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New construction
  • $395,000

    1511 N 54th St, Philadelphia, PA 19131

    4beds
    3baths
    1,900sqft
    : 
    $2,648/mo
    Get pre-qualified
    Triplex
    Built in 1925
    -- sqft lot
    $-- Zestimate®
    $208/sqft
    $-- HOA

    What's special

    Two one-bedroom unitsOne two-bedroom unit
    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.)
    3 days
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    Zillow last checked:

    Listing updated:

    Listed by:

    Arica Miller 347-586-3154,

    KW Empower 215-627-3500

    Source: Bright MLS,MLS#: PAPH2681514MLS Logo

      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

        $1,846/mo

        Price history

        DateEventPrice
        10/16/2026Listed for sale$395,000+92.7%$208/sqft
        Source: Bright MLS #PAPH2681514 Report a problem
        9/9/2026Listing removed$1,500$1/sqft
        Source: Bright MLS #PAPH2563372 Report a problem
        8/5/2026Price change$1,500-3.2%$1/sqft
        Source: Bright MLS #PAPH2563372 Report a problem
        3/3/2026Price change$1,550-3.1%$1/sqft
        Source: Bright MLS #PAPH2563372 Report a problem
        1/31/2026Price change$1,600-8.6%$1/sqft
        Source: Bright MLS #PAPH2563372 Report a problem
        11/30/2025Listed for rent$1,750$1/sqft
        Source: Bright MLS #PAPH2563372 Report a problem
        11/26/2024Sold$205,000-4.6%$108/sqft
        Source: Bright MLS #PAPH2325854 Report a problem
        10/3/2024Pending sale$214,900$113/sqft
        Source: Bright MLS #PAPH2325854 Report a problem
        6/7/2024Price change$214,900-2.3%$113/sqft
        Source: Bright MLS #PAPH2325854 Report a problem
        5/15/2024Listed for sale$219,900$116/sqft
        Source: Bright MLS #PAPH2325854 Report a problem
        5/6/2024Pending sale$219,900$116/sqft
        Source: Bright MLS #PAPH2325854 Report a problem
        4/5/2024Price change$219,900-2.3%$116/sqft
        Source: Bright MLS #PAPH2325854 Report a problem
        4/1/2024Price change$225,000-2.1%$118/sqft
        Source: Bright MLS #PAPH2325854 Report a problem
        3/27/2024Price change$229,900-2.1%$121/sqft
        Source: Bright MLS #PAPH2325854 Report a problem
        3/20/2024Price change$234,900-2.1%$124/sqft
        Source: Bright MLS #PAPH2325854 Report a problem
        2/27/2024Listed for sale$239,900+2.1%$126/sqft
        Source: Bright MLS #PAPH2325854 Report a problem
        1/11/2024Listing removed--
        Source: Bright MLS #PAPH2193578 Report a problem
        6/28/2023Price change$235,000-1.7%$124/sqft
        Source: Bright MLS #PAPH2193578 Report a problem
        6/13/2023Listed for sale$239,000$126/sqft
        Source: Bright MLS #PAPH2193578 Report a problem
        5/8/2023Contingent$239,000$126/sqft
        Source: Bright MLS #PAPH2193578 Report a problem
        1/13/2023Listed for sale$239,000+198.8%$126/sqft
        Source: Bright MLS #PAPH2193578 Report a problem
        12/18/2021Sold$80,000-36.3%$42/sqft
        Source: Public Record Report a problem
        12/21/2018Listing removed$125,628+25.3%$66/sqft
        Source: Auction.com Report a problem
        12/8/2018Listed for sale$100,258$53/sqft
        Source: Auction.com Report a problem
        9/25/2018Listing removed$100,258+82.3%$53/sqft
        Source: Auction.com Report a problem
        7/1/2018Listed for sale--
        Source: Auction.com Report a problem
        6/15/2015Sold$55,000+3.4%$29/sqft
        Source: Public Record Report a problem
        12/21/2005Sold$53,200+758.1%$28/sqft
        Source: Public Record Report a problem
        11/29/2002Sold$6,200-87.3%$3/sqft
        Source: Public Record Report a problem
        5/19/1999Sold$49,000$26/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$4,580 +29.7%$327,200 +29.7%
        2024$3,530 $252,200
        2023$3,530 +119.3%$252,200
        2022$1,610 --
        2021$1,610 +3.9%--
        2018$1,550 --
        2017$1,550 +54.8%--
        2016$1,001 --
        2015$1,001 --
        2014$1,001 +4.5%$71,500 +712.5%
        2012$958 $8,800
        2011-- $8,800
        2010-- $8,800
        2009-- $8,800
        2008-- $8,800
        2007-- $8,800 +7.4%
        2006-- $8,192
        2005-- $8,192
        2004-- $8,192 +9.9%
        2003-- $7,456 +16.5%
        2002-- $6,400
        2000-- $6,400
        1999-- $6,400
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Carroll Park

        Getting around

        84 / 100
        Very Walkable
        68 / 100
        Good Transit
        71 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating
        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.

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