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Sold for $518,000
  • $518,000

    5201 Lebanon Ave, Philadelphia, PA 19131

    4beds
    --baths
    1,824sqft
    Townhouse
    Built in 1920
    -- sqft lot
    $-- Zestimate®
    $284/sqft
    $2,477 Estimated rent

    Home value

    Not available

    Estimated sales range

    Not available

    $2,477/mo

    Zestimate® history
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    What's special

    High wood beam ceilingsUrban loftCustom cabinetsConcert hallsExposed brick walls
    ***Back on the Market due to Buyer's inability to secure proper funding! Their loss is your gain as this is a rare money-making property with a HOTEL LICENSE!!*** Seize this rare opportunity to own a legally designated triplex with two highly-rated, turnkey short-term rental units, complete with a transferable HOTEL license, in the highly sought-after neighborhood of Wynnefield, Philadelphia. This property not only offers a lucrative short-term rental business but also comes with a valid hotel variance for six rooms and a short-term rental license—both extremely difficult and costly to acquire. INCLUDES ALL ITEMS IN THE 2nd and 3rd Floor Units!! Located just minutes from the Main Line, City Ave and conveniently near sports venues, concert halls, and St. Joseph's University, this property guarantees a steady stream of guests. The two upper units are freshly remodeled and fully furnished, exuding a cool city vibe that immediately puts guests in vacation mode upon entry. The sale includes everything from the top two short-term rental units, such as beds, sheets, appliances, furniture, kitchenware, and more, making it a true turnkey operation. The first-floor unit is occupied by a long-term tenant, ensuring stable rental income. The property boasts excellent reviews on multiple platforms like VRBO, Travelocity, Booking and Expedia, reflecting its strong reputation. Stunning interior features include exposed brick walls, custom cabinets, and high wood beam ceilings, all designed with an urban loft aesthetic. This investment is perfect for investors seeking an excellent addition to their portfolio, offering immediate income and growth potential. It's also ideal for owner-occupants, particularly first-time buyers looking to house-hack or enter the short-term rental market. Remote investors will find it a great opportunity to invest in Philadelphia and build passive income from a distance. This trendy home is the perfect retreat for guests, providing a relaxing environment after a day of work or exploration in the vibrant city of Philadelphia. Don't miss out on this exceptional investment opportunity. Schedule a showing today and take the first step towards owning a high-performing, income-generating property.

    Zillow last checked:

    Listing updated:

    Listed by:

    Brad Gellman 267-259-0134,

    Coldwell Banker Realty

    Bought with:

    Vanessa Jackson, RS287524

    Tesla Realty Group, LLC

    Source: Bright MLS,MLS#: PAPH2357576MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    Basement
    • Area: 0
    Heating
    • Forced Air, Natural Gas
    Cooling
    • Central Air, Ceiling Fan(s), Electric
    Appliances
    • Included: Electric Water Heater
    Features
    • Ceiling Fan(s), Combination Kitchen/Dining, Additional Stairway, Dining Area, Open Floorplan
    • Flooring: Hardwood, Tile/Brick
    • Has fireplace: No
    Interior area
    • Total structure area: 1,824
    • Total interior livable area: 1,824 sqft

    Property

    Parking
    • Total spaces: 3
    • Parking features: Storage, Basement, Garage Faces Rear, Public, Driveway, On Street, Attached
    • Attached garage spaces: 1
    • Uncovered spaces: 2
    Accessibility
    • Accessibility features: None
    Features
    • Pool features: None
    Lot
    • Size: 3,142 sqft
    • Dimensions: 61.00 x 111.00
    • Features: SideYard(s), Front Yard, Corner Lot
    Details
    • Additional structures: Above Grade, Below Grade
    • Parcel number: 521138700
    • Zoning: RSA5
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Traditional,Straight Thru
    • Property subtype: Townhouse
    Materials
    • Masonry
    • Foundation: Stone, Concrete Perimeter
    • Roof: Shingle
    Condition
    • Excellent,Very Good
    • New construction: No
    • Year built: 1920
    • Major remodel year: 2021

    Utilities & green energy

    • Electric: 200+ Amp Service
    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Location
    • Region: Philadelphia
    • Municipality: PHILADELPHIA

    Other

    Other facts
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: FHA,Cash,VA Loan,Conventional
    • Ownership: Fee Simple

    Price history

    DateEventPrice
    1/9/2025Sold$518,000$284/sqft
    Source: Public Record Report a problem
    10/30/2024Sold$518,000+3.8%$284/sqft
    Source: Bright MLS #PAPH2357576 Report a problem
    9/30/2024Contingent$499,000$274/sqft
    Source: Bright MLS #PAPH2357576 Report a problem
    9/13/2024Listed for sale$499,000$274/sqft
    Source: Bright MLS #PAPH2357576 Report a problem
    9/9/2024Contingent$499,000$274/sqft
    Source: Bright MLS #PAPH2357576 Report a problem
    9/6/2024Listed for sale$499,000$274/sqft
    Source: Bright MLS #PAPH2357576 Report a problem
    6/21/2024Pending sale$499,000$274/sqft
    Source: Bright MLS #PAPH2357576 Report a problem
    5/22/2024Listed for sale$499,000-23.2%$274/sqft
    Source: Bright MLS #PAPH2357576 Report a problem
    1/1/2024Listing removed--
    Source: Bright MLS #PAPH2261214 Report a problem
    11/7/2023Listed for sale$649,900$356/sqft
    Source: Bright MLS #PAPH2261214 Report a problem
    10/4/2023Contingent$649,900$356/sqft
    Source: Bright MLS #PAPH2261214 Report a problem
    8/7/2023Listed for sale$649,900+622.1%$356/sqft
    Source: Bright MLS #PAPH2261214 Report a problem
    5/3/2019Sold$90,000$49/sqft
    Source: Public Record Report a problem
    2/22/2019Sold$90,000-28%$49/sqft
    Source: Agent Provided Report a problem
    1/12/2019Listed for sale$125,000+150%$69/sqft
    Source: Nick's Real Estate #PAPH510394 Report a problem
    3/6/2017Sold$50,000+150%$27/sqft
    Source: Public Record Report a problem
    12/18/2013Sold$20,000-74.7%$11/sqft
    Source: Public Record Report a problem
    8/24/2011Sold$79,100$43/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$2,182 +68.5%$155,900 +68.5%
    2024$1,295 $92,500
    2023$1,295 +51.6%$92,500
    2022$854 --
    2021$854 +48.8%--
    2018$574 -23.9%--
    2017$754 -4.3%--
    2016$788 --
    2015$788 --
    2014$788 +4.5%$56,300 +293.6%
    2012$754 $14,304
    2011-- $14,304
    2010-- $14,304
    2009-- $14,304
    2008-- $14,304
    2007-- $14,304 +6.4%
    2006-- $13,440 +10.5%
    2005-- $12,160
    2004-- $12,160
    2003-- $12,160
    2002-- $12,160
    2000-- $12,160
    1999-- $12,160

    Find assessor info on the county website

    Neighborhood: Wynnefield

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • District: The School District Of Philadelphia

    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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