Seller's Agent in 2024
Brad Gellman
Coldwell Banker Realty
(267) 259-0134
3 in this area
70 Total Sales
5201 Lebanon Ave Philadelphia, PA 19131
Wynnefield Neighborhood
--
Bed
--
Bath
1,824
Sq Ft
3,142
Sq Ft Lot
Highlights
- Open Floorplan
- 4-minute walk to Wynnefield Avenue
- Wood Flooring
- Dual Staircase
- Straight Thru Architecture
- Corner Lot
About This Home
As of October 2024***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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,294
Year Built
- Built in 1920 | Remodeled in 2021
Lot Details
- 3,142 Sq Ft Lot
- Lot Dimensions are 61.00 x 111.00
- Corner Lot
- Front and Side Yard
- Property is in excellent condition
Parking
- 1 Car Attached Garage
- 2 Driveway Spaces
- Public Parking
- Basement Garage
- Parking Storage or Cabinetry
- Rear-Facing Garage
- On-Street Parking
Home Design
- Triplex
- Straight Thru Architecture
- Traditional Architecture
- Stone Foundation
- Shingle Roof
- Concrete Perimeter Foundation
- Masonry
Interior Spaces
- 1,824 Sq Ft Home
- Open Floorplan
- Dual Staircase
- Ceiling Fan
- Combination Kitchen and Dining Room
Flooring
- Wood
- Tile or Brick
Utilities
- Forced Air Heating and Cooling System
- 200+ Amp Service
- Electric Water Heater
Community Details
- 3 Units
- 4-Story Building
Listing and Financial Details
- Tax Lot 93
- Assessor Parcel Number 521138700
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 22, 2024
Closed on
Dec 20, 2024
Sold by
Capital Home Buyers Llc
Bought by
Wrapped N Love Property 1 Llc
Seller's Agent
Brad Gellman
Coldwell Banker Realty
Buyer's Agent
VANESSA B. JACKSON
Tesla Realty Group, LLC
List Price
$499,000
Sold Price
$518,000
Premium/Discount to List
$19,000
3.81%
Views
120
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$10,092
Avg. Annual Appreciation
-2.32%
Original Mortgage
$414,400
Outstanding Balance
$412,262
Interest Rate
7.63%
Mortgage Type
New Conventional
Estimated Equity
$95,646
Purchase Details
Closed on
Mar 26, 2021
Sold by
Mcneal Propetries Llc
Bought by
Capital Home Buyers Llc
Purchase Details
Listed on
Jan 12, 2019
Closed on
Feb 22, 2019
Sold by
Cruz Dario E
Bought by
Mcneal Properties Llc
Seller's Agent
Ray Cardona
United Real Estate Group
Buyer's Agent
Kathryn Rahman
Compass RE
List Price
$125,000
Sold Price
$90,000
Premium/Discount to List
-$35,000
-28%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
30.29%
Purchase Details
Closed on
Feb 2, 2017
Sold by
The 5201 Lebanon Trusts
Bought by
Cruz Dario E
Purchase Details
Closed on
Jun 24, 2013
Sold by
Yeldell Christopher K and Shaw Tyeshia
Bought by
The 5201 Lebanon Trust
Purchase Details
Closed on
Aug 9, 2011
Sold by
Pelzer Alturo and Pelzer Adonica
Bought by
Yeldell Christopher K and Shaw Tyeshia
Purchase Details
Closed on
Nov 2, 2001
Sold by
Pelzer Alturo T and Brown Willa
Bought by
Pelzer Alturo T and Pelzer Adonica
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $518,000 | None Listed On Document | |
| Deed | $110,000 | None Available | |
| Deed | $90,000 | Interstate Abstract | |
| Sheriffs Deed | $50,000 | None Available | |
| Deed | $20,000 | None Available | |
| Deed | $79,100 | None Available | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $414,400 | New Conventional | |
| Previous Owner | $280,000 | New Conventional | |
| Previous Owner | $200,920 | Construction |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/30/2024 10/30/24 | Sold | $518,000 | +3.8% | $284 / Sq Ft |
| 09/06/2024 09/06/24 | For Sale | $499,000 | 0.0% | $274 / Sq Ft |
| 06/17/2024 06/17/24 | Pending | -- | -- | -- |
| 05/22/2024 05/22/24 | For Sale | $499,000 | +454.4% | $274 / Sq Ft |
| 02/19/2019 02/19/19 | Sold | $90,000 | -28.0% | -- |
| 01/29/2019 01/29/19 | Pending | -- | -- | -- |
| 01/12/2019 01/12/19 | For Sale | $125,000 | -- | -- |
Source: Bright MLS
Tax History Compared to Growth
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 | $1,295 | $155,900 | $31,180 | $124,720 |
| 2024 | $1,295 | $155,900 | $31,180 | $124,720 |
| 2023 | $1,295 | $92,500 | $18,500 | $74,000 |
| 2022 | $854 | $92,500 | $18,500 | $74,000 |
| 2021 | $854 | $0 | $0 | $0 |
| 2020 | $854 | $61,000 | $13,725 | $47,275 |
| 2019 | $574 | $0 | $0 | $0 |
| 2018 | $788 | $0 | $0 | $0 |
| 2017 | $788 | $0 | $0 | $0 |
| 2016 | $788 | $0 | $0 | $0 |
| 2015 | $754 | $0 | $0 | $0 |
| 2014 | -- | $56,300 | $18,812 | $37,488 |
| 2012 | -- | $14,304 | $3,576 | $10,728 |
Source: Public Records
Agents Affiliated with this Home
-
Brad Gellman
-
VANESSA B. JACKSON
V
Buyer's Agent in 2024
VANESSA B. JACKSON
Tesla Realty Group, LLC
(484) 985-9467
1 in this area
19 Total Sales
-
Ray Cardona
Seller's Agent in 2019
Ray Cardona
United Real Estate Group
(267) 975-9054
94 Total Sales
-
Kathryn Rahman
K
Buyer's Agent in 2019
Kathryn Rahman
Compass RE
(215) 850-9028
9 Total Sales
Map
Source: Bright MLS
MLS Number: PAPH2357576
APN: 521138700
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