1802 N 5th St Philadelphia, PA 19122
Norris Square NeighborhoodEstimated payment $4,472/month
About This Home
Amazing investment opportunity. This modern, fully occupied 3-unit multi-family property was built in 2019 and is situated in the highly sought-after Olde Kensington neighborhood of Philadelphia, just a short walk from Temple University, Fishtown and Northern Liberties, ensuring consistent demand. This property offers investors an excellent opportunity to acquire a turnkey asset with significant potential for rental growth and immediate rent increases. The property includes a tax abatement and is also located within a Qualified Opportunity Zone, providing potential tax advantages for investors. The unit mix includes one, two and three-bedroom layouts all with private outdoor space including a rear yard, rear deck or roof deck. The units offer hardwood floors, stainless-steel appliances, in-unit washer and dryers, and much more. Don’t miss this rare opportunity to own a high-performing multi-family property in a rapidly developing area. Taxes, remaining abatement term and square footage are the responsibility of the buyer to have verified. Eight property portfolio, can be purchased individually or as a full / partial portfolio (4008, 4010, 4032 & 4011 Baring Street, 416-18 N. Wiota Street, 508 Budd Street, 1537 Swain Street and 1802 N. 5th Street).
Listing Agent
(215) 783-7779 sonesti@mccannteam.com KW Empower License #RS372317 Listed on: 03/24/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,582
Year Built
- Built in 2019
Lot Details
- 1,287 Sq Ft Lot
- Lot Dimensions are 21.00 x 85.00
Home Design
- 3,051 Sq Ft Home
- Triplex
- Straight Thru Architecture
- Concrete Perimeter Foundation
Utilities
- Forced Air Heating and Cooling System
- Electric Water Heater
Additional Features
- Finished Basement
Community Details
- 3 Units
- Olde Kensington Subdivision
Listing and Financial Details
- Tax Lot 124
- Assessor Parcel Number 183174100
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $2,787 | $184,500 | $184,500 | -- |
| 2024 | $2,787 | $184,500 | $184,500 | -- |
| 2023 | $2,787 | $199,100 | $199,100 | $0 |
| 2022 | $147 | $199,100 | $199,100 | $0 |
| 2021 | $147 | $0 | $0 | $0 |
| 2020 | $147 | $0 | $0 | $0 |
| 2019 | $147 | $0 | $0 | $0 |
| 2018 | $0 | $0 | $0 | $0 |
| 2017 | $147 | $0 | $0 | $0 |
| 2016 | $147 | $0 | $0 | $0 |
| 2015 | $141 | $0 | $0 | $0 |
| 2014 | -- | $10,500 | $10,500 | $0 |
| 2012 | -- | $1,280 | $1,280 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/26/2025 06/26/25 | Price Changed | $799,000 | -2.0% | $262 / Sq Ft |
| 03/24/2025 03/24/25 | For Sale | $815,000 | -- | $267 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $70,000 | Northeast Executive Abstract | |
| Deed | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $445,000 | Construction |
Source: Bright MLS
MLS Number: PAPH2460944
APN: 183174100
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