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Sold for $495,000
  • $495,000

    506 W Master St, Philadelphia, PA 19122

    4beds
    --baths
    1,955sqft
    Townhouse
    Built in 2015
    -- sqft lot
    $498,500 Zestimate®
    $253/sqft
    $2,654 Estimated rent

    Home value

    $498,500

    $464,000 - $533,000

    $2,654/mo

    Zestimate® history
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    $2,654/mo

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    $2,993/mo

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    What's special

    Spacious layoutsPrivate rear yardUpdated finishesLarge windowsSeparate laundryHardwood floors
    Welcome to 506 Master Street, a modern duplex in the Ludlow section of Kensington, directly across from Cruz Playground and just a short walk to the shops and restaurants along Girard Avenue. Built in 2015, this turnkey property offers a perfect opportunity for an owner-occupant to offset their mortgage with rental income while enjoying the benefits of a booming neighborhood with significant nearby development. The lower unit (905 sq ft) features 2 bedrooms, 1 full bath, and a private rear yard perfect for outdoor entertaining or gardening. The upper unit (1,050 sq ft) also offers 2 bedrooms and 1 full bath, with large windows flooding the space with natural light. Both units feature hardwood floors, spacious layouts, separate laundry, and updated finishes that make moving in or leasing seamless. Additional highlights include: solar panels on the roof for energy savings, separate utilities for each unit, delivered fully vacant for immediate rental or occupancy flexibility. Previously rented at $1,650/month for the upper unit with potential for $2,000/month+ in today's market and $1,450/month for the lower unit with potential for $1,800/month+. Whether you’re looking to build wealth or expand your investment portfolio with a low-maintenance property, 506 Master Street offers the ideal blend of location, modern construction, and long-term upside in a rapidly developing area. Don’t miss your chance to own a move-in-ready duplex across from a beautiful park in the heart of Kensington.

    Zillow last checked:

    Listing updated:

    Listed by:

    Lindsey Toconita 610-806-2113,

    Kurfiss Sotheby's International Realty

    Bought with:

    Carlos Masip, AB068852

    KW Empower

    Source: Bright MLS,MLS#: PAPH2514750MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    Basement
    • Area: 0
    Heating
    • Forced Air, Natural Gas
    Cooling
    • Central Air, Electric
    Appliances
    • Included: Gas Water Heater
    Features
    • Has fireplace: No
    Interior area
    • Total structure area: 1,955
    • Total interior livable area: 1,955 sqft

    Property

    Parking
    • Parking features: On Street
    • Has uncovered spaces: Yes
    Accessibility
    • Accessibility features: None
    Features
    • Pool features: None
    Lot
    • Size: 918 sqft
    • Dimensions: 16.00 x 59.00
    Details
    • Additional structures: Above Grade, Below Grade
    • Parcel number: 885177120
    • Zoning: RSA5
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Traditional
    • Property subtype: Townhouse
    Materials
    • Brick, Metal Siding
    • Foundation: Concrete Perimeter
    Condition
    • New construction: No
    • Year built: 2015

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    Green energy
    • Energy generation: PV Solar Array(s) Leased

    Community & neighborhood

    Location
    • Region: Philadelphia
    • Subdivision: Kensington
    • Municipality: PHILADELPHIA

    Other

    Other facts
    • Listing agreement: Exclusive Right To Sell
    • Ownership: Fee Simple

    Price history

    DateEventPrice
    3/13/2026Sold$495,000+4.2%$253/sqft
    Source: Bright MLS #PAPH2514750 Report a problem
    2/16/2026Pending sale$475,000$243/sqft
    Source: Bright MLS #PAPH2514750 Report a problem
    1/29/2026Contingent$475,000$243/sqft
    Source: Bright MLS #PAPH2514750 Report a problem
    11/19/2025Price change$475,000-4%$243/sqft
    Source: Bright MLS #PAPH2514750 Report a problem
    10/15/2025Price change$495,000-5.7%$253/sqft
    Source: Bright MLS #PAPH2514750 Report a problem
    9/26/2025Price change$525,000-4.4%$269/sqft
    Source: Bright MLS #PAPH2514750 Report a problem
    9/5/2025Price change$549,000-4.5%$281/sqft
    Source: Bright MLS #PAPH2514750 Report a problem
    7/10/2025Listed for sale$575,000+1337.5%$294/sqft
    Source: Bright MLS #PAPH2514750 Report a problem
    9/26/2013Listing removed$40,000$20/sqft
    Source: Coldwell Banker Preferred #6135743 Report a problem
    8/16/2013Price change$40,000-32.2%$20/sqft
    Source: Coldwell Banker Preferred #6135743 Report a problem
    1/16/2013Price change$59,000-21.3%$30/sqft
    Source: Coldwell Banker Preferred #6135743 Report a problem
    11/17/2012Listed for sale$75,000$38/sqft
    Source: Coldwell Banker Preferred #6135743 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: Olde Kensington

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • 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.

    Get a cash offer in 3 minutes
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    Estimated market value
    $498,500
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $498,500