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5230 N 2nd St, 
Philadelphia, PA 19120

$225,000


6

Beds


Bath


1,688

Sq Ft


Multi-Family

Active

Listed by

Katherine Vail

Elfant Wissahickon-Rittenhouse Square

Last updated:

June 26, 2025, 01:25 PM

MLS#

PAPH2492912

Source:

BRIGHTMLS

About This Home

5230 N 2nd St

This duplex property is packed with potential and primed for your vision. Once renovated, the property has the potential to generate over $34,450 in annual rental income. Even after factoring in acquisition and renovation costs, the investment offers an impressive 11% 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 duplex into a high-performing asset in a growing neighborhood.

Home Facts

Multi-Family

6 Bedrooms

Built in 1930

Price Summary

225,000

$133 per Sq. Ft.

MLS #:

PAPH2492912

Last Updated:

June 26, 2025, 01:25 PM

Added:

17 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

6


Structure

Structure

Architectural Style:

AirLite

Building Area:

1,688 Sq. Ft.

Year Built:

1930


Lot

Lot Size (Sq. Ft):

2,613


Finances & Disclosures

Finances

Price:

$225,000

Price per Sq. Ft:

$133 per Sq. Ft.

Source:BRIGHTMLS
The information being provided by Bright MLS is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2025 Bright MLS All rights reserved.

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