22 Photos

1511 N 54th Street N
Philadelphia, PA 19131

$395,000 - Status: ACTIVE
SQFT: 1,900
MLS# PAPH2681514

A Philadelphia Investment Opportunity With Income Potential, Purpose, and Possibility Your next real estate investment could be more than a property. It could be the foundation of your next chapter in wealth building. Welcome to 1511 N. 5th Street, Philadelphia, Pennsylvaniaa compelling opportunity for the visionary investor who understands that successful real estate investing is about more than acquiring a building. It is about recognizing potential, creating lasting value, and positioning yourself to benefit from the enduring need for quality rental housing. This 3 unit residential investment presents an opportunity to establish or expand a rental portfolio in Philadelphia's dynamic urban real estate market. Featuring 2 - 1 bedroom units and 1 - 2 bedroom unit, the property offers a diversified residential configuration that can appeal to a range of prospective renters, subject to market demand, property condition, and applicable rental requirements. For investors navigating today's higher borrowing costs, opportunities deserve to be evaluated through a disciplined lens: income potential, operating expenses, tenant demand, long-term appreciation prospects, and the ability to create value. This property offers an opportunity to explore all of those considerations in one investment. 3 units. Multiple income opportunities. One strategic acquisition. The property's three-unit configuration is central to its investment appeal. An investor has the opportunity to generate income from 3 separate residential units. The proposed rental-income analysis uses the Philadelphia Housing Authority payment standards previously discussed as a preliminary benchmark: - Two one-bedroom units: $1,960 per month each. - One two-bedroom unit: $2,330 per month. Based on those assumptions, the property has a projected gross rental income of $6,250 per month, or $75,000 annually, before vacancy, operating expenses, and any adjustments required by the applicable rental program. For an investor, this creates a starting point for evaluating the property's earning potential and developing a thoughtful acquisition strategy. The final achievable rents must be independently verified. Housing Choice Voucher payment standards are not guaranteed rents, and the applicable ZIP code, voucher requirements, utilities, rent-reasonableness review, and property eligibility must all be confirmed. An investment strategy for today's interest-rate environment Higher interest rates have changed the way investors evaluate real estate. Borrowing costs can reduce cash flow, increase monthly debt service, and make careful underwriting more important than ever. But higher rates do not automatically eliminate opportunity. They make the quality of the acquisition, the accuracy of the numbers, and the investor's strategy even more important. At an asking price of $395,000, buyers can evaluate this property based on its potential rental income, anticipated operating expenses, financing structure, and long-term objectives. (Note: Select photos have been virtually staged for visualization purposes only.)

Property Features

MLS#: PAPH2681514
Zip: 19131
Subdivision: Philadelphia (west)
Development: Philadelphia
Property Type: Multi Unit - Multiple
Number of Units: 3
Basement: Yes
Basement: Full, Walkout Level, Fully Finished
Cooling: Central A/C
Days on Site: 11
Fuel Type: Electric
Heating: Forced Air
Home Style: Dwelling with Rental
Lot Size: 0.04 acres
Roof Type: Asphalt
Taxes: $3,916
Year Built: 1925

Feature Descriptions

Accessibility: Level Entry - Main
Additional Structures: Above Grade, Below Grade
Appliances: Dryer, Water Heater, Washer/Dryer Stacked, Washer, Stove, Stainless Steel Appliances
Electric Description: 200+ Amp Service
Exterior: Masonry
Flooring: Laminated
Interior: Kitchen - Eat-In, Floor Plan - Open, Efficiency, Dining Area, Combination Kitchen/Living
Location Description: Corner Lot/Unit
Lot Dimensions: 0.04 Acre(S)
Municipality: PHILADELPHIA
Number of Rooms: 10
One Bedroom Units: 2
Sewer: Public Sewer
Structure Type: Twin/Semi-Detached
Two Bedroom Units: 1
Units: 3
Utilities: Electric Available, Water Available
Water: Public

Local Schools

High School: WEST PHILADELPHIA
School District: PHILADELPHIA CITY

1511 N 54th Street N | MLS# PAPH2681514

This multi-family property located at 1511 N 54th Street N , Philadelphia, PA 19131 is currently listed for sale with an asking price of $395,000. N 54th Street N is located within the PHILADELPHIA CITY school district. Search Philadelphia real estate on www.570re.com today.

Listed By / Shown By

Listed By

Agency Name: KW Empower
Agency Phone: 2156273500

Shown By

Agent Name: Jessica Suchter
Agent Phone: (570) 906-1965
Agency Title: Lewith & Freeman

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AGENT INFORMATION

Lewith & Freeman Jessica Suchter (570) 906-1965 JessicaS@Lewith-Freeman.com

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Estimated Payment

$ 2,690.88 per month $2,249.34 Principal & Interest $326.33 Property Tax $115.21 Homeowner's Insurance

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