5230 N 2nd St, Philadelphia, PA 19120

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Sold Price
$155,000
List Price
$175,000
Closing Date
Oct 31, 2025
Status
CLOSED
MLS#
PAPH2492912
Living Area
1,688
Lot Size (Acres)
0.06
Style
Row
Year Built
1930
County
Philadelphia
School District
Philadelphia City

Property Description

Newly Repriced! This multi family property is packed with potential and primed for your vision. Once renovated, the property has the potential to generate over $41,650 in annual rental income. Even after factoring in acquisition and renovation costs, the investment offers an impressive return—delivering 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 updates—such as new flooring, fresh paint, and general cleanup—the 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. Don’t miss the chance to turn this classic triplex into a high-performing asset in a growing neighborhood.

Additional Information

Area
19120 (19120)
Subdivision
Oak Lane
Interior Features
Attic
School District
Philadelphia City
Flooring
Hardwood, Hardwood, Wood
Heating
Radiator(s)
Cooling
None
Roof
Flat, Pitched
Water
Public
Sewer
Public Sewer

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Elfant Wissahickon-Rittenhouse Square. Contact:

Selling Office: Giraldo Real Estate Group.