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.)
New construction
$395,000
1511 N 54th St N, Philadelphia, PA 19131
4beds
3baths
1,900sqft
Triplex
Built in 1925
-- sqft lot
$-- Zestimate®
$208/sqft
$-- HOA
What's special
- 3 days
- 3
- 0
Zillow last checked:
Listing updated:
Listed by:
Arica Miller 347-586-3154,
KW Empower 215-627-3500
Source: Bright MLS,MLS#: PAPH2681514
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
Basement
- Area: 800
Heating
- Forced Air, Electric
Cooling
- Central Air, Natural Gas
Appliances
- Included: Dryer, Water Heater, Washer/Dryer Stacked, Washer, Cooktop, Stainless Steel Appliance(s), Electric Water Heater
- Laundry: Has Laundry
Features
- Eat-in Kitchen, Open Floorplan, Efficiency, Dining Area, Combination Kitchen/Living, 2 Story Ceilings
- Flooring: Laminate
- Basement: Full,Walk-Out Access,Finished
- Has fireplace: No
Interior area
- Total structure area: 2,700
- Total interior livable area: 1,900 sqft
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: Accessible Entrance
Features
- Pool features: None
Lot
- Size: 1,543 Square Feet
- Dimensions: 16.00 x 96.00
- Features: Corner Lot/Unit
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 442361100
- Zoning: RM1
- Zoning description: Multi FAMILY TRIPLEX
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex
Materials
- Masonry
- Foundation: Stone
- Roof: Asphalt
Condition
- Excellent
- New construction: Yes
- Year built: 1925
- Major remodel year: 2026
Utilities & green energy
- Electric: 200+ Amp Service
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Available, Water Available
Community & HOA
Community
- Subdivision: Philadelphia (west)
Location
- Region: Philadelphia
- Municipality: PHILADELPHIA
Financial & listing details
- Price per square foot: $208/sqft
- Tax assessed value: $279,000
- Annual tax amount: $3,916
- Date on market: 10/16/2026
- Listing agreement: Exclusive Agency
- Listing terms: Cash,Conventional,FHA,Private Financing Available,VA Loan,USDA Loan,Negotiable
- Ownership: Fee Simple
- Total actual rent: 75000
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 10/16/2026 | Listed for sale | $395,000$208/sqft |
Source: | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Carroll Park
Nearby schools
Schools provided by the listing agent
- High: West Philadelphia
- District: Philadelphia City
Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.







