqft $230

Lot Size 2,283 Sqft

MLS Listing ID PAPH2541744

Style Traditional

Subdivision Squirrel Hill

Bedrooms 5

Full Baths 3

Short Sale No

HOA Y/N N

Originating MLS BRIGHT

Property Description

Currently a Triplex with RM-1 Zoning allowing you to change it back into your dream home single family or add an additional 2 units as multi-family. Seller Assist Available with approved offer. 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 below mark rate, 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.

Location

State PA

County Philadelphia

Area 19143 (19143)

Zoning RM1

Rooms

Basement Side Entrance

Main Level Bedrooms 5

Interior

Hot Water Natural Gas

Heating Baseboard - Hot Water

Cooling None

Fireplace N

Heat Source Natural Gas

1-purchase type For Sale

Exterior

Garage Additional Storage Area

Garage Spaces 2

Waterfront N

Water Access N

Accessibility None

Parking Type Detached Garage

Total Parking Spaces 2

Building

New Construction N

Story 2

Foundation Other

Lot Dimensions 22.00 x 105.00

Sewer Public Sewer

Water Public

Architectural Style Traditional

Story 2

Additional Building Above Grade, Below Grade

Schools

School District Philadelphia City

Others

Senior Community No

Tax Amount $5,916

Tax Year 2025

Tax ID 511147210

Ownership Fee Simple

SqFt Source 2550

Special Sale Standard

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Listed by Brannon John • KW Empower

5000 FLORENCE AVE Philadelphia, PA 19143